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Page last updated at 11:47 GMT, Wednesday, 10 June 2009 12:47 UK

Accrington given breathing space

Accrington Stanley

Accrington have been given a reprieve after the winding-up petition against the cash-strapped League Two club was adjourned at the High Court in London.

Stanley have put forward proposals to HM Revenue and Customs to clear a £300,000 tax bill in instalments over the next 12 months.

HMRC have been satisfied that the club are serious about clearing their debt.

"It's as positive and encouraging as it can be," chief executive Rob Heys told BBC Radio Lancashire.

"We want to pay off the debt in full rather than avoiding any part of it.

"We could have quite easily said we'll pay it off in the next two months but that's obviously just not realistic," he added.

We're looking to try and build the crowds as well as one or two other initiatives

Accrington chief executive Rob Heys

"I would imagine that they [HMRC] just want to make sure that the levels of repayment that we've committed to, we are able to stick to."

Heys has accepted the amount of money involved will affect the club's finances but said plans are already in place to reduce the impact.

"It's an awful lot of money to pay over a very short period of time," he added. "But we've said all along we are committed to paying it.

"We accept it's a debt that's run up for one reason or another, so it'll be a combination of cost cutting and increasing other revenue.

"We're looking to try and build the crowds as well as one or two other initiatives that'll bring more money into the club."

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