Notts County’s new owners have taken the first steps in sorting out the financial problems at Meadow Lane with a winding-up petition set to be dismissed.
Christoffer Reedtz, who purchased the club along with brother Alexander on Friday, says the issue is one of their priorities as well as paying staff a backlog of two month’s wages.
The Magpies were understood to be back in court yesterday having made an application to have the petition dismissed that was issued due to a tax debt of at least £250,000.
That will also help the club come out of a transfer embargo which is currently preventing Neal Ardley from making any signings.
Christoffer confirmed: “It has all been sorted out.
“That should all be fine. There was a court hearing yesterday.”
The non-payment of tax had forced Notts to attend the High Court on three occasions with a judge giving them an extension each time in order to allow a sale to be completed.
It was feared that had the club not been sold prior to Wednesday’s High Court hearing that Notts could have been liquidated as a result.
But following the Reedtz brothers’ takeover, it is one of a number of financial issues which will be addressed following a turbulent period at Meadow Lane.
