Football

Cardiff avoid winding-up order

Published Add your comment

Football News
24/7

Cardiff have avoided the threat of a winding-up order after a court hearing on Wednesday afternoon.

The Bluebirds owe an undisclosed debt to Her Majesty's Revenue and Customs but insist the payments are on schedule and that the club remains on a sound financial footing.

A statement on the club's official website read: "Cardiff City Football Club have a payment schedule in place with HRMC, and there is no prospect of the club being wound up."

It continued: "This payment schedule was agreed with HRMC some time ahead of the court hearing.

"Cardiff City have every confidence in their future financial stability and fully expect to be in a position to make further investment in its playing squad in the January transfer window."

The new comes on the same day the club appointed Malaysian tycoon Dato Chan Thien Ghee onto the board.

Copyright (c) PA Sport 2009, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: http://gms.to/writeforgms

Topics:
Football
Championship
Cardiff City

Article Comments

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author

DISCLAIMER

This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of GiveMeSport.com or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. GiveMeSport.com and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again