Mon, 27 Sep 2010 | ADMINISTRATION
A £250,000 unpaid tax bill could tip Dundee Football Club into administration, it has been revealed.
HM Revenues & Customs are demanding immediate payment and, a senior Dens Park source added, “They are being completely inflexible, with no room for negotiation at all.”
The unwelcome news comes as Dundee’s main investor Calum Melville recently considered resigning from the club due to his own business problems.
Melville said: “I feel we are being treated differently from other clubs and I would have thought HMRC has a duty to treat everyone in the same fashion.”
Dundee FC has been behind on payments for 19 months, Melville added.
“We have offered £100,000, which has been rejected. I have also offered to pay the full amount in May next year and that also has been rejected.”
Melville, who has allegedly injected over £1.5 million into the club, expects that HMRC will communicate their decision next week. He believes there is a “distinct possibility of administration.”
This is the second time the club has faced administration in seven years. In 2003, Dundee escaped administration with debts of £23 million due to the support of fans’ group Dee4Life, which helped to raise funds.
A well-established UK distributor renowned for high-quality bicycle components and accessories, serving both retail and trade customers nationwide, is available for acquisition.
This well-established specialist glazing business in Derbyshire boasts over 30 years of success, supported by a well-presented showroom and ample storage.
This well-established car sales and garage business in Nottinghamshire offers a superb reputation supported by positive online reviews and occupies a prominent position on a main road in Worksop.
27
|
Jun
|
Carlisle construction firm saved from potential insolvency by acquisition | BUSINESS SALE
Carlisle-based construction contractor Cubby Construction ha...
27
|
Jun
|
Construction services provider acquires roof maintenance firm | BUSINESS SALE
Construction and facilities management services provider Pre...
27
|
Jun
|
Administrators exploring options after collapse of computer hardware firm | ADMINISTRATION
A computer hardware company based in Nottingham has fallen i...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.