Source: Team_Talk
Bluebirds pay off part of tax debt
The South Wales outfit are believed to owe in the region of £2.7m to HMRC and were on Wednesday handed a further 28 days to pay the remaining amount after their winding-up order was adjourned by the High Court in London.[LNB]Cardiff, who are fourth in the Championship table, were facing their second order after a first was dismissed by the High Court back in December when the club agreed a payment plan that would have seen all necessary funds repaid by the end of January.[LNB]HMRC set aside today's date to go back to court if for any reason that obligation had not been fulfilled.[LNB]And a statement on the club's official website, on Wednesday afternoon read: "Cardiff City have had a winding-up order adjourned for 28 days by the High Court in London.[LNB]"During a short hearing, the court heard that the club had paid £1million to Her Majesty's Revenue and Customs in part settlement of a tax debt.[LNB]"This payment had been made on Tuesday February 9 and HMRC had no objection to the club's request for a 28-day extension to pay off the balance.[LNB]"Cardiff City chairman and chief executive Peter Ridsdale was in court to hear the decision."[LNB]The Bluebirds could face administration and a 10-point deduction should a winding-up order be made.[LNB][LNB]
