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Rochdale have been quick to allay fans fears that the club is in trouble after the taxman had a court hearing with them today.
In a lengthy club statement, they point to arrears that built up over previous seasons, and that they failed to meet repayments due under an agreement with the taxman over the summer, leading to the court appointment:
The winding up order was issued by HM Revenue and Customs (HMRC) back in July while discussions between HMRC and club officials were on going. These discussions have continued throughout the summer to the point whereby the club believes it has satisfied the requirements of HMRC.
Although discussions have been ongoing with HMRC, unfortunately the club were unable to make a number of previously agreed payments to HMRC due to cashflow problems and consequently HMRC took the decision to issue winding up proceedings in July.
Club officials have continued negotiations with HMRC officials and as a result of those negotiations and payments being made, the club made an informal agreement with HMRC. As part of that agreement the club applied for a postponement of the hearing on the 23rd September 2009 and HMRC assured the club that they would not oppose that application.
The club also state that they are not under a transfer embargo, and that it is 'business as usual' despite the court appearance.
