Prestatyn Town announced yesterday that they have managed to raise the £53,000 required to write off their HMRC tax bill, which if not met, would have put their existence into severe uncertainty.
The club was issued with a seemingly unsurmountable task last month when the club were informed by the HMRC that they needed to pay off their £53,000 tax bill by the end of November.
The club have experienced a positive start to the season and sit firmly aloft the Huws Gray Alliance table, having not lost in their opening 13 games. With promotion on the cards, all seemed positive for the club as they aimed for a return to the top flight of Welsh football. However, if the £53,000 was not met, the club may well have been disbanded.
Thanks to the phenomenal fundraising efforts of the club’s board and fans, the Seasiders have managed to bring together the required total to meet the tax bill. A further positive for the club has been that they have been informed that the recent debt issue will not affect their aim to gain the Welsh Premier League domestic license.
The club’s focus now turns back to the league where they hope to maintain their unbeaten start to the season.