Cardiff City chief executive Gethin Jenkins has spoken on the subject of the debt to the taxman. He has informed the fans that the first monthly payment on the £1.3m tax debt owed to HMRC as been paid. However the club still has a transfer embargo in place which is down to the club not lodging end of year accounts for May 2009.
It is unfortunately about the transfer embargo, it has not stopped boss Dave Jones doing some business, but lining up a player or two is no good when will need them playing. Maybe we will have some good news in a few days.
The full statement
“As anticipated at the beginning of the week Cardiff City Football Club can confirm that we have paid moth one of our HMRC tax bill.
“For the avoidance of doubt the PAYE tax bill is a monthly issue that we continually 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 endeavoring to get resolved in coming days.'
“As stated previously, we remain committed to our overall aim to getting the club back on a soiled business and financial footing from which the team can grow, but obviously there are going to 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.
“Once again, thank you for your understanding, patience and support.”
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