Owls taken to court over unpaid taxes

Published Add your comment

Football News

Sheffield Wednesday becomes the latest football club to land in the High Court over its finances.

A hearing will take place in London following the issuing of a winding-up petition by Her Majesty's Revenue and Customs (HMRC).

An HMRC spokesman said: "We can't discuss individual cases. HMRC doesn't initiate insolvency action against football clubs - or any other business - lightly but we will not hesitate to do so when that is the right way to protect the country's tax revenues and other creditors from those who trade whilst insolvent and run up debts that they simply cannot pay."

The move, which related to an outstanding PAYE balance of £550,000, has been described by former home secretary David Blunkett, MP for Sheffield Brightside and Hillsborough, as "deeply unhelpful".

Wednesday have sought to reassure their fans the club is "not about to be wound up, nor is it about to enter into administration".

The club has been dogged by financial problems since being relegated from the top flight in May 2000 with the Owls' current debts reported to be around £26 million.

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:

Sheffield Wednesday
League One

Article Comments

Read more

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