A demand that Cardiff City F.C. pay up an alleged 30 million pound debt immediately has been thrown out by the High Court.
The claim by Swiss-based investment company Langston Corporation will now go to a full trial at a later date.
The Bluebirds - who next month meet Barnsley in the semi-final of the F.A. Cup - have said having to pay up would put them into administration.
Administration would trigger an automatic 10-point deduction by the Football League that would move City to the relegation zone.
The club say the debt was arranged by a previous management and is not due to be paid until 2016.
See Original Article
Call us now if your business is under threat from liquidation.
Call us on: 0800 071 1616
Email us on: info@debtsgone.co.uk
Website: www.debtsgone.co.uk
Sunday, 23 March 2008
Posted by Debtsgone LTD at Sunday, March 23, 2008
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2008
(365)
-
▼
March
(31)
- Notorious ticket tout Michael Rangos was this week...
- Two weeks after Grand Slam success, WRU group chie...
- The number of IT firms going bust decreased in the...
- Adsearch (UK) Ltd invoiced local businesses in con...
- Mortgage debt in Northern Ireland is rising faster...
- THE number of people declared insolvent in Wales h...
- THE Hearts Supporters' Trust today admitted concer...
- A company that signed up businesses to advertiseme...
- A demand that Cardiff City F.C. pay up an alleged ...
- GUERNSEY, England - (Business Wire) On the 17th Ma...
- A stage school that closed weeks before students w...
- The number of people seeking advice because they w...
- Apollo Management, the American private equity gro...
- HUNDREDS of mums-to-be have been plunged into cris...
- Bear Stearns has been forced to seek emergency fun...
- In the tidal wave of comment that followed yesterd...
- A court has ruled that Whistlejacket, a structured...
- Devon-based regional contractor Web Group is expec...
- Cadbury Schweppes today announced it has secured $...
- Only a couple of days left until the Budget and th...
- Champ Car World Series sold its assets to the Indy...
- Britain's personal debt now stands at a staggering...
- A devon construction firm will be formally placed ...
- When BAA was taken over in 2006, there wasn’t much...
- A large shareholder in Allco Finance Group, the tr...
- Destiny Enterprises, a company which sold plumbing...
- The international credit crunch was threatening to...
- A FORMER Radcliffe firm has been wound up by the H...
- People who bought freehold pubs from discredited p...
- Troubled leveraged funds are likely to sell almost...
- Derby Playhouse’s board of trustees has announced ...
-
▼
March
(31)
No comments:
Post a Comment