Cardiff City Future Still In The Balance
After a much needed win for Cardiff away at play-off rivals Coventry Citylast Tuesday night, it has emerged that the Cardiff City Supporters Club and Trust fear Adam Frazier Jersey that the club will go into administration by theend of the month unle s the club can find an investor.But the Bluebirds keep fighting onThe club owe the HMRC 1.9m, a fee that must be paid by May 5th. The clubs is looking for investment and are currently in talks with a malaysian party who have stated that they will invest within the club. The malaysian party did inject 250,000 into the club last November and there is a strong po sibilty that they will invest again sometime soon.The club are also hoping to sell some plots of land around the Cardiff City Stadium, which could raise up to 2.25m which would pay off the tax bill.Fans are still angry Guillermo Heredia Jersey of how things have come about, it was only in December last year that the Cardiff City chairman Peter Risdale i sued a Golden Ticket scheme, which allowed fans to buy next seasons season ticket on the knowledge that the money raised from that would be put towards the transfer fund for the January transfer window. Instead the money was put towards paying off debts that the club owed, something the fans Willie Stargell Jersey reacted to by organisingprotests calling for Risdale to walk away from the club.On the pitch it has been a relatively succe sful season for the bluebirds, despite the poor run Lonnie Chisenhall Jersey of form lately, Cardiff currently hold the last play-off position in the Championship. If the tax debt is unpaid then Cardiff would be placed into administration meaning a 10 point deduction. This would be a ma sive blow and all but end Cardiffs play-off hopes for this season.These next few weeks could be make or break for Cardiff, if the team can continue to hold their play-off spot and sort the finiacial situation out then it could turn into a potentially succe sful season, perhaps a promotion party at the end of it??But if the finiacial situation is failed to be sorted out by the deadline then all the hard work on the pitch could be all for nothing. What will worry City fans is that Portsmouth Tyler Glasnow Jersey were deducted points just recently and Chester City were expelled from the Conference, it just shows that there isnt always a fairytale ending and that Cardiff could be the next club to suffer at the hands of the HMRC.