Cardiff City - Cardiff City Given Another Tax Reprieve !
UK time is: 21:18:09
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Cardiff City Given Another Tax Reprieve !

Cardiff City were due in court today and have won a further extension to pay the 2m tax debt to HMRC, despite the previous hearing bacjk in March declaring today's hearing to be 'final'. The Bluebirds now have until 16th June to settle in full.

However, at that hearing the Bluebirds were described as 'plainly insolvent', but won the reprieve thanks to strong interest from Malaysian businessman Dato Chan Tien Ghee. The mooted investment moved a step closer last week when key documentation was signed during TG's visit to the UK.

A deal to secure 5m investment from the far east is yet to be ratified by the shareholders though an EGM has been called wo allow the share purchase and allocation of further shares to be accepted. TG and his legal team have been in regular contact with HMRC to discuss the debts and have assured the court that the takeover is imminent and that funds have been set aside to pay off the debt in full as a matter of priority.

TG met Dave Jones and the players to outline the security he and his group are providing to the club and the further extension to pay off the debts is further proof we are finally moving in the right direction.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



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

The Journalist

Writer: Bluebirdshroom Mail feedback, articles or suggestions

Date:Wednesday May 5 2010

Time: 11:20AM

Your Comments

Although everything seemed OK from certain sources, i'm much happier now, only play-offs to worry about now!!!
Bonesy
Absolutely mate, was still a dark shadow over the shoulder - imagine Swansea got in the play-offs cos we were kicked out! TG sounds like an excellent owner, barely a quote in public, sensible with money and seemingly very very astute
bluebirdshroom
..yes, a 10 point deduction and the Jacks nicking our play-off place was the absolute nightmare scenario .. now all of us - manager, players, and fans - can relax into getting ready to do our very best in the play-offs
gtsutton
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Cardiff City Articles

Trio Of Defenders Linked (Friday May 29 2015)

Cardiff - FSF's May Newsletter (Friday May 29 2015)

Cardiff Know 2015-16 Opponents (Monday May 25 2015)

Honduran Striker Linked (Monday May 25 2015)

Moore A Wanted Man (Sunday May 24 2015)

Hands Off Whitts & Mason (Tuesday May 19 2015)

Marshall Gets Scotland Call Up (Tuesday May 19 2015)

Mason Linked With Wolves (Monday May 18 2015)

Archived Cardiff City Articles

List All Vital Cardiff Articles
Have your say
Click here to suggest an article
Click here to suggest a poll
ScoopDragon Publishing Entire League Network of Sites

League Results (view all)

Latest Results
Forest 1 - 2 Cardiff
Cardiff 3 - 2 Blackpool
Cardiff 0 - 0 Millwall
Ipswich 3 - 1 Cardiff
Leeds Utd 1 - 2 Cardiff
Cardiff 0 - 3 Bolton

League Table (view table)

Team P W D L GD Pts
8. Derby County 46 21 14 11 29 77
9. Blackburn 46 17 16 13 7 67
10. Birmingham 46 16 15 15 -10 63
11. Cardiff 46 16 14 16 -4 62
12. Charlton 46 14 18 14 -6 60
13. Sheff Wed 46 14 18 14 -6 60
14. Forest 46 15 14 17 2 59

Breaking League News

Audio - Lee Bullen On Wednesday's Playoff Victory
Sheff Wed : 29/05/2015 20:00:00
Owls in Playoffs 10th Anniversary - Exclusive Fan Story
Sheff Wed : 29/05/2015 19:00:01
LUFC Bamba could still make permanent Leeds switch
Leeds Utd : 29/05/2015 19:00:00
Trio Of Defenders Linked
Cardiff : 29/05/2015 18:46:01
Competition For Halford
Brighton : 29/05/2015 18:06:00

Current Site Poll (view all polls)

Forest MotM
Suggested By:  Site Staff
Marshall 12%
Peltier 11%
Morrison 0%
Turner 0%
Fabio 11%
Kennedy 11%
Gunnarsson 0%
O'Keefe 0%
Ralls 0%
Mason 44%
Doyle 11%
Sub - Revell 0%
Sub - Pilkington 0%
Sub - Moore 0%