Irish League club Glentoran could be the next club to face administration after Revenue and Customs told the club it will begin court proceedings to recover money owed.
Should Glentoran go into administration, either voluntarily or if forced to by Revenue and Customs, the clubwill have nine points deducted from its league score.
It is reported that Glentoran owe as much as £300,000. Attempts to improve the clubs financial situation, including putting its top five players on the transfer list and becoming the first Irish League club to put its stadium naming rights up for sale, have not solved the cash crisis.
It appears that Revenue and Customs want to recover all football club debts in the next twelve months. This would mean a £25,000 monthly repayment for Glentoran. As the club cannot agree to such a figure Revenue and Customs may have no choice but to initiate court proceedings.