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 8 weeks to pay tax bill 
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 Post subject: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 12:13 pm 
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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 12:17 pm 
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I`m sick of it all now,we just seem to be lurching from one deadline day to another,how many more deadline days do we get before they finally say enough is enough and pull the plug.


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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 12:35 pm 
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i think it needs to be put to the back of the fans mind and the players and support the team and do the club proud.
8 weeks is a long time and our future will be decided in more ways than one on the last game of the season

the board are responsible for the business so they should be working flat out to resolve this.

as fans i beleive we can do no more


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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 12:41 pm 
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We have paid some more off at least.

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 12:44 pm 
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How much? do anybody know? :?


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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 12:46 pm 
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cliffordjones1947 wrote:
How much? do anybody know? :?


850,000 paid yesterday. Malaysian Barrister with 6m to put into the club meeting with the board on 18th March?


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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 12:49 pm 
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Apparently PR has said 6m will be invested on 18th March by Malaysians.
Something still doesnt add up to me :?

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 12:54 pm 
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we need to go into admin March 25th to take the deduction this season. after that its next season


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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 1:15 pm 
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Knew the administrration deadline was before the end of March. Thanks for the info. Definitely, let's go into administration over the next few weeks, we'll still be in teh Champioship next season, with a cahnce of staying up beyond thaat. If we delay it, start with minus ten points and no decent players next season we face almost certain relegation. Administration, NOW! You know it makes sense.


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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 1:17 pm 
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HMRC didnt believe the club about the investment and asked for proof which we couldnt provide.

We still owe just under 2m according to SSN

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 1:22 pm 
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updated....

We have 30m worth of playing assets :shock:

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 1:25 pm 
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i will gladly take admin now to make sure the club is still there next season


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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 1:27 pm 
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We wont get wound up, the club would put us into administration before that.

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 1:46 pm 
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2blue2handle wrote:
We wont get wound up, the club would put us into administration before that.


who mentioned wound up ?


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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 1:55 pm 
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i will gladly take admin now to make sure the club is still there next season


Quote:
who mentioned wound up ?


Why would we not have a club next season unless we were wound up?

I seen no benefits on the club entering into admin today.

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 1:59 pm 
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you missed my point as being id take admin to being wound up. as for admin why not ? lose 10 points this season as opposed to next season. im sure we will stay up even with the deduction and start again with little debt, whilst im not sure if we would have to sell/offload our star players.
this would put an end to it :lol:


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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 2:05 pm 
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I dont see the point in placing the club in admin now when we have a few weeks before the deadline over the deducted points for this season.
If TG is really investing 6m then maybe we may not have to and still have a chance of going up.

Also alot of small business could also go out of business without the money we owe them, its hardly a great PR for the club and would leave a very bitter taste and feeling from businesses around Cardiff.

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 2:10 pm 
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Lied yet again too, we were told the 1.7 million land deal were to pay off the tax man, yet we still haven't paid it.

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 2:13 pm 
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2blue2handle wrote:
Apparently PR has said 6m will be invested on 18th March by Malaysians.
Something still doesnt add up to me :?



Source? you believe that c..t!

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 2:13 pm 
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canton blue wrote:
Lied yet again too, we were told the 1.7 million land deal were to pay off the tax man, yet we still haven't paid it.


It's more because of PAYE and takes into account last,this and next months payments.

Just like paying your mortgage, we wont be the only club going through this. Will be even more soon and at least we should be through the worst of it.


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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 2:17 pm 
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barmyarmy58 wrote:
canton blue wrote:
Lied yet again too, we were told the 1.7 million land deal were to pay off the tax man, yet we still haven't paid it.


It's more because of PAYE and takes into account last,this and next months payments.

Just like paying your mortgage, we wont be the only club going through this. Will be even more soon and at least we should be through the worst of it.



What about April, May, June and so on?

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 2:20 pm 
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Quote:
Apparently PR has said 6m will be invested on 18th March by Malaysians.
Something still doesnt add up to me


Quote:
Source?

SSN - although that is from PR

Quote:
you believe that c..t!


Key word "Apparently" I would say.
and I dont particularly believe PR no and thats why I said "something still doesnt add up??"

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 2:25 pm 
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Mind you if Annis and his army decide to march again we could lose that investor, like we lost the last two, according to the Riddler.

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 2:26 pm 
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I dont see how it would make an effect either way, then again ive not heard PR blame the fans or protest.

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 2:51 pm 
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Most important thing is to wait. For all we know, we could go on another decent run and managed to sneak ourselves into the Premiership then all the financial worries would be behind us. If we take the -10 points now, we will have NO chance of getting there.

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 3:25 pm 
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I cant believe that anyone can still believe what comes out of PR's mouth

This is the guy that has said in a meeting at the Muni that alot of money was invested in the club by the malaysians and indicated it was in the millions - He also stated that the tax bill was paid

He came outwith the Golden Ticket Scheme - Load of Crap - More Lies

He then stated that the season ticket money would be used to pay the tax bill - Nope it wasnt

He then claimed that the money from the Chelsea game and the land sale would be used to pay the tax bill - More lies

We have only paid 850,000 so what has happened to the rest of the money

Robbing Peter to pay Paul (Or should it be the other way round for a completion bonus on a stadium that clearly is not finished) in any business has disaster written all over it.

