MX23RW : Sunday, May 12 16:59:28| >> :600:1371834:1371834:

Notts County earn reprieve as takeover edges nearer

Notts County earn reprieve as takeover edges nearer
© Reuters
County owe HM Revenue and Customs £200,000 in unpaid taxes.

Notts County have been given time to complete the sale of the club after a winding-up petition was adjourned by the High Court until June 5.

Notts owner Alan Hardy announced last week he was close to selling the club, who owe HM Revenue and Customs £200,000 in unpaid taxes.

"We have been given until June 5 to settle our debt to HMRC," the Sky Bet League Two club said on Twitter.

"At a High Court hearing (on Wednesday), the judge adjourned the case in order to allow sufficient time for the takeover of the club to be completed."

Hardy saved County from possible extinction in January 2017 when he bought out predecessor Ray Trew, but put the club up for sale in January this year.

Hardy's company Paragon Interiors went into administration, but he confirmed last week that he hoped prospective new owners would be able to take the Magpies forward after completing due diligence.

Hardy said last week he expected the outstanding HMRC debt to be paid in full by early May.

The Magpies are bottom of the table, two points from safety, but remain hopeful of retaining Football League status after losing only one of their last five matches.

ga('create', 'UA-72310761-1', 'auto', {'name': 'pacontentapi'});
ga('pacontentapi.set', 'referrer', location.origin);
ga('pacontentapi.set', 'dimension1', 'By Press Association Sport staff');
ga('pacontentapi.set', 'dimension2', 'c7727c17-3dc2-4d92-af9c-c0ca9eec74ad');
ga('pacontentapi.set', 'dimension3', 'paservice:sport,paservice:sport:club-news,paservice:sport:football');
ga('pacontentapi.set', 'dimension6', 'story');
ga('pacontentapi.set', 'dimension7', 'composite');
ga('pacontentapi.set', 'dimension8', null);
ga('pacontentapi.set', 'dimension9', 'sport:football');
ga('pacontentapi.send', 'pageview', { 'location': location.href, 'page': (location.pathname + location.search + location.hash), 'title': 'Notts County given until June 5 to complete takeover of the club'});

ID:355849: cacheID:355849:1false2false3false:QQ:: from db desktop :LenBod:restore:3252:
Restore Data
Share this article now:
A general shot of Notts County stadium Meadow Lane in April 2015
Read Next:
Notts County owner Alan Hardy says new buyers will take club to the Championship
>
Read more about Alan Hardy Football
rhs 2.0
Today's games header
Tables header RHS
TeamPWDLFAGDPTS
CStockport CountyStockport462711896484892
4MK Dons462391483681578
5Doncaster RoversDoncaster46218177368571
6Crewe AlexandraCrewe461914136965471
7Crawley TownCrawley46217187367670
8BarrowBarrow461815136256669
9Bradford CityBradford461912156159269
10AFC Wimbledon4617141564511365
11Walsall461811176973-465
12Gillingham461810184657-1164
13Harrogate TownHarrogate461712176069-963
14Notts County46187218986361
15Morecambe461710196781-1458
16Tranmere RoversTranmere46176236770-357
17Accrington StanleyAccrington46169216371-857
18Newport CountyNewport46167236276-1455
19Swindon TownSwindon461412207783-654
20Salford City461312216682-1651
21Grimsby Town461116195774-1749
22Colchester UnitedColchester461112235980-2145
RSutton UnitedSutton46915225984-2542
RForest Green RoversForest Green46119264478-3442


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!