Vital Football

Latest Cardiff City News

Cardiff City Given Another Tax Reprieve !

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.



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

Writer:Bluebirdshroom
Date:Wednesday May 5 2010
Time: 11:20AM

Comments

0
Although everything seemed OK from certain sources, i'm much happier now, only play-offs to worry about now!!!
Bonesy
05/05/2010 11:27:00
0
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
05/05/2010 11:35:00
0
..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
05/05/2010 11:41:00
Page 1/1
  1. 1

Login to post a comment

Recent Cardiff City Articles

Are Players Set For A Football Exit?

With the country narrowly voting to leave the European Union in Thursday's Referendum, there are certainly plenty of real questions that have to be addressed in terms...

Bristol Rovers Tie Set & On TV

The League Cup first round tie against Bristol Rovers has now had the date confirmed, and it's also been selected for screening by Sky Sports.

Bournemouth Prices Confirmed

Cardiff City have now confirmed the prices for the pre season friendly game against Premier League side Bournemouth.

Oshilaja Heading Back To Gillingham

Oshilaja has had two loan spells with Gillingham so far with the defender reportedly heading back to the League 1 club for a third spell.

Archived Vital Cardiff Articles

Vital Cardiff articles from

Site Journalists

Whittingham's Left Peg
no email
Profile

Current Poll (see more polls)

Birmingham MotM
Suggested By: Site Staff
Marshall3%
Peltier3%
Connolly18%
Turner9%
Malone3%
Noone3%
O'Keefe3%
Whittingham3%
Lawrence3%
Pilkington28%
Immers6%
Sub - Zohore0%
Sub - Harris0%
Sub - Ecuele Manga18%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
C Burnley 46 26 15 5 93 37
P Middlesbrough 46 26 11 9 89 32
3 Brighton 46 24 17 5 89 30
4 Hull City 46 24 11 11 83 34
5 Derby County 46 21 15 10 78 23
6 Sheff Wed 46 19 17 10 74 21
7 Ipswich 46 18 15 13 69 2
8 Cardiff 46 17 17 12 68 5
9 Brentford 46 19 8 19 65 5
10 Birmingham 46 16 15 15 63 4
11 Preston 46 15 17 14 62 0
12 Q.P.R. 46 14 18 14 60 0
13 Leeds Utd 46 14 17 15 59 -8
14 Wolves 46 14 16 16 58 -5
15 Blackburn 46 13 16 17 55 0
16 Forest 46 13 16 17 55 -4
17 Reading 46 13 13 20 52 -7
18 Bristol City 46 13 13 20 52 -17
19 Huddersfield 46 13 12 21 51 -11
20 Fulham 46 12 15 19 51 -13
21 Rotherham 46 13 10 23 49 -18
R Charlton 46 9 13 24 40 -40
R MK Dons 46 9 12 25 39 -30
R Bolton 46 5 15 26 30 -40
Latest F1 News
Latest Vital Boxing News

Recent Cardiff City Results (view all)

Cardiff City Fixtures (view all)