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Page last updated at 14:03 GMT, Wednesday, 24 February 2010

Notts County winding-up petition dismissed

Ray Trew
Former Lincoln chairman Trew bought Notts County for 1

A winding-up petition against League Two side Notts County has been dismissed by the High Court.

The cash-strapped club said on Tuesday that they had paid the outstanding £324,000 tax bill, and the matter was resolved at a hearing on Wednesday.

Notts were bought by Ray Trew earlier this month and have only narrowly avoided going into administration.

The Magpies have debts of more than £6m but Trew says they will be negotiating with their 263 creditors.

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