Wednesday, 12 March 2008
Langston v Cardiff City Football Club Ltd
It could be a big day for Cardiff City. Most of us have no idea what's going to happen and we don't exactly know just what's going on.
Here follows a quite in depth article from BBC Wales, that might help explain a little.
The full article can be found at this link
http://news.bbc.co.uk/1/hi/wales/7289591.stm
Ciaran Rhys Jenkins BBC Wales political unit |
Cardiff City won through to the FA Cup semi-finals with a win at Middlesbrough |
Wednesday's hearing is over £24m in loan notes the club borrowed from Langston Corporation in 2004.
Cardiff say a variation to the agreement means it is not repayable until 2016 but Langston want full repayment immediately.
The High Court will consider Langston's application for summary judgment.
That means a judge will decide whether to rule in Langston's favour without the need for a full trial.
Professor Robert Lee from Cardiff University Law School says it would be a "disaster for the football club" if Langston were to win the case outright.