Newspaper article Evening Chronicle (Newcastle, England)

Gateshead Must Settle Debts to Avoid Action; Winding-Up Petition Is Dismissed but Concerns Grow for Club's Future

Newspaper article Evening Chronicle (Newcastle, England)

Gateshead Must Settle Debts to Avoid Action; Winding-Up Petition Is Dismissed but Concerns Grow for Club's Future

Article excerpt

Byline: JEFF BOWRON

A WINDING-UP order against crisis club Gateshead was dismissed yesterday - but the Tynesiders' debts must be paid in full as soon as possible to avoid further action.

The club had not responded to an HMRC winding-up petition for just over PS20,000.

Gateshead settled a previous HMRC winding-up petition in January for PS11,000 when star striker Scott Boden was sold to Chesterfield for PS12,000. The current situation is much more serious with the club's future in doubt.

We low don't sponsors, a miracle The National League hold a PS200,000 bond for Gateshead, whose squad is down to 16 players. All players and staff have been paid ahead of Saturday's home game against Barnet.

A club statement said: "The court case regarding Gateshead Fooball Club's winding-up order has been dismissed, however the club still need to make payment in full as soon as possible to prevent further action from being taken."

" Gateshead had earlier stated theybeen "speaking regularly with HMRC in order to settle the debts. This equates to PS20,223.61.

"We are also speaking to the National League in order to release funds from our PS200,000 bond in order to settle these debts and ensure the order goes no further."

very and many so it's where are.

Gateshead's chief financial advisor Joseph Cala, meanwhile, has fired a warning shot ahead of an important supporters meeting tonight.

Cala Gateshead FC Supporters Club is holding what promises to be a lively together for concerned fans at 7pm tonight at Pelaw Social Club.

National fans organisation Supporters Direct will be in attendance with Cala and the club's current predicament at the forefront of discussions.

While Gateshead's Indian owner Dr Ranjan Varghese has only visited the club three times, Cala is in charge of day-to-day operations.

And it is the American-based businessman who is bearing the brunt of the fans' vitriol. …

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