Latest news with #CCST
BBC News
15-07-2025
- Business
- BBC News
Fan group questions Cardiff's handling of Bale takeover bid
Cardiff City Supporters' Trust (CCST) has questioned the Bluebirds' handling of attempts to purchase the club by a consortium that includes Gareth legend Bale is fronting a bid to take over his hometown club, with the 111-cap former international recently stating the group have submitted "a brand new offer" for Cardiff owner Vincent Tan to League One side have not publicly commented on the situation, although the CCST has sought clarification on the matter from the in a statement, the fans' body expressed disappointment over Cardiff's failure to issue a public statement that it says would give supporters the "clarity they deserve".A statement read: "You will recall that, when reports first emerged of a bid to acquire Cardiff City, we contacted the club to seek clarification. "We received a response that no formal bid had been made but a notice of intention to make such an offer had been received."Since then, speculation regarding a bid has significantly ramped up not just on social media but also in the national press. "Reports that a quantified bid has been made, together with interviews with Gareth Bale who is reported to be involved with a consortium, is causing consternation amongst the fanbase who, in our view, should be kept in the picture."We have since contacted directly the three Europe-based directors of the club seeking further clarification of the situation and asking for an official public statement to be made."We received a reply that the club are not prepared to make a public statement in response to what they say are 'rumours'."To say that this is a very unsatisfactory situation is an understatement. The club need to confirm the position so that supporters get the clarity they deserve. We will continue to press the club to make a formal statement."Speaking in June, Bale said it would be "a dream come true" to purchase the Bluebirds, outlining his desire to take the club back to the Premier the group's latest bid, the former Southampton, Tottenham Hotspur, Real Madrid and Los Angeles forward told Front Office Sports Today: "We think it's a great offer, one that we're very happy with."We think it's very fair, if not more than fair, and it's something we hope the current owners will take seriously."We'd love them to accept so we can take full control and get on with what we want to do and create Cardiff into a club that we know it can be."
Newsweek
24-06-2025
- Business
- Newsweek
Student Loan Update: Supreme Court Resumes Case on Debt Forgiveness
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The U.S. Supreme Court on Monday agreed to resume a case surrounding a Biden-era student loan forgiveness rule. Why It Matters Former President Joe Biden's promises to forgive student loans to borrowers across the country faced myriad legal challenges from critics who believed he lacked authority to unilaterally forgive loans, and that taxpayers should not foot the bill for borrowers. Proponents of student loan forgiveness, however, say student loan debt has become a major burden for borrowers who are struggling to pay it off for years or even decades. Biden's rewrite of the Borrower Defense rule to make it easier for borrowers to have federal loans forgiven if schools either defrauded them or closed faced a legal challenge from Career Colleges & Schools of Texas (CCST), a trade organization. The Borrower Defense rule has been in place since 1994 but was rewritten by the Biden administration in 2022 to make the process easier for borrowers who were defrauded by a college to have those loans forgiven before a default, Forbes reported. Activists hold "cancel student debt" signs outside the White House on August 25, 2022. Activists hold "cancel student debt" signs outside the White House on August 25, 2022. STEFANI REYNOLDS/AFP via Getty Images What To Know CCST challenged the 2022 rewrite over concerns that it could harm for-profit institutions, with a judge on the Fifth Circuit Court of Appeals in 2023 blocking the rule from taking effect. But the Biden administration appeal to the U.S. Supreme Court, which has agreed to take up the case, titled Department of Education v. Career Colleges and Schools of Texas. Proceedings were paused earlier this year as the Trump administration requested more time to review the case after his return to office, but the court ordered briefings to resume on Monday, just weeks after Solicitor General D. John Sauer filed a motion making the request. Sauer wrote that Trump's Justice Department "decided to adhere to its position that the Higher Education Act permits the assessment of borrower defenses before default, in administrative proceedings, and on a group basis." On Monday, the Supreme Court granted the motion, meaning the case will resume and the court will hear oral arguments and weigh in on whether the Biden-era rule can remain. The court will consider whether or not the lower court erred in ruling that the Higher Education Act of 1965 doesn't allow for borrowers to file for borrower defense before default. Alan Collinge, founder of the organization Student Loan Justice, told Newsweek that for-profit colleges' opposition to the rules "says it all." "The majority of their students wind up in default, years of history have shown," Collinge said. "The Departments of Justice and Education should go much further than simply defending the Borrower Defense Rule in court. They should be shuttering the large majority of these scam colleges. They should have closed them down years ago, frankly. "Standard bankruptcy protections must be returned to the loans, as the right exists for all other borrowers, all other loans. Only then will the government be properly incented to crack the whip on these horrible schools." Still, Collinge said the case is "just re-arranging deckchairs on a sinking ship" and does little to address the larger issue of student loan debt for most borrowers. Most borrowers from for-profit colleges default on their loans regardless, he said. Newsweek reached out to the Department of Education and a lawyer representing Career Colleges & Schools of Texas for comment via email. What People Are Saying Former Solicitor General Elizabeth Prelogar of the Biden administration, in a petition to the court: "Taken to its logical conclusion, the court of appeals' decision would require wasteful litigation to resolve every asserted borrower defense—even when the Department and the borrower agree that the loan should be discharged—imposing significant burdens on borrowers, the Department, and the federal Judiciary. That threat and the growing backlog of unresolved borrower defense applications under the 2022 Rule impose current harms on the Department and on borrowers entitled to efficient resolution of their assertions of entitlement to relief. The Court should not permit the Fifth Circuit to continue its practice of contravening foundational equitable principles by ordering universal relief. This Court's review is warranted now." Attorneys representing Career Colleges and Schools of Texas wrote to the court: "Petitioner Department of Education raises two distinct statutory issues, neither of which involves a conflict of authority, and both of which the court of appeals decided correctly. Furthermore, this case is a poor vehicle for addressing the question of preliminary relief, as the Department seeks review of only one of several grounds of invalidation and the moribund rule is unlikely to be maintained, let alone defended by the incoming administration." What Happens Next Oral arguments have not yet been scheduled for the case but could be held as soon as the next term.
