Deal to sell Notts County moves a step closer
The deal to sell Notts County looks to be moving closer after the Club was granted an extension until 5 June to settle their £200,000 debt to HMRC.
At a High Court hearing, the judge adjourned the case in order to allow sufficient time for the takeover of the club to be completed.
The Magpies were served with a winding up order by HMRC in late February – a decision which owner Alan Hardy called “crazy”.
Speaking exclusively to TheBusinessDesk.com, Hardy said that the Magpies had made an offer to pay the £200,000 owed to the Revenue in four weekly instalments, but this had been refused.
Hardy said: “This doesn’t make sense and the petition wouldn’t go to court until a month after we’d have paid back the full amount under the terms of our offer – by which time HMRC would have been fully paid.
“To issue a winding up petiton when we had a payment plan in place is just crazy and HMRC seems desperate to make an example of a football club.”
A statement from the Club at the time said: “The Club offered a payment plan starting on 21 February to clear the debt in full over a four-week period. However, HMRC have taken what Notts County consider to be an extremely aggressive approach, which has seen HMRC issue a winding up petition against the club.”
Nottinghamshire Live is reporting that a potential buyer for Notts County, who remain in the League Two relegation spots, is waiting until the end of the season to find out which league the Club will be in, which will in turn determine the price paid in a deal which should be completed by 7 May.
