Preston chairman confident debts will be settled

Published Add your comment

Preston chairman Derek Shaw was left "shocked" after being hit by a winding-up petition but insists the club will pay off their debts quickly.

The Championship outfit owe £400,000 to Her Majesty's Revenue and Customs, and the club's shares have been suspended from the Alternative Investment Market.

Shaw told the Lancashire Evening Post: "At the moment we are having to bounce things off our financial advisors and listen to their advice. We're a bit limited about what we can say as we're a PLC and issues like this are share-sensitive. But I've got to admit that it came as shock when we received the winding-up order late on Friday - it was hand-delivered to us."

He added: "We were 20 days late with our payment for April, we accept that. I expect this debt to HMRC to be settled by us quickly - as I said we're talking to our stock market advisers."

Copyright (c) PA Sport 2009, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE:

Preston North End

Article Comments

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again