The club's parent company Century City Football are alleged to owe $2.7 million in unpaid taxes as part of an overall $12 million said to be outstanding from all of owner Terry Serepisos's Century City companies.

The tax office has now filed a liquidation order to be heard by a court on December 13.

But today Phoenix issued a statement claiming the matter was in hand and would be resolved before it reached court.

Century City Football is one of five Century City group companies that have been in discussions with Inland Revenue regarding tax liabilities, the club confirmed.

They said an arrangement is in place between Century City and Inland Revenue to address the matter before the end of the year but Inland Revenue is just following normal legal procedure by launching the legal action.

However Phoenix chief executive Nathan Greenham said he was is confident the tax issue would be settled in the next few weeks with minimal impact on club operations.

“The club is confident that the issue is in hand and will be resolved in the coming weeks," he said.

"On that basis, it’s business as usual for us and we’re continuing to work hard on and off the field in the Hyundai A-League.

“I understand the concerns supporters may have but I would like to urge them to keep the faith and get behind the team.

"The club and football have a bright future in this country and many, many people have worked hard to make the club as successful as it is.

“There is no cause for undue alarm or rash reactions.”