Indebted Truro City gets reprieve – for now
Truro City Football Club has been handed a further stay of execution after yet another appearance in London's High Court.
The cash-strapped club was given six weeks to prevent a winding up order over its unpaid taxes, which have been whittled down from £51,000 to just under £15,000.
But the Blue Square Bet South outfit, which has won five promotions in six years, also faces claims that it owes four other companies a total of more than £700,000.
Last month, Registrar Derrett ordered that the company claiming the largest debt – Tiger Commercial (Truro) Ltd, which claims it is owed £645,000 – could take over the petition from Her Majesty's Revenue and Customs (HMRC).
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Yesterday, HMRC, which now claims a debt of just under £15,000, was reinstated as petitioning creditor, as the other debts are all disputed by the club.
The case was adjourned until September 3, with a warning that the club must "sort itself out one way or another".
Club lawyer Stephen Schaw Miller said it was possible that "certain developments" might enable the tax debt to be paid before the latest deadline.