Macclesfield wound up with debts of £500,000
Macclesfield have been wound up after a judge was told the football club owe more than £500,000.
Judge Sebastian Prentis made a winding up order at a virtual hearing in the specialist Insolvency and Companies Court on Wednesday.
He was told the club owe nearly £190,000 in tax and more than £170,000 to two other creditors.
Lawyers representing HM Revenue and Customs had applied for a winding up order.
The judge said he could see nothing which gave him "any comfort" that the club can pay the debts.
He was overseeing the latest in a series of hearings.
Macclesfield have recently been relegated from the fourth tier of league football into non-league football.
They were relegated after being docked points for breaches of regulations relating to non-payment of wages which dropped them to the bottom of League Two.
Sad news. My home team Macclesfield Town FC wound up in High Court over £500,000 debts - first of many clubs to go under I fear https://t.co/gUc6W6dXoi— Nick Robinson (@bbcnickrobinson) September 16, 2020
Awful news for English football. Macclesfield Town have been wound up over debts of totalling around 500k. 146 years of history, gone. Very sad!— The Away Fans (@theawayfans) September 16, 2020
Within 12 months we've lost Bury and Macclesfield Town. We could still lose Wigan. There are many, many more clubs in the precipice for disaster.— Jim Schlong-Un. (@JimSchlongUn) September 16, 2020
It needs reforming, it needs a radical new way.
This is not news to Macclesfield Town fans.— Silkmen Army (@silkmenarmy) September 16, 2020
Mentally we've been dead for 6 months.
What a club. What a ride.
All my love. 🔵⚪️ https://t.co/kv3dS0pjlV