Elland Road

Next Game

Leeds v Sheff Wed

Saturday, 04 October 2014, 12:15

Sky Bet Ch'ship

Elland Road

Last Game

Leeds 0 - 0 Reading

Wednesday, 01 October 2014, 19:45

Sky Bet Ch'ship

Leeds ordered to repay loan

Leeds have been ordered to repay a loan of nearly £1million by the High Court after being served with a winding-up petition.

Last Updated: 10/06/14 at 19:41 Post Comment

Leeds: Ordered to repay £1m loan

Leeds: Ordered to repay £1m loan

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

The Sky Bet Championship club could be wound up if the debt - a £950,000 loan - is not paid.

However, a barrister representing the club told a hearing before a registrar at the High Court in London that payment could be "made very quickly".

Another hearing of the case is scheduled for June 23.

The registrar was told that money Leeds owed to the taxman had already been paid - that amount was not disclosed.

"The club wants time to pay," Rory Brown, for Leeds, told Deputy Registrar Chris Garwood at the hearing in the Companies Court - which is part of the High Court.

"The payment can made be very quickly."

Lawyers said Leeds' owner Massimo Cellino had paid money owed to HM Revenue & Customs.

And Mr Garwood told the hearing: "There is nothing which prevents him paying this debt if he doesn't wish the company to be wound up."

Mr Garwood heard that the money had been loaned by a company set up by the club's former managing director David Haigh.

The company, Sport Capital, had complained that it had not been paid and had launched a winding up petition.

Leeds on Tuesday argued that the petition should be "struck out".

Lawyers said the money was loaned by Mr Haigh not by the company, and said the company was "not a creditor".

They suggested that the winding up petition had been launched to "exert pressure" on the club.

And Mr Brown said the club was in the process of investigating whether it had been "defrauded" by Mr Haigh.

He said the club was concerned that it may be "in receipt of stolen money".

Mr Garwood dismissed Leeds' application for the winding up petition to be struck out.

He concluded that Sport Capital had loaned Leeds the money and said the club was "scratching around".

He dismissed Leeds' concerns about being in receipt of "stolen money" - saying there had been no findings of criminality.

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

Related News

Most Commented

Readers' Comments

I

put Ince in my fantasy football team, so it's no surprise at all really. I do that to players. Also responsible for De Jong and Upson being injured. Think I'll transfer in Di Maria just to ruin United....

megabrow (cufc)
F365's Top Ten Surprise Strugglers

L

ovren? £20m always seemed a touch on the expensive side, but I wasn't expecting him to be quite such a waste of money

stevenjameshyde
F365's Top Ten Surprise Strugglers

H

alf of our players have the physical presence of a 14 year old girl. I don't know why people are always shocked that they're injured.

TheWhiz
Wenger baffled by injuries

Footer 365

Sky Bet Championship: Fulham thump Bolton, Huddersfield win at Wolves, Leeds held

Fulham thrashed Bolton 4-0 in the Championship, while Huddersfield won at Molineux to deny Wolves top spot.

Premier League: Sunderland boss Gus Poyet delighted Lee Cattermole stayed at club

Gus Poyet believes keeping Lee Cattermole was the best transfer decision he has made while at Sunderland.

Champions League: Liverpool out of sorts in 1-0 defeat at FC Basel

Liverpool paid the price for a disjointed performance as they fell to a 1-0 defeat to FC Basel in the Champions League.

Mail Box

It Was Better When City Were Rubbish

'I think I preferred it when we were s**t' says one City fan in the afternoon mailbox. There's a decent chat about the empty seats plus views on Liverpool and Roma...

Do City Really Need To Expand Their Stadium?

That's the question posed by one Man United fan in the mailbox after seeing the empty seats at the Etihad last night. Sadly, there isn't a single mail from a City supporter...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property