Leeds issued with a second winding-up petition after owing £1m to investor

-
Mail 7/5/14
Leeds have been issued with a second winding-up petition this season
The troubled club owe Sport Capital, a company associated to former director David Haigh, £1m
Leeds were previously issued with a petition from former sponsor Andrew Flowers before new owner Massimo Cellino paid the £1.5m owed
By SIMON JONES
Leeds United have been issued with a winding-up petition by Sport Capital.
The company, that former managing director David Haigh is associated with, are owed in the region of £1m.
The money was given to the club as a loan, but the date for repayment has been missed and the petition is set to be considered at a hearing on 9 June.
Sport Capital's attempted takeover of the club collapsed in January before Massimo Cellino eventually took control at Elland Road in April.
Haigh, who joined the club's board when GFH took over in December 2012, resigned last month.
This is the second time this year the club have been issued with a winding-up petition by an investor after former sponsor Andrew Flowers served them with one before withdrawing it when Cellino repaid the £1.5m he was owed.
The Italian also had to pay a tax bill in the region of £500,000 and the remainder of players' deferred March wages after taking over in April.
Leeds finished 15th in the Championship this season and Cellino has said the club must be 'healthy' before it can challenge for promotion back to the Premier League.

Popular posts from this blog

The huge initial fee Leeds are set to receive for Crysencio Summerville’s move to West Ham — Leeds United News 31/7/24

-
Will Butcher West Ham United are closing in on a deal to sign Crysencio Summerville from Leeds United, and Ben Jacobs has shared how much Leeds will receive for the Dutchman. The 22-year-old has been strongly linked with the Elland Road exit door all summer and was targeted as the one big sale Leeds needed to make before the Profit & Sustainability Rules deadline this month. But instead, Leeds sold Archie Gray for £40m to Tottenham. Leeds have since sold five more players in the form of Diego Llorente, Marc Roca, Kris Klaesson and Charlie Cresswell – raking in around £60m in total. But more exits were always likely and Fabrizio Romano reported on Wednesday afternoon that West Ham had agreed personal terms with Summerville, and talks for a fee were ongoing with the Yorkshire side. Now, the story has moved on with multiple sources claiming a deal is done between Leeds and Angus Kinnear’s old club. The Dutchman is expected to sign a five-year at the London Stadium, until Jun...
Read more

Leeds United board break silence after transfer window with statement on upcoming Elland Road development — YEP 2/9/24

-
By Joe Donnohue Leeds United have confirmed supporters' commemorative stones at Elland Road's Centenary Square will be replaced free of charge in a bid to improve their longevity. Beginning next month, Leeds supporters' personalised stones will be replaced with exact replicas, courtesy of a new company, to ensure of a 'much better quality' installation. The work is expected to take around two months to complete. An official club statement confirmed 'three larger stones dedicated to former managers Don Revie, Howard Wilkinson and Marcelo Bielsa' will also be installed, 'similar to those located in Bremner Square', while additional space for supporters to purchase new stones has also been factored into the project. “The club have taken on board recent feedback from supporters on the stones at Centenary Square, and we are really happy that we can now announce that all of the stones will be replaced," chief executive Angus Kinnear confirmed,...
Read more

Leeds United transfer state of play as Whites knock back low bid and assert wing pair stance — YEP 3/7/24

-
By Graham Smyth Leeds United are not actively looking to cash in on Crysencio Summerville and Willy Gnonto and believe any further outgoing transfer business will be done on their terms. The Whites, who sold Archie Gray to Tottenham Hotspur on Tuesday for £40m, expect that there will be continued interest in wing pair Summerville and Gnonto as the summer transfer window progresses. Summerville has been a target for Premier League side Brighton and Hove Albion but their interest has not yet materialised into a bid. The Albion did, however, send a £30m proposal for Georginio Rutter, which Elland Road chiefs rejected. Rutter is not expected to try and force an exit this summer and appears settled at Leeds after a far more positive second season in English football. The sale of Gray has helped put Leeds into a position where they do not need to sell star players and can dictate any moves that do happen. Club sources say they are not actively looking to sell the likes of Summerville o...
Read more