Notts County latest: League Two strugglers have winding-up petition adjourned to complete sale

Notts County latest: League Two strugglers have winding-up petition adjourned to complete sale
League Two strugglers Notts County have been given time to complete the sale of the club after a winding-up petition was adjourned by the High Court until June 5.Magpies owner Alan Hardy announced last week he was close to selling the club, who owe HM Revenue and Customs 200,000 in unpaid taxes.1

Notts County have been given an extension to settle their debt with HMRC

“We have been given until June 5 to settle our debt to HMRC,” the Sky Bet League Two club said on Twitter.“At a High Court hearing (on Wednesday), the judge adjourned the case in order to allow sufficient time for the takeover of the club to be completed.”Hardy saved County from possible extinction in January 2017 when he bought out predecessor Ray Trew, but put the club up for sale in January this year. Hardy’s company Paragon Interiors went into administration, but he confirmed last week that he hoped prospective new owners would be able to take County forward after completing due diligence.Hardy said last week he expected the outstanding HMRC debt to be paid in full by early May.

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Notts County are bottom of League Two, two points from safety, but remain hopeful of retaining Football League status after losing only one of their last five matches.

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