Macclesfield Town wound up in High Court after racking up debts
Macclesfield Town are wound up in the High Court over £500,000 debts as they become football’s club to fold in the coronavirus pandemic after 147 years of existence
- Macclesfield Town have been wound up after racking up debts of over £500,000
- National League side become football’s first casualty in coronavirus pandemic
- The club was relegated from League Two after being handed points deduction
Macclesfield Town 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.
National League side Macclesfield Town wound up in the High Court over £500,000 debts
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, who were recently been relegated from the fourth tier of league football into non-league football, become football’s first casualty amid the coronavirus pandemic after 147 years as a club.
Judge Sebastian Prentis made a winding up order at a virtual hearing on Wednesday
They were relegated after being docked points for breaches of regulations relating to non-payment of wages and dropping to the bottom of League Two.
Judge Prentis said the winding up petition had been presented ‘as long ago’ as early 2019.
‘There have been a number of adjournments of this petition,’ he said.
‘I can see nothing that gives me any comfort that this club can pay its debts within a reasonable period.’
Bury FC became the first club in 28 years to be expelled from the Football League last year
Just over a year ago Bury became the first club in 28 years to be expelled from the English Football League.
Concerns of finances have dramatically increased for clubs in the Football League due to the impact of Covid-19.
The EFL are forecasting an aggregate collective loss of about £250million for all of its clubs by next April unless fans are permitted to attend matches in significant numbers by October.
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