Cardiff have confirmed they have paid the ?1.9million owed to HM Revenue and Customs that threatened to pull the club under.
The Bluebirds fought off successive winding-up orders after a first court appearance in November 2009 and reduced the amount owed from ?2.7million at the turn of the year.
That granted them more time, which the club used to find external funding in the form of a Malaysian consortium led by Dato Chan Tien Ghee.
Their investment of ?6million has more than covered City's debt which will be confirmed in the High Court on Wednesday where the petition will be officially discharged.
Despite their financial worries, the Bluebirds came close to securing top-flight football but were denied by Blackpool in the Championship play-off final at Wembley in May.
The Bluebirds fought off successive winding-up orders after a first court appearance in November 2009 and reduced the amount owed from ?2.7million at the turn of the year.
That granted them more time, which the club used to find external funding in the form of a Malaysian consortium led by Dato Chan Tien Ghee.
Their investment of ?6million has more than covered City's debt which will be confirmed in the High Court on Wednesday where the petition will be officially discharged.
Despite their financial worries, the Bluebirds came close to securing top-flight football but were denied by Blackpool in the Championship play-off final at Wembley in May.