Text at top (next game etc)

Next Game: Pre-Season

Saturday, March 20, 2010

Forest Green Face Winding Up Order

Forest Green chairman Trevor Horsley has told the press the club faces a winding up order on Monday.

They owe the taxman £42,000, with Horsley telling the The Citizen: "We are in dire straits - we've had one or two hiccups over the last couple of years and things have come to a head now

"We're struggling to meet the debts we've incurred on the new stadium and we need to put an appeal out to the local community. The Inland Revenue want answers by Monday. It's a historical debt - we've made some mistakes on players' expenses and managerial expenses and didn't pay VAT on the gym when it first opened because we didn't think we had to.

"We've got it down to £42,000, having lost three (home) fixtures. The best option for me is to sell the club to a majority shareholder.

"The problem with administration is that we've got four key directors who've put in loans of over £80,000 and I don't think it's fair on them. It's always a possibility but it's not the shareholders' wishes."