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The Conference has announced that its member clubs have paid off over around 75% of the debts they owe to the taxman over the past year.
On introducing a Financial Reporting Initiative, designed to keep a check on clubs' spending, 12 months ago the member clubs owed the taxman £1.6million for PAYE, VAT, and National Insurance. The figure owed is now under £400,000.
Despite this another club has issued a warning over its immediate future. Redditch United, where the Bulls currently have Sam Malsom out on loan, have told supporters they urgently need £30,000 after falling behind on payment plans covering older debts. They blame the matter on having had just seven home games so far this season, far fewer than expected, and will meet supporters on Monday to discuss the club's future.
In other Conference news, Mansfield have sacked manager David Holdsworth after a run of just one win in eight games. The 42 year old was touted as a potential Bulls managerial candidate in the summer, but won just 37 of 90 games in charge.
