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Page last updated at 12:03 GMT, Thursday, 2 December 2010

Glentoran close to resolving debts owed to taxman

Oval stadium in east Belfast
Premiership club Glentoran's home ground is at the Oval in east Belfast

Glentoran is close to resolving its outstanding debts owed to the taxman, BBC Sport understands.

Last week, the club was served with a winding-up order to appear at the High Court on 9 December but the danger now appears to be receding.

The club is understood to have secured one or more benefactors who are prepared to meet the debt.

The tax authorities have been informed and next Thursday's scheduled court date now appears unlikely to happen.

There has been no official comment from the East Belfast club but it is understood that those who have come to its financial rescue are insisting on anonymity.

On Tuesday, Glentoran chief Aubry Ralph said that he was confident they would avert a winding-up order being issued against them.

The debt-ridden Irish Premiership club are believed to owe the taxman between £250,000 and £300,000.

"With the help of all our creditors, I think we will be safe enough. We are well on the way to where we need to be," said Ralph.

"We are positive about the situation and are working on a lot of things."

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see also
Glentoran face winding-up action
26 Nov 10 |  Irish
Glens face administration threat
22 Oct 10 |  Irish
Glens to sell Oval naming rights
21 Sep 10 |  Irish

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