Hi °C | Lo °C There aren't too many good news stories involving the taxman and local football clubs, but the New Year has brought some cheer for Bangor Football Club who have cleared their debts and are now looking forward to a bright future.
Back in January 2010 the news broke that Bangor faced a huge six-figure tax debt that could lead to a voluntary winding up order.
After negotiations with the HMRC over the past 12 months, Bangor have announced that the debt has now been settled and the club, under the management of Frankie Wilson, can go forward into a new era.
The Seasiders are looking to continue improvements in teambuilding and ground development over the next few years in a carefully planned process, taking account of the painful lessons learned during the fateful 2008/09 season when the club was relegated from the Irish Premiership.
With the tax debt now behind them, Bangor are looking to forge ahead to revitalise and re-establish the club as a force in Irish League football.
Club chairman Trevor Best said: “I would like to take this opportunity to thank several individuals who helped bring about the resolution of the tax problem, especially our financial consultant, Roy Elliott for all his hard work and advice over the last year.”
Warnock Stewart, director in charge of development, added: “The removal of the winding-up threat means that the club can now concentrate on development on and off the pitch.”
