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Macclesfield Town wound up with debts in excess of £500,000

:Headline: Macclesfield Town wound up with debts in excess of £500,000:
The club were relegated from League Two last season.

Macclesfield 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.

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 which dropped them to the bottom of League Two.

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last updated article - 2020-09-16 11:11:33:
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