Margate given deadline to pay money owed to the taxman
by Patrick Gearey
Margate have been given 12 weeks to pay money
they owe to the taxman after a court ruling on Wednesday.
The Gate have managed to raise over half of
what they owe to HMRC but have now been told they must produce the
rest within the time frame.
It is the latest financial blow to hit the
Thanet club who have previously faced a winding-up order and been
denied planning permission for a potentially lucrative medical
centre to be built at their Hartsdown Park home.
Margate were spared relegation to the Ryman
League Division 1 South, despite finishing in the drop zone,
because of teams in other divisions resigning their places.
They could be set to struggle again if funds are not made
available for squad rebuilding.
A statement on their website says the club
will have to raise a significant amount of cash quickly.
It says: "The directors still have a mammoth
task ahead of them, in not only raising this money but also
sufficient money to fund a squad to bring us success this coming
season."
Thursday, July 02 2009