Port Talbot Town football club avoids winding up petition
A Welsh Premier League football club has avoided a winding up petition from the taxman at the High Court in London.
The action had been brought against Port Talbot Town by Her Majesty's Revenue and Customs.
Registrar Stephen Baister formally dismissed the petition on the request of the taxman's own lawyers.
After the hearing, the club issued a statement saying an outstanding debt to HMRC had been paid.
The statement said: "Port Talbot Town Football Club strongly wish to refute any suggestion that the club faces any financial uncertainty following a proposed winding up petition.
"Whilst there was an outstanding liability to HMRC, the debt was paid well in advance of any deadline and we are surprised and disappointed to see this reach the public domain and tarnish the good name of our long-standing football club."
If the club had been wound up, its affairs would effectively have been handed over to an official receiver who would have sold off assets to settle any debts, before bringing the business to an end.