Arms Park rent set to be settled

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Cardiff Blues are set to avoid any possibility of a winding up order by settling the debts on the rent for the Arms Park this week.

Ground owners, and major shareholder of Cardiff Blues Ltd, Cardiff Athletic Club issued a statutory demand for payment last week, with the outstanding balance believed to be somewhere in the region of £150,000-£200,000.

They were initially informed in February that they were some way down the list of creditors, leading to a proposal being put forward at the CAC AGM in regards to how to deal with the unpaid rent.

This was voted through by the membership, although the exact wording of the proposal is disputed as CAC have subsequently stated it included a deadline of the end of May 2019 for payment, while this was not believed to have been mentioned at the meeting.

However, CAC did make the statutory demand last week, after an administration error and a failed payment plan was offered by Cardiff Blues Ltd, leaving CBL with 21 days to pay or face a winding up order.

That money will now be paid this week, averting any immediate threat to the professional rugby team, although leaving the relationship between them and CAC somewhat up in the air.

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