Live

Repeat: Off The Ball

02:00 AM-05:00 AM

Repeat: Off The Ball
Macclesfield Town FC have been...
Soccer

Macclesfield Town FC have been wound up in the High Court of Justice

Stephen Kisbey-Green
Stephen Kisbey-Green

13:13 16 Sep 2020

Macclesfield Town Football Club has been wound up in the High Court of Justice in London for failure to pay debts of over £500,000, according to a report on BBC Sport.

The former English Football League team, which was from January coached by Former Republic of Ireland player Mark Kennedy, has been facing the winding up petition since January 2019.

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

The court heard that former manager John Askey was owed £173,000, as was an unnamed financial lender.

The Silkmen were relegated from the English Football League in August, after a rocky 2019/20 season both on and off the field.

The club failed to pay its players in November last year, resulting in them going on strike and the Silkmen having to field a team of youth players in their FA Cup loss to Kingstonians on November 10th.

They were subsequently deducted points for failing to fulfil their fixtures against Plymouth and Crewe, and were cost further points for non-payment of players.

The club's owner, Amar Alkhadi, who had stepped down from his role as chairperson in August, had asked the court for an adjournment of eight weeks.

The case had already been adjourned 12 times previously, with Alkhadi claiming that Robert Benwell was in the process of buying the club.

The court also heard that Alkadhi understood the amount due to creditors was only £4,000, and that he had made a late offer to pay an initial £20,000 of the debt owed to HM Revenue & Customs.

A screenshot of a bank statement was made available to the court, which showed a balance of £1.1m in funds to show that creditors could be paid.

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, according to BBC Sport.

He went on to say that he had not been told by Alkadhi where the £1.1m had come from or why outstanding debts had not already been paid.

Download the brand new OTB Sports App in the Play Store & App Store right now! We've got you covered!

Subscribe to Off The Ball's YouTube channel for more videos, like us on Facebook or follow us on Twitter for the latest sporting news and content.


Read more about

Alkhadi Crowe English Football League Liquidation Macclesfield Town Plymouth Wound Up

Live: Title

Description

Added to queue
Removed from queue

On Air

Share

Share

Next up in queue

Title
Description
Duration

There are currently no podcasts in the queue

Go to podcasts

On Air

Repeat: Off The Ball

Repeat: Off The Ball

02:00 AM-05:00 AM

Share

Up next

Repeat: OTB AM

Repeat: OTB AM

05:00 AM-07:00 AM

Share

Highlights on Off The Ball

Highlights on Off The Ball

07:00 AM-07:30 AM

Share

LIVE: OTB AM

LIVE: OTB AM

07:30 AM-10:00 AM

Share

Repeat: OTB AM

Repeat: OTB AM

10:00 AM-12:00 PM

Share

Off The Bench

Off The Bench

12:00 PM-01:00 PM

Share

OTB Gold

OTB Gold

01:00 PM-02:00 PM

Share

Highlights on Off The Ball

Highlights on Off The Ball

02:00 PM-05:00 PM

Share

LIVE: Monday Night Rugby

LIVE: Monday Night Rugby

05:00 PM-06:00 PM

Share

OTB Gold

OTB Gold

06:00 PM-07:00 PM

Share

LIVE: Newsround

LIVE: Newsround

07:00 PM-07:30 PM

Share

LIVE: Off The Ball

LIVE: Off The Ball

07:30 PM-08:00 PM

Share

LIVE: Monday Night Rugby

LIVE: Monday Night Rugby

08:00 PM-09:00 PM

Share

LIVE: The Football Show

LIVE: The Football Show

09:00 PM-10:00 PM

Share

Off The Bench

Off The Bench

10:00 PM-11:00 PM

Share

Repeat: Off The Ball

Repeat: Off The Ball

11:00 PM-12:00 AM

Share

Repeat: OTB AM

Repeat: OTB AM

12:00 AM-02:00 AM

Share

Repeat: Off The Ball

Repeat: Off The Ball

02:00 AM-05:00 AM

Share

00:00:00 / 00:00:00

Share on