When news happens, text LT and your photos and videos to 80360. Or contact us by email or phone.
Accrington Stanley beat taxman's bid
ACCRINGTON Stanley, ‘the club that wouldn’t die’, escaped intensive care again yesterday after the taxman’s latest move to wind up the club was dropped at London’s High Court.
Senior insolvency judge Registrar Sally Barber yesterday dismissed the latest petition by Her Majesties Revenue and Customs (HMRC) because it had not been correctly advertised.
The club’s chairman Peter Marsden said the £60,000 plus debt had now been paid in full.
It is the latest in a series of last minute legal escapes performed by the club.
Stanley are on notice that failure to keep up tax payments could lead to new legal moves sounding its death knell after 120 years of football history in Accrington.
Mr Marsden said: “We paid our tax bill of £60,000 to £70,000 as soon as HMRC started legal action. It was not advertised because we paid within days.
“We are fully up to date and can pay our tax bills and wages. We understand that if we fall behind again we will be taken to court.
“We are a small club and always struggle to pay our bills especially in the close season when income drops.”
In March, another winding up petition from the taxmen was dismissed after the club paid more than £10,000. Accrington FC were one of the founders of the Football League in 1888.
After they folded, Stanley (created in 1891) joined the competition in 1921, pulling out because of financial problems in 1962.
It collapsed in 1966 and was refounded two years later, rejoining the football league in 2006.
In 2010/2011, Stanley made the Division Two play-offs but last season narrowly avoided both winding up and relegation.
Days before they paid their tax debt in March, the club managed to pay the £10,000 plus in wages it owed its players from February.
In 2009, a petition by HMRC was dropped after lawyers agreed at the door of a High Court hearing for a £300,000 tax debt to be paid in instalments with the help of major shareholder multi-millionaire Ilyas Khan.
A year later, the club once again settled at the last minute and in February 2011 was struggling to pay its tax bills.
An HMRC spokesman said: “We never comment on tax affairs of companies or individuals.”
Comments are closed on this article.