December
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Steve Borley has been speaking to the Western Mail and reitterating that the impending take over is all set to go ahead in less than 3 weeks time. There's nothing very new in the article but is refreshing to know we are only 20 days from what could be the biggest turning point in Cardiff's history.

From TotalWales.
CARDIFF CITY chairman Steve Borley is counting the days to “the most important moment in the club’s history” - the £2.5m takeover deal that he confidently predicts will be concluded on January 25.

On that date a Jersey-based consortium will gain the controlling interest by acquiring 55 per cent of the shares.

Clive Sullivan heads the group of wealthy Jersey-based Welsh businessmen keen to invest in City.

The Penarth-born brother of David Sullivan, chairman of Birmingham City plc, will take a 10 per cent stake in the club and join the board.

But the major imminent investor is another tax-exiled Welshman in the Channel Islands who has insisted his name be kept a closely guarded secret.

“The deal is vital in shaping and guaranteeing Cardiff City’s long-term future,” said Borley who is expected to remain as chairman.

“I’m confident it will be concluded on January 25 and when everything is signed, sealed and delivered it will be a lot easier to plan ahead.

“We are at the wrong end of the Second Division at present. But I’m sure we are on the right lines.

“Hopefully we’ll see the right levels of investment to bring about tangible changes on and off the pitch. People have just got to be patient. Personally, I’m very excited about the future.

“I obviously know the main player behind the deal. He’s a rich tax exile well known in financial circles. But I’ve been asked not to divulge his name for whatever reason.”

Borley, while disappointed by Monday’s 4-0 home beating by Preston, remains convinced that City will retain their Second Division status.

“You have to put that result in perspective,” he said. “It’s the first time since Sheffield United knocked us out of the FA Cup last year that we have been well and truly beaten.

“This season we’ve acquitted ourselves well in cup competitions against First Division Bolton and QPR and Wimbledon from the Premiership.

“Clubs like Preston, Wigan, Notts County and Fulham have struggled at a higher level after being runaway champions of the Third Division.

“It takes time to adjust and perhaps Monday’s setback by a side unbeaten in 18 games had to come.

“Everybody knows our squad needs strengthening. It’s common knowledge we have been looking for a striker and someoneat the back.

“The directors have done all they can to help manager Frank Burrows bring in better players.

“We haven’t shut the door on further signings before the new investors come in.

“We recently paid £110,000 for Jorn Schwinkendorf and agreed a £110,000 fee for Swindon striker Iffy Onuora until Frank decided not to proceed with the deal.

“I have no regrets about putting £500,000 into the club. But greater investment is needed.

“Our two home games over the holiday period each brought in gate receipts of around £100,000. But we can’t generate enough money.”