Chester football club wound up : Finance7 Weblog

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Monday Mar 15, 2010

Chester football club wound up

Chester City football club has been wound up by the High Court over debts owed to Her Majesty’s Revenue and Customs.

The debt-ridden company behind the Chester City FC 2004, has been put in liquidation over an unpaid tax bill of £26,125 and at the hearing the club has now been wound up.

In January, the 56 year old club was given six weeks to finalise proposals for a company voluntary arrangement (CVA) aimed at enabling the club to clear its immediate debts – £26,125 of which is owed to the taxman.

City failed to fulfil their last two Blue Square Premier fixtures and were initially suspended, then kicked out of the league last month.

However, a fan base City Fans United, has vowed to start a new club in a lower league based on a model along the lines of AFC Wimbledon.

Meanwhile, Cardiff City has been given 56 days and Southend 35 days to settle their own winding-up orders.

Posted at 08:08PM Mar 15, 2010 by Kelly Board in Insolvency | Comments[0]

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