Linnets' Fans' Forum

General Category => General Discussion => Topic started by: Wingwizzard on September 16, 2020, 11:30:27 AM

Title: Macclesfield Town
Post by: Wingwizzard on September 16, 2020, 11:30:27 AM
See they have been wound up with debts of over 500K  so assuming  that mean   2 fixtures less for us ??
Title: Re: Macclesfield Town
Post by: Blue_and_Gold on September 16, 2020, 12:00:50 PM
Macclesfield Town Football Club has been wound up in the High Court over debts totalling more than £500,000.

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

In addition, a solicitor for John Askey said the National League club's ex-manager was owed £173,000, while a financial lender was owed the same sum.

The club's owner Amar Alkadhi had asked for a further eight-week adjournment.

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

Benwell, who previously tried to buy Bury, was not mentioned in court on Wednesday by Alkadhi's lawyer, who asked for a further eight weeks to allow a sale to go through.

The judge later said that a business plan from Benwell had not been put forward to the court, however.

The court was told that Alkadhi understood the amount due to creditors was actually just £4,000, had made a late offer to pay an initial £20,000 of the debt owed to HM Revenue & Customs and had made available a screenshot of a bank statement with £1.1m of funds to show that creditors could be paid.

However, Judge Prentis said he would grant a compulsory order, saying "nothing gives me comfort that the club can pay its debts in a reasonable period" and that there had been "ample opportunity" for Alkadhi to pay off creditors.

He went on to say that he did not been told by Alkadhi where the £1.1m had come from or why outstanding debts had not already been paid.
Title: Re: Macclesfield Town
Post by: Blue_and_Gold on September 16, 2020, 12:02:53 PM
Southend on the brink?

Southend United have been given more time to clear tax debts after a winding-up petition against the club was adjourned for a fourth time.

The League Two side now have until 28 October to pay the remaining £493,991 owed to HM Revenue and Customs.

The Shrimpers aim to settle the debt through refinancing, with 502 homes planned to be built on Roots Hall when they move to their Fossetts Farm site.

In April they said an agreement to build a new stadium had been reached.

The latest winding-up petition is one of a number Southend have faced amid financial turmoil in recent seasons.

The news comes as National League club Macclesfield Town were wound up in the High Court on Wednesday over debts totalling more than £500,000.
Title: Re: Macclesfield Town
Post by: Mallard on September 16, 2020, 03:43:48 PM
So does this mean Ebbsfleet will be reinstated and takeover Macclesfield’s fixture ( is that even possible).  Or will the League run with just the 23 clubs ?

Title: Re: Macclesfield Town
Post by: MARCUS ROSE on September 16, 2020, 07:44:01 PM
£500,000 debts ehh. Another club that chased the unsustainable dream.
Title: Re: Macclesfield Town
Post by: Grissles Oleary on September 17, 2020, 01:38:21 AM
Another game season ticket holders have already paid for.  :dontknow:
Title: Re: Macclesfield Town
Post by: Attleborough Doug on September 17, 2020, 11:40:37 AM
The last time I bought a season ticket for the Linnets was 2009/2010 season .......... sadly club folded in October as we all can remember; so I guess I won't be buying another season ticket for a long time.
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