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23 Jul 2010
The taxman has issued a winding up order against League One football club Sheffield Wednesday.
More than half a million pounds (£550,000) of outstanding PAYE is owed by the club.
"We have been involved in dialogue with HMRC for a number of weeks. As such we have been somewhat surprised and disappointed by their decision to seek a winding up order at this time," said a club statement on its website.
"We understand that HMRC is taking a tougher line in general with football clubs, but feel their actions are disproportionate and will raise unnecessary speculation as to the financial position of the club."
It is working in partnership with the Co-Operative Bank and its advisors to "settle this matter as soon as is practical".
The petition will be heard in the High court on 11 August.
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