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Page last updated at 15:47 GMT, Wednesday, 16 December 2009

Cardiff City see off winding up order by taxman

Cardiff City

Cardiff City have had a winding up order against the club dismissed by London's High Court.

The Bluebirds were taken to court three weeks ago by Her Majesty's Revenue & Customs over an undisclosed debt.

They were given 70 days to pay it off after an agreement was reached between the two parties.

But the club revealed that the debt has already been settled and the order was dismissed after a 30-second hearing on Wednesday.

"We can confirm that the High Court today formally dismissed the winding up order that had previously been brought by HMRC," said a Cardiff City statement.

"This was as a result of amicable discussions between the Club and HMRC.

"We are grateful for their co-operation and support."

It is the second financial boost in less than a week for the Bluebirds who have reached a settlement with the Langston Corporation over a £15m debt.

The club say that agreement removes the threat of any further legal action in the "foreseeable future".

Cardiff will begin paying the debt back to Langston, owned by former owner Sam Hammam, in monthly instalments, with the first payment scheduled for January 2010.

Last month Malaysian businessman Datuk Chan Tien Ghee joined the club's board, bringing in hopes of fresh investment now the legal stand-off with Langston appears to have been solved.

Meanwhile Cardiff are hoping fans can help boost their coffers for the January transfer window and help their promotion push by buying a season ticket for next season by 31 December.

Then if the club wins promotion to the Premier League, the cost of the season ticket will be refunded meaning they can watch top-flight football for free.



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see also
Cardiff 'settle' with creditors
11 Dec 09 |  Cardiff
Langston deal delights Ridsdale
11 Dec 09 |  Cardiff
Jones wants Cardiff finance boost
10 Dec 09 |  Cardiff
Cardiff cash halts winding-up bid
25 Nov 09 |  Cardiff


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