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Updated: Wanderers face High Court winding up petition (From Bucks Free Press)
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Updated: Wanderers face High Court winding up petition
7:16pm Monday 4th March 2013 in News By Andy Carswell
Wanderers face High Court winding up petition
WYCOMBE Wanderers face a High Court hearing after HM Revenue and Customs issued a winding up petition against the football club.
The hearing will take place on March 25 after the taxman initiated a winding up procedure against the cash-strapped club on February 11.
The club said in a statement this evening: "Wycombe Wanderers can confirm that HMRC have advertised the club's overdue taxes.
"The club are working with HMRC to settle this amount and matters are progressing towards an amicable and workable end.
"As stated previously, the club had great difficulty releasing funds held within the assets owned by Wycombe Wanderers Trust via Frank Adams Legacy Limited, but these are now being unwound and will allow the club to operate with ample working capital."
Wanderers look set to sell their training ground to a consortium of fans for £350,000 in a bid to fill a financial black hole.
The club's Supporters Trust said recently £250,000 was needed quickly to stave off an immediate threat of administration, while members have also set up a donation scheme that enables fans to give £10 a month to the club.
Comments are closed on this article.
Comments (28)
7:54pm Mon 4 Mar 13
Lane End Man says...
OR
do they declare themselves bankrupt, apply and hopefully join Bluesquare South or even Ryman League and have zero debts?
just throwing it out there :)
8:21pm Mon 4 Mar 13
daemonite says...
8:42pm Mon 4 Mar 13
Jock's little helper says...
“Wycombe Wanderers can confirm that the HMRC have advertised the club’s overdue taxes.
The club are working with the HMRC to settle this amount and matters are progressing towards an amicable and workable end.
As stated previously, the club had great difficulty releasing funds held within the assets owned by Wycombe Wanderers Trust via Frank Adams Legacy Limited, but these are now being unwound and will allow the club to operate with ample working capital.”
8:53pm Mon 4 Mar 13
johnymac says...
I HOPE MOST OF YOU WAKE UP!
8:54pm Mon 4 Mar 13
Marmite XO says...
9:12pm Mon 4 Mar 13
billsheppard says...
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Meanwhile, in the real world the Trust are busy trying to clear up the mess your hero Steve Hayes left the club in (i.e. in administration and heading for liquidation).
9:13pm Mon 4 Mar 13
billsheppard says...
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Meanwhile, in the real world the Trust are busy trying to clear up the mess your hero Steve Hayes left the club in (i.e. in administration and heading for liquidation).
9:21pm Mon 4 Mar 13
johnymac says...
Im sorry what happens if you cant afford a house but you buy one you rocket scientist?
ITS CALLED DEBT!!!
this "company" purchased a club they couldn't afford to run or buy. and now its dying. Steve Hayes is nor ever was my hero Thanks. this isn't some WITH HIM OR AGAINST HIM argument. the fact pathetic people like you assume because i think the morons of the trust wrongly purchased a club doesn't mean im in love with Hayes.
WAKE UP!!
when we die and we are on the way. i look foward to your "the trust tried there best but it was all Hayes speech" thanks and goodnight!
9:37pm Mon 4 Mar 13
Gerry47 says...
dation of WWFC would be eased,
Hopefully a plan can be put together with HMRC to clear some/all of the debt owed to them, mainly through the sale and leaseback of the training facility at Booker, and if Wasps sugar daddy finally gets sorted he/she will pay whats owed to WWFC (although somehow I think WWFC are way down Wasps list).
In the longer term the trust have got to somehow entice the good folk of High Wycombe and the surrounding district to come and support their local football team. Not any easy task when they're in competition for paying punters with a premiership LONDON Rugby club, and a local paper whose Blogger (Ivor) suggests to the readership that Adams Park on a football matchday is a dangerous place to be.
So to people out there, what can the trust do to tempt you to Adams Park and help the towns 125 year old football club survive for another 125 years ?
9:45pm Mon 4 Mar 13
johnymac says...
the people of wycombe need a reason to get behind them... THERE IS NO REASON ANY MORE.
You have your loyal fan base we are there week in week out but there is no desire for the average Jo to watch wycombe. I watch wycombe. for12 pound more a week you can go see prem football 30mins down the road in Reading.
Really? if the average jo fancy's a football game for an extra half hour car journey you can see a decent standard.
The desire isnt there.
The club is falling and all the trust does it continue to blame Hayes.
pointing the figure is DONE now.
but im sorry there alternative options. but this club is going down alot quicker than it was a year ago. thats the truth. these people cant run a club. they have not got a clue.
10:01pm Mon 4 Mar 13
norma stitz says...
