Prestatyn Town have been served with a winding-up order in a dispute with tax officials.
Chairman Chris Tipping told an emergency meeting at Bastion Gardens on Tuesday evening that the Seasiders owed over £53,000 to HMRC – but the club disputes the figure.
Supporters heard that Prestatyn had been given until Thursday 24th November to pay up – but three ‘substantial investors’ had stepped forward to help the club.
It’s understood the tax bill concerns players’ wages and expenses in the wake of their Europa League campaign in 2013. The wage bill was cut after Town failed to qualify for the group stages but documents had revealed their tax figures remained the same in 2014 and 2015.
The club had also been left £120,000 in debt and facing bankruptcy by 2014 – but it had since been registered as a limited company and was due to break even this season.
Mr Tipping told the meeting that the club would not fold and accused HMRC of ‘not listening’ to the club and giving no reason for the winding up order – but the chairman insisted the club would not take the matter to the courts.
In a statement, the board of directors said: ”We will be doing everything possible to make sure that we raise this sum – some of which has already been pledged. We would welcome financial assistance from any individuals or companies to raise this money so that we can pay off the HMRC, continue our good run of form and gain promotion to the Premier League.”
A membership scheme is being set up with fans being asked to pay £250 to the club’s fighting fund. They will be offered three elected seats on the board of directors. The club has also contacted the Vale of Clwyd’s politicians – Conservative MP Dr James Davies and Labour AM Ann Jones for help.
The club are currently joint leaders of the Huws Gray Alliance. Another meeting will be held next Tuesday night at Bastion Gardens at 7.30pm.