Jargon Junk No. 001
Sunday, October 22, 2006

Sam Hammam has stepped down as chairman of Cardiff City.

He's going to be replaced by Peter Ridsdale.

Shocking news indeed. But what have our local sports journalists been up to? There wasn't a sniff of this in the press.


And just to complicate matters, Cardiff released this statement:

"In order that the current debt levels can be reduced and then eradicated and for the Club to have additional working capital, an agreement has now been reached for a debt equity swap with institutional hedge funds, who have acknowledged the unique huge potential that exists with Cardiff City Football Club."

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posted by Blamerbell @ 10:23 pm,

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