Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Sheffield Wednesday face court action over unpaid VAT bill

Wed 10th Nov 2010 | Football Club Administration

Troubled club Sheffield Wednesday are facing a second winding-up order from HM Revenue and Customs over an unpaid tax bill.

The Owls are due to face a winding-up order over an unpaid PAYE tax bill of approaching £600,000 on the 17th Nov, but have now been hit with similar order over a VAT bill of around £300,000 according to the BBC..

They are expected to hear the case on 1st Dec and it is looking increasingly likely that the club could be forced into administration if talks with potential investors do not result in a takeover.

The club had been in talks with Certified Oil Rentals, who the pulled out of the deal with last week. This has left the club in a precarious position but the club remains outwardly confident it will be able to find the necessary investment to stave off administration.

Chairman Howard Wilkinson told supporters earlier this week that he and chief executive Nick Parker were working closely with the club's bankers, The Co-operative Bank, to deliver a long-term investment deal.

The club's official website reported Wilkinson as saying: "As we speak there are a number of potential investors who are in advanced negotiations with the bank and the club ... we are all very mindful of the upcoming HMRC case, and in many ways this acts as a line in the sand for all parties.

"What will ultimately happen I do not want to speculate, apart from to reaffirm there are now serious options open to us and the bank."





If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Notts County Ladies Folds Following Huge Debts

Fri 21st Apr 2017 | Football Club Administration

Notts County Ladies Football Club have folded after Alan Hardy admitted defeat in his bid to save the club which faced a near-£1million bill to stay afloat this season. The Notts County chairman...

Bolton Wanderers Sell Training Ground To Wigan

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...

Northampton Town Application For Administration Withdrawn

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...

HMRC Hands Bolton Wanderers Winding Up Petition

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...