Gerry47 wrote:
johnymac wrote:
billsheppard wrote: johnymac wrote: the trust is KILLING the club. i hope this will finally make the majority wake up and see how appalling these people are. "were fans to save the clubI have read some rubbish re WWFC but you take the biscuit.
Ill informed nonsense.
WWFC will still be around next season as a league club but will you be around to support them?
10:17pm Mon 4 Mar 13
susie1000 says...
11:14pm Mon 4 Mar 13
ImpeturbableLawrence says...
11:23pm Mon 4 Mar 13
djwyc14 says...
The Trust did not WANT to buy the club - they stepped in and SAVED it when hayes pulled the plug and decided he wanted out after the stadium was rejected by the council.
It was your mate Steve Hayes that wracked up millions of debt at WWFC, and had it at operating losses of around £1.5million per year. You are right- the Trust don't have a bottomless pit of money, and they aren't going to continue the Hayes model of debt and pile up more debt, they are trying to run the club sustainably at break even. It goes without saying that they are trying their utmost to convert a club that was losing substantial amounts to a club that breaks even, although this can't be easy. The Trust have my full support and I wish the town of Wycombe would respond and the Bucks Free Press would make this front page news and appeal for the local people to back its local football club.
11:56pm Mon 4 Mar 13
billsheppard says...
All we hear from you is vindictive sniping when what we need is engagement from supporters, both regulars and those who have drifted away in recent times to come back and put their shoulder to the wheel for the club in its hour of need. You might get called 'pathetic people' by pustules like our bitter and twisted friend, but to paraphrase a famous song, "Though cowards flinch and traitors sneer, we'll keep the blue flag flying here!"
12:24am Tue 5 Mar 13
u5r23 says...
Look it up if you don't understand what I mean by the word 'illiterate'.
12:27am Tue 5 Mar 13
djwyc14 says...
At least the Trust have the priorities of this football club right and are trying to put it back on a sound footing. The reality of the situation however is that this may take some time due to the astronomical mismanagement of the Hayes era where everything banked on a new stadium with no plan B and no strategy to reduce the climbing debt. This is where the BFP should come in and promote the plight of WWFC more and get the message out there. If they don't, they can add their name to the bottom of the list of people responsible for the situation of the club. Hayes' name is definitely top of that particular list.
I know that the Trust are looking at adjusting ticket prices for next season and they know the current prices are too expensive. Watch this space.
1:55am Tue 5 Mar 13
J B Blackett says...
.
The only thing these sort of people do is put the boot in - but not in a nice football-y sort of way.
.
The Trust should be given 'credit' for trying to do something positive - whereas Hayes-type people , bankers , speculators et alia are in it for merely for their own money-grubbing selves.
.
If this was Chicago in the 1920s , they might have been considered part of the Mafia. And don't forget - it's only just a couple of years ago , some of our senior Wycombe councillors were very cosy (nostra ?) with these shady dodgy financial types (allegedly).
With politicians, bankers and money merchants the outcome is always bad news for everybody else. Good luck WWFC - and all who sail with her
8:23am Tue 5 Mar 13
WycombeMan&Boy says...
dation of WWFC would be eased,
So to people out there, what can the trust do to tempt you to Adams Park and help the towns 125 year old football club survive for another 125 years ?
WELL GET THAT MONEY IN AND GETTING ON TOP OF DEBT COLLECTION WOULD A GOOD WAY TO SHOW THAT THE TRUST HAS THE ABILITY TO MANAGE CLUB AFFAIRS PROPERLY AS THIS ALONE LOOKS LIKE POOR MANANGEMENT.
Not really shouting but just need to differentiate the quotes from above from my point of view...
8:52am Tue 5 Mar 13
billsheppard says...
10:06am Tue 5 Mar 13
mowgli1960 says...
11:24am Tue 5 Mar 13
blues chick says...
1:01pm Tue 5 Mar 13
sparky49 says...
1:20pm Tue 5 Mar 13
geoffW says...
The trust has assets that it can use to raise money, but apparently can't get to them at the moment. They would rather like the supporters to dig into their pockets ... again. This is promoted as a stop-gap, yet the supporters will not get any of the money they "donate" back.
It is like me saying "can you GIVE me £100? I don't get paid for a few weeks"
2:41pm Tue 5 Mar 13
J B Blackett says...
.
They wind up people (and businesses). Actually and figuratively.
.
They used to called gangsters and money-launderers and criminals but nowadays (like with the pigs in Orwell's Animal Farm) they sit down with our horrible politicians and ask for subsidies for their huge undeserved bonuses.
.
Snouts deep in the trough . That's YOUR trough btw.
4:41pm Tue 5 Mar 13
Wycombite says...
9:59pm Wed 6 Mar 13
cressex blue says...
10:52pm Wed 6 Mar 13
Fit2drop says...