UK time is: 11:52:42
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

Vital Report: Port Vale 2 Cardiff 3 (Wednesday August 27 2014)

Stats: Port Vale v Cardiff (Tuesday August 26 2014)

Vital Preview: Port Vale v Cardiff (Tuesday August 26 2014)

Rotation Continues For Ole (Monday August 25 2014)

Ole - Wolves Deserved It - Sort Of (Sunday August 24 2014)

Vital Report: Wolves 1 Cardiff 0 (Sunday August 24 2014)

Stats: Wolves v Cardiff (Saturday August 23 2014)

Vital Preview: Wolves v Cardiff (Friday August 22 2014)

A Bad Day To Be Blue (Thursday August 21 2014)

Unbeaten Start Delights Ole (Wednesday August 20 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

Vital Members League (view all)

League Results (view all)

Latest Results
Wolves 1 - 0 Cardiff
Cardiff 3 - 1 Huddersfield
Cardiff 1 - 0 Wigan
Blackburn 1 - 1 Cardiff

League Table (view table)

Team P W D L GD Pts
5. Charlton 4 2 2 0 2 8
6. Sheff Wed 4 2 2 0 2 8
7. Derby County 4 2 1 1 4 7
8. Cardiff 4 2 1 1 2 7
9. Millwall 4 2 1 1 2 7
10. Blackburn 4 2 1 1 0 7
11. Bournemouth 4 2 0 2 3 6

Breaking League News

Bees 0-1 Fulham
Brentford : 27/08/2014 11:51:00
RUFC - Sadler Injury
Rotherham : 27/08/2014 11:46:00
RUFC - Rayns 'We Gave A Good Account Of Ourselves'
Rotherham : 27/08/2014 11:43:00
Narrow Loss To Swans Sees Millers Out Of Cup
Rotherham : 27/08/2014 11:06:00
Odjidja-Ofoe Heads To Norwich
Norwich : 27/08/2014 10:56:00

Current Site Poll (view all polls)

League Cup - Port Vale
Suggested By:  Site Staff
Moore 0%
Barnum-Bobb 0%
John 0%
Ralls 0%
Oshilaja 0%
Torres Ruiz 0%
Wolff Eikrem 0%
Kim Bo-Kyung 0%
Javi Guerra 0%
Macheda 100%
Dikgacoi 0%
Sub:-Burgstaller 0%
Sub:-Harris 0%
Sub:-Velikonja 0%