Page last updated at 12:07 GMT, Friday, 29 January 2010

Hinckley United says tax bill is paid

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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