Relieved Yellows secure debt deal Hucknall Today
CRISIS-hit Hucknall Town breathed a huge sigh of relief this week when they secured an agreement at last with the taxman over their huge VAT debt.
Chief executive Liz Morley announced on Wednesday afternoon that HM Revenue And Customs (HMRC) had finally accepted Town’s latest offer for coughing up the £84,000 they owe.
She refused to into the details of the deal. But she did confirm that the club would have to stand by its previous decision to return to amateur status.
This means no money will be available for managers Tommy Brookbanks and Gary Stones or his players during the 2011/12 season, which kicks off a week tomorrow (Saturday August 13).
However the deal does also mean Town’s future is guaranteed and they will now press ahead with a shares scheme that will convert the club into a limited company.
“I am delighted to say that HMRC has accepted the latest offer from the club,” said Morley.
“Attached to it are a set of conditions that require some further discussion and clarification in the next couple of days.
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