Farsley Celtic go into extra time
Posted by John Beech on June 30, 2009
With a surprise comeback, Celtic have manged to scrape into Administration with just hours to spare, preventing their winding-up by HMRC (1 and 2). This is not an end to their problems by any means – the debt of £200,000 to HMRC is still there.
HMRC will continue to press them. Other clubs who have faced the wrath of HMRC recently include Accrington Stanley (£300,000), Merthyr Tydfil (£7,000), Bournemouth (£300,000) and Hyde United (£200,000). Expect more close shaves, with some bad results ultimately!
John Beech said
If, like me, you were wondering how it was possible for Farsley Celtic to enter Administration before the hearing of the winding-up order brought by HMRC, it has emerged that they did not find a way to speed up voluntary Administration – in fact they were forced into Administration by another of their creditors, Coors Brewery (1). The size of the debt to Coors Brewery is not yet clear.
Farsley Celtic final result? « Football Management said
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