HARLOW Town Football Club escaped going into administration on Monday.
Mr Registrar Derret dismissed the HM Revenue and Customs winding-up petition at the High Court after it was confirmed that the club has paid off it’s outstanding tax debts.
IanB, a fan of the club, praised the owners. On a fans forum message board, he said: “This is fantastic news. I’m sure the owners have their own long term plans for the club and now this is behind us we can hopefully look forward to a sustainable future for the club.”
In October, owner Tommy Cunningham moved to reassure fans that the clubwould not be allowed to go into administration.
The club, which moved into its new Barrows Farm ground in 2006, was thought to have owed £42,000 in tax to the HMRC.
Had the amount not been paid in full by 14th November, an official receiver would have been appointed to sell off the clubs assets until the £42,000 had been raised and repaid.
The club are the latest in a long line of football clubs to have been issued with winding-up petitions. Notable examples include Portsmouth FC and Plymouth Argyle, both have been plunged into administration in the last few years.
The team can now focus their attention fully on building upon the decent start they have made to the season. They welcome Heybridge Swifts to Barrow Farm on Saturday.