Viewing Single Post From: Halifax Town No More

Viewing Single Post From: Halifax Town No More
Valley Parader	May 9 2008, 05:19 PM
Advanced Poster Posts: 5,219 Group: Bradford City Member #76 Joined: March 22, 2006	http://www.halifaxcourier.co.uk/news/Halif...in-a.4069879.jp HUGE tax debts have buried Halifax Town after almost 100 years as a football club. Shock new figures put to a reconvened creditors meeting showed the cash-strapped Shaymen owed over Ł800,000 to the Inland Revenue. The Revenue refused any deal and that effectively finished the club – already over Ł2 million in the red. Administrators had been trying to broker a rescue package but speaking after five hours of talks that left liquidation near inevitable, administrator Rob Sadler said: "Halifax Town will probably perish." It was originally thought the club – which narrowly clung on to its Blue Square Premier League status on the last day of the season last month – owed the taxman around Ł500,000. That was thought to leave scope for a deal. But the news that it owed Ł814,000 meant that even if all the other creditors had accepted the 2.5p-in-the-pound offer originally on the table it would not have been enough Devastating to see a decent supported club go down the pan.


Halifax Town No More · Non-League