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Page last updated at 22:27 GMT, Thursday, 8 July 2010 23:27 UK

Cardiff City make month's tax payment on 1.3m bill


No Cardiff panic says boss Jones

Cardiff City say the club has paid off a month of the £1.3m tax bill it owes.

However, the transfer embargo imposed by the Football League still remains as the club has yet to lodge year end accounts for May 2009.

The statement by chief executive Gethin Jenkins did not indicate whether the 11 August winding-up order at the High Court over unpaid tax remains in place.

"Cardiff City Football Club can confirm that we have paid month one of our HMRC tax bill," read Jenkins' statement.

"For the avoidance of doubt, the PAYE tax bill is a monthly issue that we continually endeavour to pay on time.

"HMRC [Her Majesty's Revenue and Customs] is currently taking a firm stance with several football clubs, not just Cardiff City as a consequence of historic issues throughout the industry.

"With regards to the embargo, the HMRC issue is currently resolved, as are several of our issues linked to football creditors, while we are currently working on the final football creditor.

"The final embargo issue was the failure of the club to lodge year end accounts for May 2009 which the new management team and directors are endeavouring to get resolved in coming days.

Obviously there are going to be challenges ahead

Cardiff chief executive Gethin Jenkins

"As stated previously, we remain committed to our overall aim of getting the club back on a solid business and financial footing from which the team can grow, but obviously there are going to be challenges ahead.

"As we are sure it is understood, we are not in a position to comment on every item of speculation, as by its very nature it is just speculation and can hinder our business operation.

"Please be assured, while we work through these challenges, the management continue to work with [team manager] Dave Jones on potential recruits.

"Once again, thank you for your understanding, patience and support."

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see also
Toshack feels for Cardiff plight
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Cardiff hit with transfer embargo
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Cardiff chairman cools fan fears
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Cardiff deny Hammam will return
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Cardiff admit late wages payment
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Cardiff postpone Malaysian tour
29 Jun 10 |  Cardiff
Court confirms Cardiff bill paid
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Cardiff 'settle' with creditors
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