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Cardiff City's main financial backers have initiated legal proceedings against the club over claims that they have not repaid more than £30m in debts. Law firm Hextalls LLP, on behalf of Cardiff backers Langston, have accused the club's board of mismanaging their finances and misleading supporters. However, Cardiff City and former Leeds boss Peter Ridsdale has rejected the allegations. Ridsfale said: 'The statements released by Hextalls LLP seem to be an ill-informed mixture of fiction and general confusion.' For their part, Hextalls said: 'Our client's claim is that the sum is due for payment now as a result of the club's inability to meet certain deadlines as well as breaching the terms of its loan agreement in respect of the capital sum plus interest. It had been hoped to resolve the matter privately but the club has repeatedly ignored requests to discuss the debt and its implications. The court action is being taken reluctantly but our client has been left with no alternative following the club's failure to respond to repeated approaches.' Cardiff County has expressed confidence that the new Cardiff stadium will go ahead as the money for that is banked.
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