Cardiff City's new 25,000-seater stadium will be constructed even if the club goes into administration, councillors have confirmed.Cardiff Council's economic scrutiny committee has been told that the £58million needed to finance the Leckwith stadium is safe, even if the football club went bankrupt in the process.
Bluebirds chairman Peter Ridsdale had warned there could be a £20million shortfall if the club loses its High court case with creditors Langston, who claim they are owed £24million dating back to the previous owners at Ninian Park. Ridsdale is adamant that the debts are not due until 2016.
Council scrutiny committee chairman Ralph Cook said: "There is no threat. Unless Langston can take money out of the council coffers, there is no way that the facility cannot be built. The council has been careful and precise. The only thing we could end up with is a stadium but no football team to play in it."
It had been mooted last week that Barclays Bank may try to renegotiate its £8million bridging loan if the club went into administration.
The Bluebirds, who plan to move to Leckwith in 2009, are to share the ground with Magners League rugby union side Cardiff Blues.
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