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.
EFL Statement: Macclesfield Town.#EFLhttps://t.co/58XDkFXTaT
— EFL Communications (@EFL_Comms) August 11, 2020
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.
It needs reforming, it needs a radical new way.— Jim Schlong-Un. (@JimSchlongUn) September 16, 2020
This is not news to Macclesfield Town fans.
Mentally we've been dead for 6 months.
What a club. What a ride.
All my love. 🔵⚪️ https://t.co/kv3dS0pjlV— Silkmen Army (@silkmenarmy) September 16, 2020