Chester Wound Up
Published: 10 Mar 2010 - 11:23:14
The final nail in the coffin. The debt-ridden company behind Chester City FC has been wound up. Chester City FC 2004 Ltd failed to settle its debts with HM Revenue & Customs resulting in the adjudication at the High Court in London this morning. In January the company was given six weeks to finalise proposals for a Company Voluntary Arrangement (CVA) aimed at enabling the club to clear its immediate debts – £26,125 of which is owed to the taxman.
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