Khan pledges to help out Stanley

30 May 2009 15:07
Stanley were issued with a winding up order and must appear in court on June 10 faced with unpaid tax and national insurance contributions of around £300,000. Khan, who owns 15% of the club, told the Accrington Observer: "I felt sickened when I read about the debt. I know the Inland Revenue do not take people to court unless the situation is acute and my biggest worry is that the club may owe £300,000 to the Inland Revenue - but who else do they owe the money to? "It is disgraceful that the club is in this situation. But I think there is a simple solution - and that is to issue new shares and the money which comes in from there to pay off the debts and then lets start again. "There are others like me who would step up and I think the board should issue instructions about a share issue and keep it open for two weeks for people to come and buy shares - whether it's one or more. "I will put up the first £250,000 and I do not want a place on the board or the chairmanship. I just want the club to survive."

Source: Team_Talk