• Privacy policy
  • T&C’s
  • About Us
    • FAQ
  • Contact us
  • Guest Content
  • TLE
  • News
  • Politics
  • Opinion
    • Elevenses
  • Business
  • Food
  • Travel
  • Property
  • JOBS
  • All
    • All Entertainment
    • Film
    • Sport
    • Tech/Auto
    • Lifestyle
    • Lottery Results
      • Lotto
      • Set For Life
      • Thunderball
      • EuroMillions
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
The London Economic
No Result
View All Result
Home Sport Football

Macclesfield Town FC could be the “first of many clubs to go under” as they are wound up in High Court

146 years of history, gone. Very sad.

Jack Peat by Jack Peat
2020-09-16 11:49
in Football, Sport
FacebookTwitterLinkedinEmailWhatsapp

Macclesfield Town have been wound up after a judge was told the football club owe more than £500,000.

Judge Sebastian Prentis made a winding up order at a virtual hearing in the specialist Insolvency and Companies Court on Wednesday.

He was told the club owe nearly £190,000 in tax and more than £170,000 to two other creditors.

Lawyers representing HM Revenue and Customs had applied for a winding up order.

The judge said he could see nothing which gave him “any comfort” that the club can pay the debts.

He was overseeing the latest in a series of hearings.

Sad news. My home team Macclesfield Town FC wound up in High Court over £500,000 debts – first of many clubs to go under I fear https://t.co/gUc6W6dXoi

— Nick Robinson (@bbcnickrobinson) September 16, 2020

Macclesfield have recently been relegated from the fourth tier of league football into non-league football.

They were relegated after being docked points for breaches of regulations relating to non-payment of wages and dropping to the bottom of League Two.

Last year bosses suggested Brexit is hampering their ability to clear club debts.

RelatedPosts

Donald Trump announces he plans to host UFC fight at the White House

Which Teams are Most Likely to Qualify for the 2026 World Cup?

Greenland application to join North American football federation rejected

‘Diving audit’ finds male footballers ‘far more likely’ to simulate than women

A judge analysing the case that bosses were waiting for “international payments” to come through, which could have been impacted by Britain’s decision to leave the union.

Awful news for English football. Macclesfield Town have been wound up over debts of totalling around 500k. 146 years of history, gone. Very sad!

— The Away Fans (@theawayfans) September 16, 2020

Related: More clubs like Wigan could go into administration – Damian Collins

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

← Care home firm that sacked Labour MP over PPE shortage comments admit they did have a problem ← Watch – Government ‘made same mistake with the Covid19 testing that it did with rail privatisation’
No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

-->