Cardiff City faces third winding-up order
10 Mar 2010, Paul Grant, AccountancyAge
http://www.accountancyage.com/aa/news/1809218/cardiff-city-winding
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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Visitor comments
lets hope so
Hope Publicity Pete - finally gets what is coming to him
MOT
Posted by: Steve Walton , 10 Mar 2010 | 00:00