Source: Bournemouth_Echo
Cherries: Club issued with winding-up petition by HMRC
CHERRIES chairman Eddie Mitchell tonight revealed that the club had been served with another winding-up petition by HM Revenue & Customs.[LNB] Speaking in front of around 150 supporters at a fans' forum at Dean Court, Mitchell delivered the shock news as he outlined the club's financial position.[LNB] The club's majority shareholder confirmed to the audience that the tax man was petitioning for an outstanding debt of £314,000, with a hearing set for March 31.[LNB] Mitchell claimed a payment of £100,000 which he said had been raised from advanced season ticket sales would be made imminently.[LNB] When asked by a supporter whether the club was currently up to date with its commitments to the tax man, Mitchell revealed £55,000 was owed for outstanding PAYE contributions, a sum which had been due earlier this week.[LNB] Mitchell said the club had raised around £280,000 from the early season ticket offer, although added that the funds had already been accounted for.[LNB] He listed where the money had gone, with an insolvency payment swallowing up £28,000 and former benefactor John Piper, £12,000.[LNB] He said the council had received £9,000, the club's programme publisher £12,000 and kit manufacturer Carbrini £34,000.[LNB] Mitchell also revealed former boss Jimmy Quinn had been paid £20,000, ex-player Russell Perrett £3,000 and one-time director of football Ted Sutton £6,000.[LNB] He also said £51,000 had been taken up by the centre of excellence and matchday PAYE.[LNB] Mitchell told the forum that the club's overall debt had reduced from £1.8m to £800,000 during his tenure.[LNB] However, this latest bombshell has given them another financial hurdle to overcome as boss Eddie Howe and his players continue to mount a promotion push.[LNB]
