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Oldham Athletic Close To Entering Administration

Posted on Mar 03, 2020. by NTI

According to news reports, Oldham Athletic football club are close to going into Administration.

They were apparently served with an Administration Application on 28 February 2020 by their landlord, Simon Blitz, via his company, Brass Bank.

They now face a court hearing at 2pm on Friday 6th March, which could see Administrators appointed immediately unless the debt is paid in full. The debt is allegedly £600,000.
 
It is believed a potential Administrator has been approached, with Mr Blitz keen to provide the backing via Administration.

This is in addition to HMRC filing a winding up petition at the High Court in relation to unpaid tax debts which are understood to be in the region of £70,000.

Staff at the club have reportedly been told that their February salaries would be paid up to a week late.

Should they go into Administration, they also face a points deduction in the league (12 points), with the deadline for points penalties to be enforced being 26 March.

It is believed the problems at Oldham date back to their previous Administration in 2004, and have been ongoing ever since.

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