Chester City and Notts County
Posted by John Beech on January 27, 2010
It was adjournments all round for the two clubs who faced winding-up petitions from HMRC in court today.
Notts County, supposedly about to receive £5m investement from an as yet unnamed source, got a 28 day extension (1). HMRC agreed to this, but subject to the fact that in 28 days the hearing will be considered final; if the club has not got the money, it will mean liquidation (2). This does at least allow the mystery investor to complete due diligence, but the future of the club hangs on that being successful.
Notts County owe HMRC almost £325,000, and were also faced in court by Marston’s, the brewers, who are owed £95,000. Marston’s were against an adjournment, dismissing the talk of new investment as ‘rumour’. A close shave then.
Chester City owe £26,000 to HMRC and managed to get a 42 days adjournment until 10th March (3). In spite of all the talk by Morrell Maison, I fear that a new owner may not be forthcoming, and that the inevitable is just being put off.
Next up in court against HMRC is Accrington Stanley on 3rd February.