Cardiff settle tax bill

Published Add your comment

Football News

Cardiff have confirmed they have finally paid the £1.9million owed to HM Revenue and Customs that threatened the Coca-Cola Championship club's existence.

The Bluebirds fought off successive winding-up orders following their initial appearance in court back in November, with the club at the start of this year reducing the £2.7m they originally owed in order to gain more time.

MVR - Sports New Media - Give me Football

Another court appearance on May 5 handed the Welsh outfit further breathing space to settle the tax debt after they provided evidence of external funding, and that came in the form of a Malaysian consortium led by Dato Chan Tien Ghee.

Their approved investment of around £6m at the end of last month has now meant the outstanding balance has been paid.

Cardiff are due back in the High Court next Wednesday where the petition will be officially discharged.

City came close to securing a money-spinning promotion to the Barclays Premier League while the debt was still hanging over their head, eventually losing 3-2 to Blackpool in the play-off final at Wembley on May 22.

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:

Cardiff City

Article Comments

Read more

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


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. 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