Got something to say or just want fewer pesky ads? Join us... 😊

Leeds winding up order



Thunder Bolt

Silly old bat
It's almost like Groundhog day.

http://www.bbc.co.uk/sport/0/football/26038937

Leeds United's shirt sponsor Enterprise Insurance has filed a winding-up petition against the club over an alleged unpaid debt.
The company's managing director Andrew Flowers was part of the Sport Capital consortium that had an attempt to take over the club collapse last week.
Italian Massimo Cellino has since agreed to buy a 75% stake in the club, subject to the deal being approved.
The case will be heard in the High Court in March.
In 2012 the Gibraltar-based company lent Leeds £1.7m at 7% interest for repayment in 2015.
The Financial Times reports that the petition was filed on 29 January, the day after Sport Capital's bid fell through.
Cagliari owner Cellino, 57, agreed a deal with current owners GFH on Friday and his lawyer Chris Farnell promptly told boss Brian McDermott that he had been relieved of his duties.
The former Reading manager was then reinstated the following day with GFH claiming it was still in control of the club.
It is believed that the Sport Capital and Together Leeds consortiums have now teamed up to buy the club, dismissing Cellino's bid and promising to match his offer.
 




Leekbrookgull

Well-known member
Jul 14, 2005
16,245
Leek
Read that,wound'nt it be nice if in reality some guy owed £25 could wind-up a club ! Make them wake-up.
 






Twinkle Toes

Growing old disgracefully
Apr 4, 2008
11,138
Hoveside
Shirley not! I thought they were CHAMPIONS OF EUROPE??
 






Creaky

Well-known member
Mar 26, 2013
3,842
Hookwood - Nr Horley
The winding up hearing will likely never take place - the order looks like a tactical move to prevent the club being sold to Massimo Cellino.

Financially Leeds appear to be on a fairly sound footing.
 






Albion and Premier League latest from Sky Sports


Top
Link Here