Newcastle Falcons Issued With Winding-Up Petition
Premiership Rugby side Newcastle Falcons was served with a winding-up petition over an unpaid tax bill on Dec. 12, according to Alex Lowe of the LONDON TIMES. The club "paid the majority of the bill on receipt of the legal threat" from U.K. tax authority HMRC but there was reportedly still around £100,000 ($138,600) outstanding until the start of last week. Newcastle sources said that the club paid the final balance on Wednesday, "hours after details of the winding-up petition and the court date had been published." The club now believes that the case, scheduled to be heard on Feb. 7 at the Royal Courts of Justice in London, will be annulled, although there was no record on Thursday of a dismissal notice "having yet been lodged." It is the third recorded occasion in two years that Newcastle has "flown close to the wind with the tax authorities." The Newcastle Chronicle reported in April '16 that the club "had faced two winding-up orders in the space of a few months, but paid the outstanding balance on both occasions" (LONDON TIMES, 1/19).