MACCLESFIELD TOWN HAVE been wound up after a judge was told the football club owe more than £500,000 (€545,000).
Judge Sebastian Prentis made a winding up order at a virtual hearing in the specialist Insolvency and Companies Court today.
He was told the club owe nearly £190,000 (€207,000) in tax and more than £170,000 (€185,000) to two other creditors.
Lawyers representing HM Revenue and Customs had applied for a winding up order.
The judge said he could see nothing which gave him “any comfort” that the club can pay the debts.
He was overseeing the latest in a series of hearings.
Macclesfield have recently been relegated from the fourth tier of league football into non-league football.
They were relegated after being docked points for breaches of regulations relating to non-payment of wages and dropping to the bottom of League Two.
As a result, former Ireland international Mark Kennedy quit as manager last month.
The42 is on Instagram! Tap the button below on your phone to follow us!
To embed this post, copy the code below on your site
600px wide <iframe width="600" height="460" frameborder="0" style="border:0px;" src="https://www.the42.ie/https://www.the42.ie/macclesfield-town-wound-up-debts-5206162-Sep2020/?embedpost=5206162&width=600&height=460" ></iframe>
400px wide <iframe width="600" height="460" frameborder="0" style="border:0px;" src="https://www.the42.ie/https://www.the42.ie/macclesfield-town-wound-up-debts-5206162-Sep2020/?embedpost=5206162&width=400&height=460" ></iframe>
300px wide <iframe width="600" height="460" frameborder="0" style="border:0px;" src="https://www.the42.ie/https://www.the42.ie/macclesfield-town-wound-up-debts-5206162-Sep2020/?embedpost=5206162&width=300&height=460" ></iframe>
Access to the comments facility has been disabled for this user
Create an email alert based on the current article
Macclesfield Town wound up due to debts of over €500k
MACCLESFIELD TOWN HAVE been wound up after a judge was told the football club owe more than £500,000 (€545,000).
Judge Sebastian Prentis made a winding up order at a virtual hearing in the specialist Insolvency and Companies Court today.
He was told the club owe nearly £190,000 (€207,000) in tax and more than £170,000 (€185,000) to two other creditors.
Lawyers representing HM Revenue and Customs had applied for a winding up order.
The judge said he could see nothing which gave him “any comfort” that the club can pay the debts.
He was overseeing the latest in a series of hearings.
Macclesfield have recently been relegated from the fourth tier of league football into non-league football.
They were relegated after being docked points for breaches of regulations relating to non-payment of wages and dropping to the bottom of League Two.
As a result, former Ireland international Mark Kennedy quit as manager last month.
The42 is on Instagram! Tap the button below on your phone to follow us!
To embed this post, copy the code below on your site
Financial Crisis Macclesfield Town wound up