BBC News
10-06-2025
- Sport
- BBC News
Manager search delay shows owner's 'contempt', says Supporters' Trust
Cardiff City Supporters' Trust (CCST) has accused owner Vincent Tan of treating the club's fanbase with "contempt" over what the fans' body says is an "intolerable" delay and lack of communication over the appointment of a new had three different managers as they were relegated from the Championship this season and are now looking for a ninth boss in four Bulut was fired in September and his successor Omar Riza received his marching orders in April. Aaron Ramsey was appointed Cardiff interim manager for the final three games of the 2024-25 Championship season but was unable to keep them from club said in May that it would trial a new process to appoint the next manager, by assembling a sub-committee, and were hopeful of appointing a new boss by the end of that with the process now dragging on towards the middle of June, CCST issued a statement expressing its concern."Time is moving on, critical pre-season decisions need to be made in terms of the squad which cannot happen without a manager," read the statement."It is as long ago as 19 April that Omer Riza was relieved of his duties and 3 May was the final game of the season and it is 10 June that this communication is being written with still no sign of an appointment. "As the ultimate power within the club does Vincent Tan have a sense of urgency?"The club may say that there is no reason to panic but it is fair to say that the fanbase view the situation with some concern and anger. "That fact that there has been a deafening silence from the club has not been helpful... we are led to believe that the current state of inertia/indecision is purely down to the owner [Tan] and... [chief executive] Ken Choo."The statement continued: "This situation is intolerable and only serves to demonstrate the contempt the owner holds the fanbase in."We have no idea where we are in the process. Are the experts employed to assist in the job of finding a new manager still in the building? Are they continuing to advise? We hope they are but we just don't know."We will continue to liaise with the club to try and urge them to improve communication as fans deserve to be treated better."
Yahoo
25-05-2025
- Business
- Yahoo
Trust concerns over club's football knowledge remain
Cardiff City Supporters' Trust (CCST) have highlighted their ongoing concerns around the football knowledge at the top level of the club following a meeting with members of the Bluebirds' hierarchy. Following confirmation of Cardiff's relegation into League One, the club issued a statement in which they stated they would undertake a "thorough period of review across several structures and practices". Advertisement The Fans' Advisory Board (FAB) met with club chairman Mehmet Dalman, executive director and chief executive officer Ken Choo and non-executive director Steve Borley following the conclusion of what was a wretched 2024-25 season for the club. The CCST says it is "anxious to understand the extent of this review" after confirming the subject of improving the football knowledge at the highest levels within the club was raised during the meeting. They wrote: "In our view the question of footballing expertise at board level in connection with the review was not answered as positively as we would have liked. "Firstly, Mehmet Dalman stated that the board of Cardiff City is "unique" in that it cannot decide anything significant without reference to the owner. Advertisement "The minutes make it sound as if this uniqueness is a proud boast whereas our view is that it is a major weakness in corporate governance of the club. "Mehmet Dalman goes on to say that he would welcome more football expertise but introduced caveats, perhaps to temper expectation." Cardiff remain hopeful of appointing a new manager before the end of May having already interviewed candidates for the role - with the Bluebirds looking for a ninth boss in four years. It comes amid what is likely to be a significant squad overhaul at Cardiff City Stadium following relegation into the third tier. Advertisement The statement concluded: "There's not much for Cardiff City fans to be happy about at the moment, but we hope for positive developments whereby the owner will allow the board the leeway to put in place, in the way the club is run, the sort of improvements that will take Cardiff City in the right direction."
BBC News
25-05-2025
- Business
- BBC News
Trust concerns over club's football knowledge remain
Cardiff City Supporters' Trust (CCST) have highlighted their ongoing concerns around the football knowledge at the top level of the club following a meeting with members of the Bluebirds' confirmation of Cardiff's relegation into League One, the club issued a statement in which they stated they would undertake a "thorough period of review across several structures and practices".The Fans' Advisory Board (FAB) met with club chairman Mehmet Dalman, executive director and chief executive officer Ken Choo and non-executive director Steve Borley following the conclusion of what was a wretched 2024-25 season for the CCST says it is "anxious to understand the extent of this review" after confirming the subject of improving the football knowledge at the highest levels within the club was raised during the wrote: "In our view the question of footballing expertise at board level in connection with the review was not answered as positively as we would have liked. "Firstly, Mehmet Dalman stated that the board of Cardiff City is "unique" in that it cannot decide anything significant without reference to the owner. "The minutes make it sound as if this uniqueness is a proud boast whereas our view is that it is a major weakness in corporate governance of the club. "Mehmet Dalman goes on to say that he would welcome more football expertise but introduced caveats, perhaps to temper expectation."Cardiff remain hopeful of appointing a new manager before the end of May having already interviewed candidates for the role - with the Bluebirds looking for a ninth boss in four comes amid what is likely to be a significant squad overhaul at Cardiff City Stadium following relegation into the third statement concluded: "There's not much for Cardiff City fans to be happy about at the moment, but we hope for positive developments whereby the owner will allow the board the leeway to put in place, in the way the club is run, the sort of improvements that will take Cardiff City in the right direction."
