Glentoran FC winding-up petition dismissed by court
Irish League club Glentoran FC has accepted a deal to prevent it going out of business, it was confirmed on Thursday.
HM Revenue and Customs (HMRC) had brought a winding-up petition against the Belfast club over unpaid taxes said to be in the region of £300,000.
But the application was dismissed at the Northern Ireland High Court.
Glentoran's debts are to be cleared on condition that changes are made at boardroom level.
The move follows reports that shareholders had voted to accept a rescue package by an anonymous benefactor.
The changes were said to have been unanimously ratified at an extraordinary general meeting held on Wednesday night.
That paved the way for an agreement to be reached with HMRC and for the package outlined in court on Thursday.