As football clubs start to get their finances in order, winding up orders served by Her Majesty’s Revenue & Customs (HMRC)have become rarer. However, one has now been served on Northampton Town.
As football clubs start to get their finances in order, winding up orders served by Her Majesty’s Revenue & Customs (HMRC)have become rarer. However, one has now been served on Northampton Town.
The club claims in a statement that it is a temporary problem, reflecting difficulties with the takeover. However, that process has been lacking in transparency and little short of a complete farce. HMRC has understandably little patience with clubs who delay tax payments to deal with a cash flow crisis.
A local politician has called for a public inquiry, but it is not clear who could legitimately conduct that or what purpose it would serve. What is required is for the club to get its affairs in order – and quickly.