Preston chairman confident debts will be settled

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Football News

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."

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Preston North End

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