The world’s oldest professional football club, Notts County FC, had the winding up petition presented against it by HMRC dismissed in the High Court today.
The club, bought by Ray Trew in 2010 when it narrowly avoided going into administration and currently placed 11th in England’s third tier, said before the hearing that it expected the court to find in its favour adding that the petition is both “disruptive and damaging”.
HMRC brought the petition against the 151 year old club for bills due on 19 December 2012 and a statement from the club read: “The club can state, unequivocally, that the business is completely up to date with all VAT and PAYE monies.”
The club also went on to say that it would seek damages “for the harm suffered by the football club”.
Notts County, who at one stage had debts of around £6m (before Trew’s £12m investment) added that it was only informed of the petition on Friday 8 February 2013.