BBC Sport football

IN ASSOCIATION WITH

Related BBC sites

Page last updated at 07:48 GMT, Tuesday, 6 July 2010 08:48 UK

Cardiff hit with transfer embargo due to tax trouble

Cardiff City

Cardiff City has had another transfer embargo imposed by the Football League because of continuing concerns over unpaid tax bills.

Her Majesty's Revenue and Customs has issued a winding-up order and City return to the High Court on 11 August.

That relates to an unpaid PAYE tax debt, understood to be £1.3m.

Cardiff City chief executive Gethin Jenkins says the club are confident they will pay the monies owed in the course of this week.

Jenkins says he would then expect the petition to be withdrawn.

The Cardiff chief, who joined the Bluebirds at the end of last season from Newport Gwent Dragons, said the hurdle formed part of the process of getting the club on a sound business and financial footing.

"As is normal procedure, if PAYE isn't paid then HMRC are fully entitled to lodge a petition," said Jenkins.

"Cardiff City Football Club fully expect to pay monies owed in the forthcoming week, following which the petition will naturally be withdrawn.

"This hurdle all forms part of the ongoing process of getting the club on a sound business and financial footing."

Cardiff City are no strangers to the High Court, finally seeing off a previous winding-up order in June following a £6m investment by the Malaysian consortium who have taken over the club.

The club admitted then that there had been a transfer embargo, which was then lifted - but is now re-imposed.

Players can be sold, but not signed under the terms of a transfer embargo.

The club is still believed to have debts of at least £20m and recently players' wages were delayed - although this was put down to money transfer problems.



Print Sponsor


see also
Cardiff chairman cools fan fears
02 Jul 10 |  Cardiff
Cardiff deny Hammam will return
01 Jul 10 |  Cardiff
Cardiff admit late wages payment
30 Jun 10 |  Cardiff
Cardiff postpone Malaysian tour
29 Jun 10 |  Cardiff
Court confirms Cardiff bill paid
16 Jun 10 |  Cardiff
Cardiff's 6m investment approved
27 May 10 |  Cardiff
Cardiff 'settle' with creditors
11 Dec 09 |  Cardiff
BBC Sport Wales coverage
03 Oct 11 |  Wales


related bbc links:

related internet links:
The BBC is not responsible for the content of external internet sites


BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.