Sheffield Wednesday hold off winding-up order

Sheffield Wednesday have fought off a High Court bid to wind the club up over an unpaid tax bill.A 28-day adjournment was granted at a hearing in London by Mr Registrar Jaques.The court heard from a lawyer representing the club that it was on the "verge" of a takeover deal with a consortium of local businessmen.The proceedings on Wednesday related to a winding-up petition over an unpaid PAYE bill of £600,000.But the registrar heard that the club now owes HM Revenue and Customs (HMRC) £1.4 million.

Source: PA