Macclesfield Town wound up in High Court due to debts of over £500,000

Macclesfield have been wound up with debts of £500,000

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.

Follow Sporting Life on social - find us on Facebook here or tweet @SportingLifeFC

Related football content

Like what you've read?
Help your friends Know It All by sharing this article to your social media.

Most Read Football

Football Tips