There is so much more I could put but ist not just worth the time of day - He is gambling on promotion that is not going to happen

Admin now clear out the crap and rebuild and make it run like a profitable business


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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 3:44 pm 
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Dobbin wrote:
I cant believe that anyone can still believe what comes out of PR's mouth
He came outwith the Golden Ticket Scheme - Load of Crap - More Lies


No he didn't! It was Dave Jones that came up with it and Ridders gave it the go ahead!

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 3:57 pm 
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I thought PR came up with the season ticket idea of (5 year price freeze) & then DJ came up with the free premier league football / money back if we get promotion idea...

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 4:12 pm 
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Bluebird99 wrote:
Dobbin wrote:
I cant believe that anyone can still believe what comes out of PR's mouth
He came outwith the Golden Ticket Scheme - Load of Crap - More Lies


No he didn't! It was Dave Jones that came up with it and Ridders gave it the go ahead!


Re read the sentance !

So who came out with it then ? - There is a difference between coming up with an idea and coming out with an idea !!

I dont know how you can defend this man !!


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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 4:13 pm 
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Dobbin wrote:
This is the guy that has said in a meeting at the Muni that alot of money was invested in the club by the malaysians and indicated it was in the millions - He also stated that the tax bill was paid


For 'some reason' the investment did not come though, conspiracies range from misplaced forms too Malaysian's didn't want to deal with PR with no fact either way

Quote:
He came outwith the Golden Ticket Scheme - Load of Crap - More Lies


Deceitful, naive etc yes all very bad while under embargo.

Quote:
He then stated that the season ticket money would be used to pay the tax bill - Nope it wasnt


not positive of that source?

Quote:
He then claimed that the money from the Chelsea game and the land sale would be used to pay the tax bill - More lies


It uhh was? £850,000 was paid (by) today. That'd be about what was earned.

Quote:
Admin now clear out the crap and rebuild and make it run like a profitable business


Lot's of people would suffer from that, small businesses etc club may still get relegated. Why people would want this until it is our only option i'll never know.

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 4:27 pm 
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RobinFridaysMagicHat wrote:
Dobbin wrote:
This is the guy that has said in a meeting at the Muni that alot of money was invested in the club by the malaysians and indicated it was in the millions - He also stated that the tax bill was paid


For 'some reason' the investment did not come though, conspiracies range from misplaced forms too Malaysian's didn't want to deal with PR with no fact either way

So why come out and say it - In business surely you should learn to keep your mouth shut until the deal is done - Do you honestly believe the six million is coming on this track record ?
Quote:
He came outwith the Golden Ticket Scheme - Load of Crap - More Lies


Deceitful, naive etc yes all very bad while under embargo.

Say No More - This is the gunning round a multi million pound football club -In your words deceitful, naive - NO not a business man of his standing !
Quote:
He then stated that the season ticket money would be used to pay the tax bill - Nope it wasnt


not positive of that source?

If I remember corrrectly he stated it on the programme on tele
Quote:
He then claimed that the money from the Chelsea game and the land sale would be used to pay the tax bill - More lies


It uhh was? £850,000 was paid (by) today. That'd be about what was earned.

Pay the tax bill means pay the tax bill not half of it not a third of it - the whole of it - what happens if they had not got a stay of execution

Quote:
Admin now clear out the crap and rebuild and make it run like a profitable business


Lot's of people would suffer from that, small businesses etc club may still get relegated. Why people would want this until it is our only option i'll never know.


Yes small business will suffer but then if he had managed the finaces correctly - we would not be in the boat - spending above our means Fowler, Hasselbank and Sinclair wages of 50 k per week total minimum 50k x 52 weeks 2.6 million

This is not fantasy football


Last edited by Dobbin on Wed Mar 10, 2010 4:32 pm, edited 1 time in total.

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 4:31 pm 
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Yes small business will suffer but then if he had managed the finaces correctly - we would not be in the boat - spending above our means Fowler, Hasselbank and Sinclair wages of 50 k per week total minimum 50k x 52 weeks 2.6 million

This is not fantasy football


Didnt we cover that with player sales?
My understanding was these debts are from the stadium going over budget (how PR got a bonus for that i dont know)

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 4:36 pm 
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Dobbin wrote:
Quote:
He then claimed that the money from the Chelsea game and the land sale would be used to pay the tax bill - More lies


It uhh was? £850,000 was paid (by) today. That'd be about what was earned.

Pay the tax bill means pay the tax bill not half of it not a third of it - the whole of it - what happens if they had not got a stay of execution


I meant the £850,000 was the Chelsea money. The land sale hasn't been completed yet.

