Cardiff City - Cardiff City FC Pay Off TAx Bill In Full
UK time is: 09:15:32
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.

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!!
god dont you just wish we had some money to spend. i just heared we might have signed tom heaton on a free.NICE.

Have Your Say

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

Recent Cardiff City Articles

Devastation For Slade (Monday November 30 2015)

Vital Report - Cardiff 2-2 Burnley (Monday November 30 2015)

Video - Burnley Highlights (h) (Sunday November 29 2015)

Stats: Cardiff v Burnley (Saturday November 28 2015)

Cardiff v Burnley - Teamsheets! (Saturday November 28 2015)

Vital Preview - Cardiff v Burnley (Friday November 27 2015)

Crewe Loan Spell For Ajayi (Thursday November 26 2015)

Match Day Officials v Burnley (Thursday November 26 2015)

Slade - Best Team Won (Monday November 23 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
Cardiff 2 - 2 Burnley
Derby County 2 - 0 Cardiff
Cardiff 0 - 0 Bristol City
Cardiff 2 - 0 Reading
Leeds Utd 1 - 0 Cardiff
Ipswich 0 - 0 Cardiff

League Table (view table)

Team P W D L GD Pts
7. Ipswich 18 7 7 4 3 28
8. Sheff Wed 18 7 7 4 3 28
9. Reading 18 7 6 5 5 27
10. Cardiff 18 6 8 4 3 26
11. Brentford 18 7 4 7 -1 25
12. Q.P.R. 18 6 5 7 -2 23
13. Fulham 18 5 7 6 1 22

Cardiff City Fixtures (view all)

Breaking League News

RUFC - Quick Championship Round-Up
Rotherham : 01/12/2015 08:50:00
March In Team Of The Week
Brighton : 01/12/2015 08:45:01
Butterfield In Team Of The Week
Derby County : 01/12/2015 08:44:00
Jackett continues to be linked to QPR job
Wolves : 01/12/2015 08:43:01
League Cup Preview - Manchester City v Hull
Hull City : 01/12/2015 07:46:00

Current Site Poll (view all polls)

Burnley MotM
Suggested By:  Site Staff
Marshall 0%
Peltier 20%
Morrison 0%
Connolly 20%
Malone 0%
Noone 0%
Gunnarsson 0%
Ralls 20%
Whittingham 20%
Watt 0%
Jones 20%
Sub - Mason 0%
Sub - O'Keefe 0%
Sub - Macheda 0%