Cardiff given green light to sell land

Cardiff City - Cash-strapped club given permission to sell sell land

By GMF Editor  February 24, 2010
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Land sale for cash strapped Cardiff. (©PAphotos)


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Spokesman
The resolution was passed at an extraordinary general meeting
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Cardiff have been given the green light by shareholders to sell land in an effort to save the troubled club.

The Coca-Cola Championship club owe money to Her Majesty's Revenue and Customs and are due back in the High Court on March 10 to face a winding-up order. The sale of land at the Cardiff City Stadium, which will be used for a new sports complex, will provide a boost to Cardiff's financial worries.

A club spokesman said: "The resolution was passed at an extraordinary general meeting. The club has the approval of the shareholders to go ahead with the sale of some land."



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