Trio of clubs given stay of execution
Wed 10th Feb 2010 | Football Club Administration
Portsmouth, Cardiff and Southend have all been given more time to pay their debts by the High Court today.
Portsmouth have been given until 1600 GMT on 17 February to file a "statement of financial affairs" proving it will be able to pay its creditors.
Cardiff City FC have had their case adjourned for 28 days after a second winding-up order over a reported £2.7 million tax bill.
Southend have also had their case adjourned for 28 days. They are in dispute with HMRC who claim the club owes over £205,000. The club, who paid £2.5 million to HMRC earlier this season claims that it does not owe the outstanding balance.
All three clubs now face a battle to raise the funds to cover the debt and stay in business.
Fri 19th Feb 2016 | Football Club Administration
Bolton Wanderers have today confirmed the sale of its Euxton training ground to ‘another North West football club’. The Championship club have debts totalling £172.9m and are...
Fri 11th Dec 2015 | Football Club Administration
Northampton Town Football Club has confirmed that the application for administration has been officially withdrawn. Legal agreements had been reached this week between the club and Northampton Borough...
Thu 10th Dec 2015 | Football Club Administration
Bolton Wanderers have been handed a winding up petition by HMRC it’s been confirmed. The club, who are currently bottom of the SkyBet Championship, have debts of over £170m and have failed...