The New Saints: Winding-up petition dropped
A winding-up petition for Welsh Premier League football champions, The New Saints, has been dropped after a High court hearing.
The club, based in Oswestry, Shropshire, was left "shocked" after the petition was issued by HM Revenue and Customs (HMRC) on Friday.
On Monday, it emerged the club had already paid a £6,000-income tax debt before the petition was served.
The club said it was in an "extremely healthy financial position".
For The New Saints, James Kinman told Registrar Nicholas Briggs the debt for income tax on employees' earnings (PAYE) had been paid before the petition.
After talks between both sides, HMRC confirmed this was the case.
Following the hearing in London, Ian Williams, the club's chief operating officer, said: "The club confirms that there was no case and the listing was therefore dismissed by the court due to an error by the petitioners, HMRC, who have also agreed to cover all of the club's costs.
"They will be publishing a statement in the London Gazette in due course."
The club represents both Oswestry and Llansantffraid-ym-Mechain in Powys - which are separated by eight miles (12.8km).