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[baldrick]

Merthyr Tydfil FC given reprieve
Club News | Wed 6th May 09
Posted by john morgan



Trust wins reprieve for club

Merthyr Tydfil have won a month long reprieve from receivership after fans intervened.

HM Revenue and Customs had issued a winding up order against the club, which owner Wyn Holloway admits has debts of about �315,000.

But a hearing at the Royal Courts of Justice in London has stayed the order for 28 days.

It will allow the Merthyr Supporters Trust to consider paying the debts.

Mr Holloway has told the 90-member supporters' trust he will relinquish control if they take over the financial burden of the British Gas Southern League side.

The trust have tabled two offers but Mr Holloway said recently: "They want me to pay off the debt then let them take over the club, that is not possible."

Merthyr, who finished seventh in the premier division, have no electrical power at their Penydarren Park ground and the club's players have suffered spells without being paid this season.

Secretary of the trust, John Strand said his association could not run a successful club with a debt in excess of £300,000.

However, the trust pressed ahead with a request at the Companies Court for the winding up order to be held back for the time being.

[RockyRobin]

I was 5 miles from Merthyr at the weekend, my host promised to take me to a game next season. A lifetime ambition having missed out on what seems to be one of the most talked about games of my generation.

One day later and the club is virtually gone.....typical.