A Leicestershire football club has said it has paid a tax bill which had threatened to put it out of business. Earlier this week Hinckley United faced a winding up petition from HM Revenue and Customs in the Companies Court in London over the £191,000 bill. After promising a deal was imminent, the club was set a new deadline of 10 February. Now a statement from Hinckley United has said the bill has been settled but no details were released. Embargo review The statement read: "Further to yesterday's adjournment to February 10th for Hinckley United Football Club to pay a petition by HMRC, we can confirm that all monies have been paid and satisfied today." The Conference North side has faced a series of financial problems because of a drop in attendances and revenue. This has led to a transfer embargo and players' wages being cut by 25%. Despite this, the club has so far enjoyed a successful season, reaching third in the table. The Football Conference confirmed they had got verbal confirmation of the deal and once written notification was received, they would review a player registration embargo on the club. A spokesman for HM Revenue and Customs said they were currently unable to discuss the matter.
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