Welsh Championship club returns to High Court today over HMRC debt
Accountancy Age, 10 Mar 2010
Cardiff City returns to the High Court today to fight off a third winding-up order brought by HMRC.
The Welsh football club still owes the taxman over £1.75m, having had two previous orders adjourned after paying off £1m of its overall tax debt. The Championship club hopes to pay off the rest by selling two plots of land around the stadium for £1.8m, reports the BBC.
Administration, however, and a 10-point deduction for the play-off hopefuls, remains possibility.
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