The formalities of the investment or takeover - we are not 100% sure exactly how it will work, are yet to be announced but it's been officially confirmed that Peter Ridsdale will leave the club on May 31st.
Risdale joined Cardiff in 2005 and will point to the new stadium being completed, an FA Cup final, reaching the play offs and now seeing new investors coming in as his high points.
There are low points like taking us to the edge of extinction and the misleading of fans to part with cash early to help the club get new players when in fact the money was needed to pay off debts that threatened the very future of the club.
The month of May promoises to be significant in the club's history with a play off campaign to come and the financial future seemingly sorted.
"Agreement has been reached with regard to new funding for the company and restructuring of its existing debt," the statement on the official website said.
"As a result of this new fundraising, Peter Ridsdale will be standing down from his position and leaving the company on May 31, 2010."
On the pitch City will find out who and when (for the play offs) after the final match of the regular season at Pride Park on Sunday (ko 1:00pm).
