Source: FOOTYMAD
Tax Debt Is Cleared!
AFC Bournemouth confirm that the debt owed to the tax man has been paid off. AFC Bournemouth have cleared the debt owed to the HRMC, which is the subject of the forthcoming Winding Up Order in the High Court. Speaking in the Bournemouth Evening Echo, Cherries Chairman, Eddie Mitchell is quoted as saying: "We have sent the money to the tax man and it should bring us bang up to date with the tax. We are now approaching the Football League to try to get the embargo lifted by noon tomorrow to try to strengthen for the last nine games of the season. We’re already talking to the league, to try to coincide with the revenue talking to them, to try to take it further forward, so we can move it on and get the embargo removed. The main issue was to clear the debt we owed to the revenue and it was something that needed to be done. Fortunately, we have been able to work hard enough to get it done. My belief is that the tax debt and forecasting where we are going to go for the remainder of the season and next season was what was holding the club back, and those have been provided now".
