Sheffield Wednesday Hit With HRMC Winding-Up Order

Chris Wright

23rd, July 2010


By Chris Wright

League One side Sheffield Wednesday have been served a winding-up order (who hasn’t?) by HM Revenues and Customs over an unpaid tax bill of £550,000 – or about half a Titus Bramble, to put it in layman’s terms.

The club are confident that they will be able to pay off the debt, but are still scheduled to appear in court on August 11th.

Wednesday have debts to the tune of £25 million, £20 million of which is owed to their bank, the Co-operative, on whom they were forced to call over the summer in order to remain solvent – in other words, like so many of their lower league counterparts, they need a £multi-million takeover.

Anyone else get the feeling that the bottom’s about to fall out?