Source: FOOTYMAD
Club statement on tax bills and finances
CEO Gethin Jenkins has stated that Cardiff City are paying their tax bills and and are still in the process of getting the financial affairs of the club on a firm footing. The club has been under a transfer embargo but Jenkins says it's because of the late filing of club accounts rather than non payment of taxes.Jenkins also touches on the speculation that seems to follow Cardiff City on an almost daily basis and the possible affect it could have on the club. Problems and issues seem to be made public before the club have had chance to deal with them and it's not helping the overall effort. Dave Jones has also said about the amount of speculation flying around. An interview with Dave Jones can be found here, he was speaking before last night's friendly at Bath City and says he's told everything is in hand as the club prepare for the new seasonThe official statement from the club reads:"As anticipated at the beginning of the week, Cardiff City Football Club can confirm that we have paid month one of our HMRC tax bill. "For the avoidance of doubt, the PAYE tax bill is a monthly issue that we continually endeavour to pay on time. HMRC is currently taking a firm stance with several football clubs, not just Cardiff City Football 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. "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 Dave Jones on potential recruits."
