Sheffield Wednesday escapes administration

The Co-operative Bank came to the rescue of Sheffield Wednesday in the High Court today by settling the football club’s debts with the taxman.

The Co-operative Bank came to the rescue of Sheffield Wednesday in the High Court today by settling the football club’s debts with the taxman.

Hilary Stonefrost, representing the bank, said it was prepared to pay the £703,000 (€855,365) debt if HM Revenue and Customs withdrew its winding-up petitions against Sheffield Wednesday Football Club and Sheffield Wednesday plc.

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