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

Best of Vital Network

Login to post a comment

Recent Cardiff City Articles

Stats: Cardiff City v Reading

All the stats from Cardiff City (0) vs (1) Reading, Cardiff City Stadium, 27/8/16 Att: 15,013

Cardiff v Reading - Team Sheets

Cardiff City are at the Cardiff City Stadium with Reading the visitors today, this is a 3pm kick-off - the line-ups have been confirmed.

Vital Pre-Match - Cardiff v Reading

Cardiff collected a point at Fulham, which I would have thought most definitely would have been taken ahead of kick-off. Tomorrow we'll welcome Reading to the Cardiff City Stadium.

Match Day Officials v Reading (27/8/16)

The Football League have now announced the Match Day officials that will take charge of the game against Reading this Saturday.

Archived Vital Cardiff Articles

Vital Cardiff articles from

Site Journalists

Whittingham's Left Peg
no email
Profile

Current Poll (see more polls)

Reading MotM
Suggested By: Site Staff
Wilson0%
Peltier0%
Morrison100%
Connolly0%
Richards0%
Harris0%
Ralls0%
Whittingham0%
Gunnarsson0%
Immers0%
Pilkington0%
Sub - Ecuele Manga0%
Sub - Gounongbe0%
Sub - Noone0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Huddersfield 5 4 1 0 13 4
2 Fulham 5 3 2 0 11 3
3 Barnsley 5 3 0 2 9 4
4 Newcastle 5 3 0 2 9 4
5 Q.P.R. 5 3 0 2 9 3
6 Bristol City 5 3 0 2 9 2
7 Forest 5 3 0 2 9 0
8 Brighton 5 2 2 1 8 4
9 Wolves 5 2 2 1 8 3
10 Birmingham 5 2 2 1 8 2
11 Ipswich 5 2 2 1 8 1
12 Norwich 5 2 2 1 8 1
13 Burton 5 2 1 2 7 1
14 Brentford 5 2 1 2 7 1
15 Reading 5 2 1 2 7 -3
16 Aston Villa 5 1 2 2 5 0
17 Cardiff 5 1 2 2 5 -2
18 Derby County 5 1 2 2 5 -2
19 Sheff Wed 5 1 2 2 5 -3
20 Wigan 5 1 1 3 4 0
21 Leeds Utd 5 1 1 3 4 -4
22 Rotherham 5 1 1 3 4 -9
23 Preston 5 1 0 4 3 -2
24 Blackburn 5 0 1 4 1 -8
Latest F1 News
Latest Vital Boxing News

Recent Cardiff City Results (view all)

Cardiff City Fixtures (view all)