City are back in the courts today facing their 5th winding up order in 10 months from HMRC over unpaid tax debts although it is believed the club have cleared the latest amount of £1.3M.
This comes just after more papers reveal the current over-indebtedness and fragile state of the club. Companies House records showed that City's net 2008/09 debt was £32M and that they got through this summer thanks to two secured loans (one to Malaysian investor Vincent Tan) and director Steve Borley helping to meet the wage bill.
City are determined to put matters right but haven't ruled out more problems, including a further transfer embargo, as they face more debt demands in the near future. At least they finally seem to be running the club as a business but there's a long way to go and so much to do.
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