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!