Next Game

Birmingham v Leeds

Saturday, 13 September 2014, 12:15

Sky Bet Ch'ship

Elland Road

Last Game

Leeds 1 - 0 Bolton

Saturday, 30 August 2014, 15:00

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

E

ven if United were to sign CR7 & Messi to play upfront, the fact remains Fletcher and Cleverly are playing in midfield. That's where the problem is. Fletcher is too slow with an awful pass, while Cleverly is simply rubbish

mrunited4life
Di Maria - A Signing of Necessity, or Opportunity?

T

hese days, these days, you can't say something racist without somebody saying that you're a racist.

tk421
'Wrong' Views Not Silenced By Shouting...

D

rop Rooney (he's so disappointing, overrated and overpaid), and play Di Maria and RVP upfront, much like the set up at the Netherlands team with Roben and RVP...

eric bush3
Di Maria - A Signing of Necessity, or Opportunity?

Footer 365

Transfer news: Tom Cleverley to remain with Manchester United after deadline day mix-up

Tom Cleverley will remain at Manchester United after Aston Villa and Everton failed to sign him on deadline day.

Transfer news: Stoke re-sign Oussama Assaidi on loan from Liverpool

Liverpool winger Oussama Assaidi has returned to Stoke City on a season-long loan.

Transfer news: Celtic sign Stefan Scepovic at the second attempt

Stefan Scepovic has made a dramatic U-turn and decided to join Celtic less than 24 hours after turning them down.

Mail Box

It's That Time Again: 'Wenger Out'

Are Arsenal fans the ficklest in the Premier League? That's one question in the mailbox as Gooners call for Wenger to leave (again). Plus, plenty of reaction to Falcao...

Wenger: The Most Stubborn Manager Going

Arsenal fans would quite like their club to sign a striker thank you very much, whilst someone is excited about Jim White et al. Plus, Klose to Arsenal please...

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