Macclesfield Town football club has been wound up in High Court this morning (16 September).
The judge at the specialist insolvency and companies court was told that club owed more than £500,000.
A solicitor for former manager John Askey was told he was owed £173,000.
The club’s owner Amar Alkadhi had previously claimed a sale was in the advanced stages, but the judge ruled there had been no evidence of the club’s ability to pay its debts.
Alkadhi has asked for another eight-week adjournment.
Macclesfield recently dropped back into non-league football, having been relegated with a points deduction following breaches related to non-payments of wages.
The announcement that the Silkmen – a club with 146 years’ worth of history – could fold is another devastating blow for football in the North West.
Bury were expelled from the EFL in 2019, with Wigan Athletic entering administration during the summer.