Cardiff must settle tax debt by May 5th

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Cardiff have been given until May 5 to settle a tax debt to Her Majesty's Revenue and Customs in order to avoid following Chester into liquidation.

The Bluebirds appeared at a High Court hearing today with HMRC seeking to have the club wound up over unpaid bills.

Matthew Smith, representing HMRC, told Mrs Registrar Derrett that the club owed around £1.9million and were "robbing Peter to pay Paul" in order to stay afloat.

Elaine Palser, representing Cardiff, said a "third party" investor would be providing the club with £6m in funds and the tax debts would be paid.

She said the company was not insolvent and had substantial assets including £30m worth of players and the problems had been caused by "temporary cash flow difficulties".

Mrs Registrar Derrett granted the club 56 days to make a full and final settlement with HMRC.

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