Quote ="Cassandra"11/05/2008
Former Football League club Halifax Town has gone bust and faces a challenge to re-form at a lower level next season. Halifax collapsed on Friday with debts totalling more than £2m. Administrators offered a settlement of 2.5 p in the £ but creditors refused and the club will now be liquidated just three years short of its 100th anniversary. The final straw came when it was emerged that the taxman was owed more than £800,000 - far more than initial estimates and a sum administrators described as 'insurmountable'. Halifax Town will now cease to exist in their current form and the only option is to start a new club from scratch further down the non-league pyramid. It is not know whether David Bosomworth - the man behind the consortium that was engaged in a protracted bid to buy Halifax - would back a reformed club, but the Supporters Trust have already discussed the idea of setting up a fans club on the lines of AFC Wimbledon. However, it would be very difficult to start such a club in time for next season. One challenge for them, or any re-formed club, would be where they would play.'"
Halifax players threatened strike action over unpaid wages in April 1990. The club sold Neil James for £20,000 to pay wages but were still in financial trouble including an unpaid tax bill of £70,000. Halifax went into the hands of receivers, £760,000 in debt, a take-over bid having failed after the players refused to take a pay cut. The club was re-formed and the assets were purchased by the Marsland/Gartland consortium of local businessmen.