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 4:38 pm 
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2blue2handle wrote:
Quote:
Yes small business will suffer but then if he had managed the finaces correctly - we would not be in the boat - spending above our means Fowler, Hasselbank and Sinclair wages of 50 k per week total minimum 50k x 52 weeks 2.6 million

This is not fantasy football


Didnt we cover that with player sales?
My understanding was these debts are from the stadium going over budget (how PR got a bonus for that i dont know)



Yes stadium over budget by 7 Million on a stadium that everyone was led to believe had a fixed price on it !

Those three players were an example of why this club is they way it is - You could say about chopra, bothroyd or even feeney for the wages for sitting on the bencH


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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 4:42 pm 
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Yeah no doubt our wage structure is to high, the club expected to sell more than just Parry and Roger but they really should be selling before they buy....

I just cant get my head around the fact PMG are supposed to have had the 1.8m for the hotel land written off the money we owe them.
It seems wrong in so many ways to me considering all that is going on.

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 4:45 pm 
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RobinFridaysMagicHat wrote:
Dobbin wrote:
Quote:
He then claimed that the money from the Chelsea game and the land sale would be used to pay the tax bill - More lies


It uhh was? £850,000 was paid (by) today. That'd be about what was earned.

Pay the tax bill means pay the tax bill not half of it not a third of it - the whole of it - what happens if they had not got a stay of execution


I meant the £850,000 was the Chelsea money. The land sale hasn't been completed yet.



Land sale money is going off the debt of PMG and Steve Borley - Not to the club - Dont forget the players that are mortgaged to PMG

Do we have any assets left


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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 6:05 pm 
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Bluebird99 wrote:
Most important thing is to wait. For all we know, we could go on another decent run and managed to sneak ourselves into the Premiership then all the financial worries would be behind us. If we take the -10 points now, we will have NO chance of getting there.

that is exactly the reason that PR has failed in the past. risky gambles on future earnings when failure would mean financial meltdown. what you have just posted is exactly what goes on in ridsdales head.


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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 6:17 pm 
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Forget the landsale money. We got 8 weeks to find a wealthy investor, or Cardiff City are back in the doldrums. We will be relegated to league 1 and with all our "saleable" players gone over the summer, will be left with free transfer rejects and youth team players to try and stave off relegation to League 2. :o


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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 6:28 pm 
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marky wrote:
Forget the landsale money. We got 8 weeks to find a wealthy investor, or Cardiff City are back in the doldrums. We will be relegated to league 1 and with all our "saleable" players gone over the summer, will be left with free transfer rejects and youth team players to try and stave off relegation to League 2. :o



Are we Chester in disguise 8-) :lol:

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 6:29 pm 
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admistration does not make sense for the following reasons:
1. your assets (players) would be disposed of at a price an administrator thought appropriate.
2. how many staff would he make redundant? it was 85 at portsmouth today.
3. yes, we are still in with a chance of promotion via the play-offs. so keep the faith
4. how much money would any potential investor put into this club knowing that we have used the administration ticket?


Last edited by davewebber65 on Wed Mar 10, 2010 8:05 pm, edited 1 time in total.

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 7:21 pm 
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davewebber65 wrote:
admistration does not make sense for thr following reasons:
1. your assets (players) would be disposed of at a price an administrator thought appropriate.
2. how many staff would he make redundant? it was 85 at portsmouth today.
3. yes, we are still in with a chance of promotion via the play-offs. so keep the faith
4. how much money would any potential investor put into this club knowing that we have used the administration ticket?


1)Unfortunate, but it happens
2)Loads, and as at Pompey all the low earners.
3)Come March 24th we might be further down and it would be a better option
4)What sort of sane investor is going to pay off £30 million of debt AND buy the club outright?


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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 7:25 pm 
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Is this more b*****ks from PR or will there be investment...??

Cardiff representative, Elaine Palser, argued the club was solvent and that an Asian businessman, who has already invested £500,000 into the club, "has indicated he will give it £6million".

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 7:44 pm 
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bluebirds1973 wrote:
Is this more b*****ks from PR or will there be investment...??

Cardiff representative, Elaine Palser, argued the club was solvent and that an Asian businessman, who has already invested £500,000 into the club, "has indicated he will give it £6million".


Has indicated. Just indicated in way that was, you know, unable to be presented to the court, mail, fax, email...


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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 8:57 pm 
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The stadium was 21 million over as the final cost mentioned at the EGM was 61 million.

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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Wed Mar 10, 2010 10:35 pm 
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We have to pay £1.9 million, it was down to 800k, but something to do with VAT not being payed etc.


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 Post subject: Re: 8 weeks to pay tax bill
PostPosted: Thu Mar 11, 2010 8:19 am 
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Joined: Wed Jul 01, 2009 4:24 pm
Posts: 47
bbbounce wrote:
We have to pay £1.9 million, it was down to 800k, but something to do with VAT not being payed etc.


No, it was almost certainly PAYE/NI. Which is quarterly. We'd partially paid the older debt by using money that should have paid the newer debt... hence HMRC wanting both in full.


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