Cardiff board told to cough up cash

[Olzy]

Cardiff's board have been told to pay up debts owed to the Swiss-based Langston Corporation or hand over control of the club.

Langston, the club's main financial backers, initiated High Court proceedings against the club in August seeking repayment of a reported £24million in loan-notes taken during Sam Hammam's reign at Ninian Park.

A statement released by Langston's solicitors Hextalls said: "As Langston has previously stated, it has lost confidence in the board of directors who should relinquish control of the club to Langston.

"Langston is pursuing two actions against CCFC, pursuant to which multi-million pound payments are being sought. One of these is before the court next month (December 10).

"The success of the club, on and off the pitch, and the completion of the stadium is in the interests of everybody. All that Langston wants is to be paid what is due to it."

City chairman Peter Ridsdale insists the club has guarantees to pay off part of the loan through naming rights of the Bluebirds' new stadium, while the rest is not due until 2016.

Cardiff were not available for comment.