UK time is: 11:53:34
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

Choo - We Will Prioritise Our Blue Kit (Thursday December 18 2014)

Tan Clears Cardiff Debt (Thursday December 18 2014)

Mason Tears Hamstring At Bolton (Tuesday December 16 2014)

Morrison Returns To West Ham (Monday December 15 2014)

FA Cup v Colchester Selected For TV (Monday December 15 2014)

Vital Report: Bournemouth 5 Cardiff 3 (Sunday December 14 2014)

Stats: Bournemouth v Cardiff (Saturday December 13 2014)

Bournemouth v Cardiff: Team Line-Ups (Saturday December 13 2014)

Archived Cardiff City Articles

List All Vital Cardiff Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

League Results (view all)

Latest Results
Bournemouth 5 - 3 Cardiff
Cardiff 0 - 0 Rotherham
Watford 0 - 1 Cardiff
Cardiff 2 - 1 Reading
Birmingham 0 - 0 Cardiff
Bolton 3 - 0 Cardiff

League Table (view table)

Team P W D L GD Pts
8. Blackburn 21 8 7 6 1 31
9. Forest 21 7 9 5 5 30
10. Charlton 21 6 12 3 1 30
11. Cardiff 21 8 6 7 0 30
12. Wolves 21 8 6 7 -7 30
13. Sheff Wed 21 6 10 5 -1 28
14. Fulham 21 7 4 10 -8 25

Breaking League News

Rochdale v Forest FA Cup 3rd Round Tickets!
Forest : 19/12/2014 11:47:00
The 12th Man - Jingle Bells To That
Wigan : 19/12/2014 11:34:00
Rate The Ref: Blackpool away
Bournemouth : 19/12/2014 11:33:00
Howe: We have a difficult festive campaign
Bournemouth : 19/12/2014 11:04:00
Francis: Blackpool away is a banana skin
Bournemouth : 19/12/2014 10:58:00

Current Site Poll (view all polls)

Cardiff v Brentford
Suggested By:  Site Staff
Cardiff win 0%
Draw 100%
Brentford win 0%