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News from trusts
Cardiff City Supporters' Trust/Supporters' Club Joint Statement
The supporters of Cardiff City were relieved to hear the club has been given a further 56 days by the High Court to clear its outstanding tax debts. However, fans were also alarmed to hear the Bluebirds described as "plainly insolvent" by the barrister representing Her Majesty's Revenue and Customs.
It is obvious
that our beloved football club is in a wretched financial state and yet there
appears to be none of the drastic cost-cutting measures we have seen at other
clubs who have encountered similar problems. Instead, it seems the only
remedies being offered by the Cardiff City board are the hopes of substantial
foreign investment or promotion to the Premiership.
Given the
perilous position of the club and our team's poor recent form, both solutions
seem wildly optimistic. Consequently, these are very worrying times for all
Bluebirds fans.
Despite the
club's increasingly desperate plight, its management and players have continued
to collect their hefty wages, and there are suggestions that some of the major
shareholders have ensured monies owing to them have been paid ahead of those
owed to HMRC.
Meanwhile,
supporters have been asked to dip into their pockets time and again, and they
have done so. Within the space of the last twelve months, the club has
benefited from record season ticket sales and its highest attendance levels
since the early-Seventies, so the fans have clearly been playing their part.
At present, the
feeling amongst the Bluebirds' support is that we are being badly let down by
those who are in control of our club. We were led to believe the move to our
new stadium was the dawn of a bright new era, but in recent months it has been
developing into a nightmare and there are widespread fears that things are set
to go from bad to worse in the near future.
The board of
directors and major shareholders are the custodians of our proud football club
and, as such, they have a very clear duty to safeguard its future. We therefore
hope they acknowledge their responsibilities and begin to act accordingly.
On behalf of
Cardiff City's thousands of loyal supporters, we hereby call upon the
directors, shareholders, management and players to set aside their personal
interests and do what is right by our beloved football club during the critical
weeks ahead.
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