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

Best of Vital Network

Vital Boxing - Ingle Talks Brook

Recent Cardiff City Articles

Cardiff Interested In Charlton Winger?

Rumoured interest from clubs at our level in Charlton's ex-Barnet, Portsmouth & Northampton winger Holmes has been claimed, including that of Cardiff, Sheffield Wednesday and United?

FA Boosts Cheating Powers for 2017/18

The Football Association announced earlier today that they have extended their powers when it comes to punishing retrospective simulation.

Potential Championship Make Up 2017/18 (15/5/17)

With only the Play Offs remaining in the 2016/17 campaign, some promotions and relegations in the football pyramid are already known.

Legend Bellamy Steps Up At Cardiff

Former Liverpool, Cardiff and Wales forward Craig Bellamy's road to eventually one day becoming Cardiff boss will continue as he will be in charge of the U18 side next season.

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:
Murphy1%
Peltier0%
Connolly0%
Morrison0%
Richards33%
Gunnarsson0%
Ralls0%
Bennett0%
Pilkington0%
Zohore66%
Hoilett0%
Sub-Whittingham0%
Sub-M Harris0%
Sub-Lambert0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
C Newcastle 46 29 7 10 94 45
P Brighton 46 28 9 9 93 34
3 Reading 46 26 7 13 85 4
4 Sheff Wed 46 24 9 13 81 15
5 Huddersfield 46 25 6 15 81 -2
6 Fulham 46 22 14 10 80 28
7 Leeds Utd 46 22 9 15 75 14
8 Norwich 46 20 10 16 70 16
9 Derby County 46 18 13 15 67 4
10 Brentford 46 18 10 18 64 10
11 Preston 46 16 14 16 62 1
12 Cardiff 46 17 11 18 62 -1
13 Aston Villa 46 16 14 16 62 -1
14 Barnsley 46 15 13 18 58 -3
15 Wolves 46 16 10 20 58 -4
16 Ipswich 46 13 16 17 55 -10
17 Bristol City 46 15 9 22 54 -6
18 Q.P.R. 46 15 8 23 53 -14
19 Birmingham 46 13 14 19 53 -19
20 Burton 46 13 13 20 52 -14
21 Forest 46 14 9 23 51 -10
R Blackburn 46 12 15 19 51 -12
R Wigan 46 10 12 24 42 -17
R Rotherham 46 5 8 33 23 -58
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

Recent Cardiff City Results (view all)

Cardiff City Fixtures (view all)

The Vital Football Members League