World news – GB – Macclesfield Town wound up in High Court with debts of over £500,000

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The Silkmen were relegated from the EFL earlier this summer after being charged with misconduct related to the payment of player wages

Macclesfield Town’s future is in jeopardy after the club was wound up in the High Court for owing more than £500,000 in debt.

Judge Sebastian Prentis made the winding-up order at the specialist Insolvency and Companies Court after being told £190,000 was owed in tax.

Furthermore, a solicitor for former manager John Askey said he was owed £173,000, while a financial lender was also owed the same amount.

The crisis club were relegated to non-league earlier this summer after the EFL won an appeal to increase a points deduction handed to them, having been charged with misconduct related to the payment of player wages.

The Silkmen are due to begin the National League season on October 3 against Bromley, but doubts now surround their future.

Owner Amar Alkadhi has asked for a further eight-week adjournment in order for a sale of the club to go through.

The petition, which had been adjourned for a 12th time last week, began back in January 2019 and was set to be heard again on Wednesday after Alkhadi claimed a sale to Robert Benwell was at an advanced stage.

Benwell, who has previously tried to buy Bury, was not mentioned in court during Wednesday’s hearing by Alkhadi’s lawyer.

The court was told that Alkhadi made a late offer to pay an initial £20,000 of the debt owed to HM Revenue & Customs, and had offered a screenshot of a bank statement with £1.1million of funds in order to show that creditors could be paid.

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Judge Prentis though said he would grant a compulsory order due to there being no evidence of the club’s ability to pay its debts, while Benwell had not provided a business plan should he take over at the club.

He also said that he had not been informed where the £1.1million had come from, or why outstanding debts had not already been paid.



SOURCE: https://www.w24news.com/news/world-news-gb-macclesfield-town-wound-up-in-high-court-with-debts-of-over-a500000/?remotepost=279729

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