UK time is: 11:22:13
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

Cardiff City FC - HMRC Court Case Dropped !

Cardiff City FC were today given the welcome news that the winding-up order brought against the club has been officially thrown out after a High Court hearing this morning. Case number 22182 appeared in Court 40, before Mr Registrar Simmonds at 1030 BST and proceeded as expected after the full amount of tax debt was paid to HMRC last week.

The court case proceeded as a formality, and lawyers on behalf of HMRC officially dropped their case. However, we will have to meet the court fees and this was our fifth appearance in the High Courts.

The money has, unfortunately, had to be raised solely through foreign investment after all revenue raised via season ticket sales etc has already been used to clear historic debts raised pre- and during the Ridsdale era. AS a club we were not self-sufficient but the Malaysian investment has stabilised the finances, and a number of serious cost-cutting and streamlining procedures have been implemented already, with more planned.

While no problems were expected in the court case this morning, it is nevertheless a relief to Cardiff City fans everywhere, while the upshot is that we are no longer under a transfer embargo and will find it much easier to attract high quality players, and commercial partners without a longstanding winding-up order above us. An additional benefit is that now, fans and management alike can start to look at on-field issues, rather than having one eye permanently fixed on our off-field worries.

Well-done and thank you to the major players in solving this troublesome problem, most especially Dato Chan Tien Ghee, Vincent Tan and Steve Borley. With Gethin Jenkins newly installed as CEO and working closely with Jones, Borley and TG, we look forward to some promising new signings and the pre-season friendlies.




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:Wednesday June 16 2010

Time: 11:35AM

Your Comments

Get busy Jonesy..........
Bonesy
 

Have Your Say

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

Recent Cardiff City Articles

Yeovil 1-4 Cardiff (Monday July 28 2014)

Defender Deal Unlikely (Sunday July 27 2014)

Campbell Completes Palace Move (Friday July 25 2014)

10m Medel Offer From Galatasaray (Wednesday July 23 2014)

Medel Inching Towards Cardiff Exit (Wednesday July 23 2014)

FK Amkar Perm 3-0 Cardiff (Tuesday July 22 2014)

Caulker Departs For QPR (Tuesday July 22 2014)

Third Tour Match Details Change (Monday July 21 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

League Table (view table)

Team P W D L GD Pts
5. Bournemouth 0 0 0 0 0 0
6. Brentford 0 0 0 0 0 0
7. Brighton 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

Breaking League News

Would you like to write about Wolves?
Wolves : 28/07/2014 10:00:00
The Championship 2014/15 - Brighton
Reading : 28/07/2014 10:00:00
History of Peterborough United FC.
Charlton : 28/07/2014 09:58:00
Johnstone Deal on the Rocks
Birmingham : 28/07/2014 09:44:00
Thomas Happy With Team
Birmingham : 28/07/2014 09:30:00

Current Site Poll (view all polls)

Chelsea MotM
Suggested By:  Whitts
Marshall 37%
Fabio 4%
John 2%
Mutch 0%
Caulker 13%
Turner 4%
Daehli 26%
Whittingham 4%
Campbell 0%
Gunnarsson 2%
Bellamy 2%
Sub - Cowie 2%
Sub - Healey 2%
Sub - James 2%