Cherries pay off HMRC debt

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Football News

Bournemouth avoided a winding-up order on Monday morning after paying off their debt to HM Revenue and Customs.

The petition issued to HMRC was dismissed at Liverpool Combined Court after the League Two club paid taxes totalling around £400,000.

The south-coast club are in a rebuilding process under the Murry Group, who took over at Dean Court in June after two turbulent seasons.

Bournemouth entered administration in February last year and were deducted 10 points by the Football League, which resulted in them being relegated from League One.

The Cherries started last season with a 17-point deduction after failing to agree a Company Voluntary Agreement with their creditors, but boss Eddie Howe worked wonders to ensure they stayed in League Two.

Despite paying off their debt to HMRC, Bournemouth are not expected to have their transfer embargo lifted by the Football League.

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