lcfc_jme Posted 14 May 2010 Posted 14 May 2010 Couldn't see it posted anywhere and noticed it on the BBCs ticker, but.. Preston are the latest club to be issued with a winding up petition from Her Majesty's Revenue and Customs. The Championship side were forced to borrow £550,000 from leisure tycoon Trevor Hemmings' investment vehicle Guild Ventures on Thursday to ensure the players' wages were paid on time. Hemmings' investment in the Deepdale club now stands at £13.82million including interest, but even that has not been able to stave off HMRC. The move comes following North End's "failure to pay certain liabilities", and Preston North End Plc will be suspended from trading on Alternative Investment Market (AIM) stock exchange from Monday morning, pending clarification of the company's financial position. Preston said in a statement: "The board of Preston North End announces that, having received a winding up petition from HM Revenue and Customs, following failure to pay certain liabilities, the Company's Ordinary Shares will be suspended from trading on AIM. "The suspension will take effect from 7am on May 17 2010 pending clarification of the Company's financial position. "The board are currently considering the options available and a further announcement will be made as soon as possible. Sky Sports Link Is there a club out there not operating in any kind of financial trouble? Seems to me that every club is in danger of receiving one of these..
C-man Posted 14 May 2010 Posted 14 May 2010 Didn't know these were struggling in all honesty. What happened to our HMRC bill? MM pay it all off? Swear we owed £7m at one point... biggest tax debt in the league at the time.
Guest Bilo Posted 14 May 2010 Posted 14 May 2010 Sad for Preston. Not only for the historic significance of the club but because they seemed a decent set of fans when we were up there.
Jimothy Posted 14 May 2010 Posted 14 May 2010 Didn't know these were struggling in all honesty. What happened to our HMRC bill? MM pay it all off? Swear we owed £7m at one point... biggest tax debt in the league at the time. Written off. Link
LCFC-ARAB Posted 14 May 2010 Posted 14 May 2010 football clubs are really run by some idiots Football is for you and me not for fucking industry
Fosse Boy Posted 14 May 2010 Posted 14 May 2010 football clubs are really run by some idiots Football is for you and me not for ****ing industry Pipe down Bochum.
The Doctor Posted 15 May 2010 Posted 15 May 2010 football clubs are really run by some idiots Football is for you and me not for fucking industry fair point. Football should be more like the continent - Clubs run lock, stock and key by fans, Terracing & flares. Oh and i read somewhere that all matches in germany are shown on TV. is that true?
Recommended Posts
Archived
This topic is now archived and is closed to further replies.