HMRC will probably instigate a winding up order, so yes the club will go to the wall.

And I fear HMCR will use us as an example and stuff us.

Where has this story that we were offering the TAX man so many pence in the pound? Anyone in their right mind knows that this never happens. At the fans forum and before it. Was the plan to delay the payment for 6 or 12 months not the case, and were we not very close or certain that they would accept this? What has happened behind closed doors in the quiet period since the forum meeting? Thats what I want to know.

Unbelielvable! What on earth are we doing trying to negotiate with the tax man!! What a waste of time. They always get what they want, even if it puts a company under. They would have been better using their energy to raise the funds to pay the taxes and then try to negotiate with all the other creditors afterwards. I thought the BOD were experienced businessmen?

That's definably the worst case scenario.

But how much will HMRC get if they wind us up? Not much. We may be worth more to them as a going concern.

But do they ever think like that?

They want all or nothing and will wind us up.

They won't get a penny Michael but that's not the point I make I think they will screw us to the ground as a warning to others.

I think you're both correct.

To be fair we don't know or aren't privy to what was offered. I wonder if we can get Andy Burnham taking the case up for us. I can understand HMRC stance, sports clubs have got away with murder in the past.

As I questioned, when was the first fans forum? At the time we looked a good bet to make the GF and with £30k at least pocketed there wouldn't have been a problem, sadly this is what happens when something happens to a wealthy benefactor.

I now want to know where all this money we have raised and the money that I am paying to LISA is going to go if we go bust?

Sounds like a good question!

hopefully LISA can get its money back and the funds that have been raised are in a secure bank account.

LISA is a separate organisation - any money that it currently hold will stay where it is.

Any money that went to the club will have been used, or will be used, to pay our creditors or service or overdraft, etc.

We can't let this issue put us off trying to save our club, but we need to make sure the money goes to LISA to protect it, and that it is only handed over when the clubs future is secured (even if the LISA money is part of what is securing that future)

I'm sure the LISA money is ring fenced... although more learned people than I will surely answer more thoroughly.

If we go bust and no new club is formed what happens to the funds then?

But I suppose there must be a contingency plan?