League Two club begins to feel the bite.
Accrington Stanley have been issued with a winding-up order by HM Revenue and Customs over unpaid debts, but remain hopeful they will survive.
The League Two club will have a hearing in the High Court on 10 June.
Chairman Eric Whalley told BBC Radio Lancashire: “We have known about this and sought help and I’m 99% sure that we’ll still be here next year.
“Hopefully next season we can kick on and the fans continue to keep the faith and we’ll be ok.” (BBC Sport)
I guess we are going to be seeing more and more of this kind of news story as the financial meltdown begins to have an effect on the Football League. Obviously the credit crunch leaves a big cloud over the future of the smaller clubs in England but one can only hope that Accrington Stanley do indeed survive and their Chairman seems pretty cheerful and optimstic about their chances but I would bet that within the coming year at least one club will cease to exist because of the drastic situation that of course affects all industries and football clubs would be perverse to think it is they are any different from any other companies.