Halifax Town FC R.I.P
 

Looks like its another sad day in the football world just come across this article.:(
Halifax Town drown in a sea of debt


Gutted: Town general manager Angie Firth looking tense after the outcome of Friday’s talks at the administrators’ offices

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09 May 2008
By Dave Fletcher
HUGE tax debts have buried Halifax Town after almost 100 years as a football club.

Shock new figures put to a reconvened creditors meeting showed the cash-strapped Shaymen owed over £800,000 to the Inland Revenue.

The Revenue refused any deal and that effectively finished the club – already over £2 million in the red.

Administrators had been trying to broker a rescue package but speaking after five hours of talks that left liquidation near inevitable, administrator Rob Sadler said: "Halifax Town will probably perish."

It was originally thought the club – which narrowly clung on to its Blue Square Premier League status on the last day of the season last month – owed the taxman around £500,000. That was thought to leave scope for a deal.

But the news that it owed £814,000 meant that even if all the other creditors had accepted the 2.5p-in-the-pound offer originally on the table it would not have been enough.




Don't miss Saturday's Courier for the full story, plus more analysis and reaction.


The full article contains 182 words and appears in n/a newspaper.Page 1 of 1

Last Updated: 09 May 2008 5:27 PM
Source: n/a
Location: Halifax

Re: Halifax Town FC R.I.P
 

r.i.p. always sad when a club dies. just shows how good a job eric whalley is doing at stanley..

Re: Halifax Town FC R.I.P
 

Always feel sorry for the fans but in reality if these were normal businesses they would not get away with bad management and the amount of debts that football clubs get away with.

Re: Halifax Town FC R.I.P
 

Feel very sorry for them...been there, done it, got the T-shirt. I hope they start up again, but it's one heck of a long road back. :(

Re: Halifax Town FC R.I.P
 

a sad day indeed, used to go to Halifax wi me dad with the old Accrington Stanley, ground i remember was a dump,but they always had the best pies in the old Third Division North. plus the fans i remember being very hospitable.

Re: Halifax Town FC R.I.P
 

very sad news indeed, enjoyed the visits to halifax

Re: Halifax Town FC R.I.P
 

When this happens it always reminds me of 1963 and Stanley and the reasons they went to the wall, bad management at board level and the fat man from Burnley. mind you its always the poor fans hat I feel sorry for:(

Re: Halifax Town FC R.I.P
 

Those milliners have a lot to answer for. :D

Re: Halifax Town FC R.I.P
 

Very sad for football as a whole, this sort of thing is still a rarity but I fear may happen more in the future.
The rules brought in by the FL don't help things much either.. I mean point deductions from teams already in trouble.