Following a winding up bid by tax officials, Macclesfield bosses have been given just one week to show that a debt of nearly £189,000 can be cleared.
A judge considered a winding-up application by HM Revenue and Customs at a virtual hearing in the specialist Insolvency and Companies Court on Wednesday.
Judge Sally Barber was told the football club had a tax debt totalling nearly £189,000, and owed more than £700,000 in total. She said she wanted evidence of Macclesfield’s ability to pay the tax debt and said the case would be reconsidered on September 16.
Barrister Raj Arumugam, who represented HMRC, said eight other creditors, including former manager Sol Campbell, were owed, in total, more than £500,000.
The Silkmen were relegated from League Two in August – following a points deduction for breaches relating to non-payment of wages.
A barrister representing Macclesfield said negotiations for a sale of the club were at an advanced stage. Niall McCulloch said bosses expected to complete a sale by the end of September and that the tax debt would be paid.
He added that Macclesfield bosses dispute the amount Campbell said he was owed and that the issue was the subject of ongoing arbitration. McCulloch also commented that the club was appealing against the relegation decision.