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Page last updated at 17:49 GMT, Friday, 6 November 2009

Binos pay 48,000 income tax bill

Stirling Albion chairman Peter McKenzie
Stirling Albion fans attempted to raise funds to buy out owner Peter McKenzie

Stirling Albion have made a £48,000 payment to HM Revenue and Customs to avert court action that could have shut the club down.

The club had been threatened with closure previously after failing to pay an overdue tax bill.

In May, the club's owner Peter McKenzie made a £41,000 payment to save the club from liquidation.

The Binos are currently top of the Second Division, but manager Alan Moore has been linked with a move to Morton.

Stirling Albion fans launched a campaign earlier this year to raise the £800,000 required to purchase the club from McKenzie.

The campaign asked fans to purchase a £40 stake in the Stirling Albion Supporters Trust, which would then become the club's sole shareholder.

On 29 October, the club was given eight days to settle a second outstanding tax debt or the face being wound up.

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see also
Team faces new tax debt ultimatum
29 Oct 09 |  Tayside and Central
Team given extra time to pay debt
02 Oct 09 |  Tayside and Central
Binos in talks over cash demand
21 May 09 |  Tayside and Central
Unpaid tax forces club to brink
15 May 09 |  Tayside and Central