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Macclesfield wound-up

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mimma
September 17, 2020, 12:29pm
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Quoted from ska face



That’s not exactly true is it? The tax bill was covered by a £600k loan from Fenty’s Five Star Fish, which was transferred to him when he sold the company.

How that spiralled into a debt of £3.5m(?) is fairly well covered.


Don't know where you get your figures from. What I have stated was widely reported in the press at the time.
As far as I am aware the only loans are from Fenty himself and nothing to do with his companies.
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monkeyboy
September 17, 2020, 1:36pm
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Would imagine we may have been in even bigger trouble had we built the new ground but not able to use it how they intended to, i mean there would have been no conferences or footfall whatsoever but with another debt from a newly built ground to pay for.
At least with a clapped out Blundel park its mostly payed for albeit falling apart.
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promotion plaice
September 18, 2020, 10:36am

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Quoted from Withnail
Meanwhile Gareth Bale is on £600k a week and spends most weekends on the golf course.

Looks like he's off to Spurs on loan if the reports are correct.



When Leeds trainer Les Cocker was once told Norman Hunter had broken a leg, he asked: “Whose is it?”
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Ipswin
September 18, 2020, 10:41am
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I feel for Macclesfield despite the way they have treated players and fans alike.

HMRC threaten to wind up 5 or 6 clubs a season but in 99% of cases the clubs get more time, proceedings are put on hold and someone comes up with the cash so HMRC rarely follow it through to the ultimate conclusion.

Bury and Macclesfield are small fry whilst 'bigger' clubs have managed to avoid winding up orders


On bended knee is no way to be free - Peter R de Vries

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pen penfras
September 18, 2020, 10:51am

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Quoted from Ipswin
I feel for Macclesfield despite the way they have treated players and fans alike.

HMRC threaten to wind up 5 or 6 clubs a season but in 99% of cases the clubs get more time, proceedings are put on hold and someone comes up with the cash so HMRC rarely follow it through to the ultimate conclusion.

Bury and Macclesfield are small fry whilst 'bigger' clubs have managed to avoid winding up orders


Both of those clubs dodged the bullet several times before actually getting wound up. I think Macclesfield have had 6 extension and were asking for another. They both had lots of opportunity to sort out a new owner if that was really the intention.
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BobbyCummingsTackle
September 18, 2020, 10:55am
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Quoted from Ipswin
I feel for Macclesfield despite the way they have treated players and fans alike.

HMRC threaten to wind up 5 or 6 clubs a season but in 99% of cases the clubs get more time, proceedings are put on hold and someone comes up with the cash so HMRC rarely follow it through to the ultimate conclusion.

Bury and Macclesfield are small fry whilst 'bigger' clubs have managed to avoid winding up orders


Macc have had a number of extensions (I can't recall how many) and the owner was asking for another, it appears that HMRC ran out of patience with him. Everyone there has been let down by the owner.


Miss Scunthorpe. Not a beauty pageant, just sound advice.
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psgmariner
September 24, 2020, 9:26am

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http://www.miabcleethorpes.net
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Abdul19
September 24, 2020, 9:29am

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I can afford the rent


JESUS AT THE CENTRE
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arryarryarry
September 24, 2020, 12:27pm
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Quoted from Ipswin
I feel for Macclesfield despite the way they have treated players and fans alike.

HMRC threaten to wind up 5 or 6 clubs a season but in 99% of cases the clubs get more time, proceedings are put on hold and someone comes up with the cash so HMRC rarely follow it through to the ultimate conclusion.

Bury and Macclesfield are small fry whilst 'bigger' clubs have managed to avoid winding up orders


There were two other major creditors both owed over £170,000 each,  one of them being the former manager John Askey.
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pen penfras
September 24, 2020, 12:35pm

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If their debts were £500k and the ground is sold for £750k, where does the extra money go?
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