Football Club (Holdings) Ltd Secretary and Board member Alan Whiteley
which failed to give the expected firm commitment on the timing of a
promised meeting.
Paul Corkrey, chairman of the Trust, said: "We received a response from
the club this week but unfortunately the letter did not provide the
positive commitment, along with a firm date for the meeting, that we would
have expected.
"As a result we will be writing to all shareholders, who number more than
700, to seek their support for the calling of an extraordinary general
meeting of the club.
"We believe Bluebirds fans deserve complete transparency both on the
club's financial position, as it stands now, and the situation going
forward. Supporters need answers and the Trust is determined to get them.
"The Trust remains bitterly disappointed that promises given to fans
buying their season tickets early that the money would be spent on
strengthening the squad were broken."
The Trust has to obtain pledges from people who hold five per cent of the
shares held - around two million shares - to force a meeting. Shareholders
will be asked by the Trust, which has more than 600 members, to sign a
letter agreeing to back the call for the special meeting.
In its letter to shareholders, the Trust said that the aim of the General
Meeting was to give the board of directors an opportunity to outline their
future plans for Cardiff City and detail the club's viability in the
short, medium and long term. It said it was hoped that this meeting would
serve as a vehicle to alleviate the growing concerns of existing
shareholders, supporters and prospective investors.
Alan Whiteley told the Trust in a letter that it was "likely" that the
directors would call a general meeting within six to eight weeks as a
result of a number of issues currently under consideration coming to
fruition.
The Trust will be holding a special open meeting for fans to discuss the
current situation at the club. It will take place at the Duke of Clarence
pub in Clive Road, Canton, Cardiff, on Monday, February 1st, at 7.30pm.
All are welcome.
