Wales on Sunday stories

Last updated : 17 July 2006 By Michael Morris
Firstly there is a big piece on the effect Peter Ridsdale has had at Cardiff City.

That's followed by an article on possible mortgaging of players.


CARDIFF City haven't begun thinking about possible names for their proposed new £35m stadium - but how about this one for starters: 'The Peter Ridsdale Stadium'.

The suggestion may be with tongue firmly placed in cheek but before you scoff completely just remember that if the Bluebirds are at long last to have a new nest then it'll be thanks in no small measure to one of the most controversial men in football.

He won't admit as much, but following my interview with him I was convinced he's made delivering Cardiff's long-awaited stadium project his own personal crusade to ensure his footballing redemption.

Well who can blame him? And frankly, who cares so long as he succeeds?

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CARDIFF City owner Sam Hammam is planning to fund his squad rebuilding by 'mortgaging' his star players.

The Bluebirds are already £1m over budget having spent around £5m in transfers and wages ahead of the new season.

But Hammam intends to lessen the financial strain by raising large sums of money and using the potential future transfer value of top young players such as Michael Chopra and Joe Ledley as security.

The scheme is believed to be similar to the 'player sale and lease-back' method employed by deputy chairman Peter Ridsdale in his previous incarnation as chairman of Leeds United in the Premiership.

Hammam is seeking to boost the club's income by a variety of footballing avenues including increased season ticket sales, merchandise sales and higher home attendances at Ninian Park.

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