Vital Football

Latest Cardiff City News

Cardiff City Granted 28 day HMRC Extension !!!

Cardiff City Granted 28 day HMRC Extension !!!

Cardiff City have scored a victory of sorts after the high court agreed to defer the winding up order against CCFC scheduled for today. After a number of income avenues were opened by the club, most notably involving the sale of land for £1.8m - granted under exceptional circumstances by Cardiff City council.

The HMRC has accepted a down payment of £1m, as a 'good will' payment and the guarantee that monies raised through the sale of land - will be preferentially directed to HMRC.

This really is a stay of execution, and while all information points to the staving off of the wind-up order on this particular occasion, there are significant further debts to be paid - and no sizable income forecast. Gate receipts, the FA Cup match against Chelsea and a 5-figure payment from Birmingham City as part of the Roger Johnson transfer are upcoming.

The winding up order is legally only adjourned for 28 days, pending payment of the outstanding debt. Once further tax payments are due, we could find ourselves in exactly the same boat.

Peter Ridsale surely knows better than to bill this as a 'victory' for CCFC in any sense....surely?!?



Click here to join in the debate on the club forum.

Writer:Bluebirdshroom
Date:Wednesday February 10 2010
Time: 12:16PM

Login to post a comment

Recent Cardiff City Articles

Premier League Cup Draw - U23s

The draw for the 32 team Premier League Cup took place earlier this afternoon and there are a few significant Midland derby clashes this year.

Transfer Windows To End Early?

The Premier League and the EFL will both be seeking thoughts from member clubs on whether or not to close the summer transfer window before the season kicks off in coming years.

Mendez-Laing In Team Of The Week (14/8/17)

Cardiff City are represented in the latest Football League team of the week that has been selected after this week's action.

EFL Couldn`t Organise A Cup Draw In A Brewery

The second round draw for the EFL Cup last night was almost a carbon copy repeat of the failed, confusing and utterly ridiculous errors that took place...

Archived Vital Cardiff Articles

Vital Cardiff articles from

Site Journalists

Write for Vital Cardiff
Write For Vital Cardiff
Apply Here

Current Poll (see more polls)

Huddersfield MotM
Suggested By:
Murphy11%
Peltier8%
Connolly0%
Morrison0%
Richards33%
Gunnarsson16%
Ralls0%
Bennett0%
Pilkington0%
Zohore16%
Hoilett0%
Sub-Whittingham8%
Sub-M Harris0%
Sub-Lambert8%
ScoopDragon Publishing Entire League Network of Sites
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Cardiff City Results (view all)

Cardiff City Fixtures (view all)

Vital Football Comment