Preston plunged into financial crisis

Preston are the latest club to be plunged into financial crisis after being hit with a winding up petition from Her Majesty’s Revenue and Customs.

Fri, 14 May, 2010 - 19:43

Preston are the latest club to be plunged into financial crisis after being hit with a winding up petition from Her Majesty’s Revenue and Customs.

The Coca-Cola Championship side yesterday borrowed £550,000 from leisure tycoon Trevor Hemmings’ investment vehicle, Guild Ventures, to “meet the cost of players’ wages due this month”.

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CourtsSoccerHeathrowPerson: Trevor Hemmings’Person: Hemmings’Event: Coca-Cola ChampionshipOrganisation: PrestonOrganisation: Her Majesty’s Revenue and CustomsOrganisation: Guild VenturesOrganisation: DeepdaleOrganisation: North EndOrganisation: Preston North End PlcOrganisation: Alternative Investment MarketOrganisation: AIMOrganisation: Preston North EndOrganisation: HM Revenue and Customs
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