Chester wound up by High Court
Reuters - Wednesday 10 March 2010, 20:45
LONDON - Debt-ridden Chester City were wound up by the High Court on
Wednesday, the Press Association reported.
The 126-year-old club had been expelled from the Football
Conference last month for failure to pay taxes
of 26,125 pounds and without any court representation
their fate was inevitable.
Chester were formed in 1885 and reached the League Cup
semi-finals in 1975. They were a Football League club until
their relegation to the Conference 10 years ago.
They won promotion back to League Two in 2004 but were
relegated again last season. Their record in this season's
Conference has been expunged.
Also in court on Wednesday were Championship club Cardiff City and League One Southend United but both clubs avoided winding-up orders.
Cardiff have 56 days to pay off arrears of about 1.9 million
pounds and Southend have a shorter timeframe to settle debts of
411,000 pounds.
The most high profile English club facing serious financial
problems are Premier League Portsmouth who last month went into
administration with debts of almost 80 million pounds.