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Ridsdale stepping down at Cardiff


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A statement by the board of directors of Cardiff City Football Club.

Agreement has been reached with regard to new funding for the company and restructuring of its existing debt. This will be put formally to a shareholder meeting on Thursday, May 27, 2010. As a result of this new fundraising, Peter Ridsdale, Chairman and Chief Executive of the Company, will be standing down from his position and leaving the Company on May 31, 2010.

http://www.cardiffcityfc.co.uk/page/NewsDetail/0,,10335~2040207,00.html

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