Heys praises Stanley supporters

10 June 2009 01:11
Club shareholder Ilyas Khan looks set to start the funds with £250,000, while Lancashire Telegraph columnist Stephen Lowe has volunteered to become a director of the new company. The League Two outfit were issued with a winding up order last month due to an unpaid £300,000 tax bill but the High Court hearing was adjourned after Stanley put forward proposals to HM Revenue and Customs about clearing the debt over the next 12 months in instalments. Heys said: "It's been set up by a local businessman but how he'd like to distribute it is yet to be decided. "I think he's looking perhaps to alter the allocation of shares in the club so there's still quite a bit of talking to be done about how that will be used, but just the fact that it's there is encouraging. "I think the club will get itself out of the situation that we're in and we've obviously shown that to the Revenue but it does mean cutting costs, and something like the fighting fund would help us because we wouldn't have to perhaps cut our costs quite as dramatically, so obviously any money that's coming into the club can only be a good thing for Accrington Stanley."

Source: Team_Talk