Cardiff City - Cardiff City FC Pay Off TAx Bill In Full
UK time is: 05:18:02
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

Cardiff City FC Pay Off TAx Bill In Full

Cardiff City have finally settled the HMRC tax bill which saw the club appeear in court on several occasions, and being labelled as 'plainly insolvent' by the HMRC counsel. The problems started before Christmas, and we were unable to meet our obligations.

The money to pay the bill was raised through the acquisition of shares by the Malaysian consortium of investors including Dato Chan Tien Ghee and Vincent Tan. The money had been in a ringfenced club account, but was yesterday cleared by HMRC as a debt bringing the club back up-to-date with its tax and PAYE contributions. The amount paid was around 2.7m.

There was little doubt remaining that the debt would be cleared, even before the Malaysian investment was confirmed at the EGM 2 weeks ago. Nevertheless, it is good that this shadow is no longer above us, and of course means that Cardiff City FC are no longer lumbered with a transfer embargo.




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:Thursday June 10 2010

Time: 10:17AM

Your Comments

Splashing the cash on new signings soon then?
Our Kids Dad
i very much doubt there will be a big kitty seeing as we somehow must raise around 10-15m to bankroll next seasons wages and costs as all the season ticket money is spent!! can't see the malaysians who own only 30% of the club willing to pump millions upon millions into the club unless they intend to launch a full takeover bid!!
smakerzthebluebird
god dont you just wish we had some money to spend. i just heared we might have signed tom heaton on a free.NICE.
aderynglas
 

Have Your Say

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

Recent Cardiff City Articles

Slade's Top Six Hopes (Tuesday August 4 2015)

Duo Complete Moves (Tuesday August 4 2015)

South African Striker In On Loan? (Monday August 3 2015)

Le Fondre Close To Bluebirds Exit (Monday August 3 2015)

Bluebirds Win At Dean Court (Monday August 3 2015)

Marshall To West Brom? (Friday July 31 2015)

Mixed Eleven Draw At Cheltenham (Thursday July 30 2015)

Friendly - Cardiff 2-1 Watford (Wednesday July 29 2015)

Cotterill Not On Slade's List (Tuesday July 28 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

League Table (view table)

Team P W D L GD Pts
5. Brighton 0 0 0 0 0 0
6. Bristol City 0 0 0 0 0 0
7. Burnley 0 0 0 0 0 0
8. Cardiff 0 0 0 0 0 0
9. Charlton 0 0 0 0 0 0
10. Derby County 0 0 0 0 0 0
11. Forest 0 0 0 0 0 0

Cardiff City Fixtures (view all)

Breaking League News

Defender Signs
Q.P.R. : 04/08/2015 20:33:00
LUFC Dallas looking forward to fresh challenge
Leeds Utd : 04/08/2015 20:31:01
LUFC Leeds hoping for 30,000 crowd on Saturday
Leeds Utd : 04/08/2015 20:23:01
Brighton Confirm 2015-16 Squad Numbers
Brighton : 04/08/2015 20:15:00
LUFC Leeds set for cash windfall
Leeds Utd : 04/08/2015 20:02:01

Current Site Poll (view all polls)

Forest MotM
Suggested By:  Site Staff
Marshall 4%
Peltier 4%
Morrison 4%
Turner 4%
Fabio 8%
Kennedy 16%
Gunnarsson 0%
O'Keefe 0%
Ralls 0%
Mason 40%
Doyle 8%
Sub - Revell 0%
Sub - Pilkington 8%
Sub - Moore 4%