Preston North End shares suspended
Posted by John Beech on May 14, 2010
Preston North End is being reported on the ShareCast website thus:
AIM-quoted PNE, which is managed by Sir Alex Ferguson’s son Darren, has received a winding up petition from HM Revenue and Customs and shares in the Championship football club have been suspended.
The Lancashie Evening Post is reporting that the debt is one for £400,000 to HM Revenue and Customs, that sum being PAYE from April’s wage bill (A).
The reporter, David Seddon, says “I understand that several Football League clubs were hit with similar orders by HMRC at the same time as North End. But Preston are the only PLC of that group of clubs and have therefore had to go public due to stock market rules.“ Watch this space!
Trevor Hemmings, who already owns 28% of the shares in the club through his company Deepdale PNE and has already loaned the club £13m, has now raised his shareholding to 51% (A). His takeover now requires formal approval by the other sharehol