Next Game

Huddsf'ld v Leeds

Saturday, 31 January 2015, 12:30

Sky Bet Ch'ship

Elland Road

Last Game

Leeds 1 - 0 B'mouth

Tuesday, 20 January 2015, 19:45

Sky Bet Ch'ship

No Leeds administration fears

Leeds managing director David Haigh has insisted there is "no chance" of the club going into administration.

Last Updated: 13/03/14 at 10:11 Post Comment

David Haigh: Remains calm over Leeds United's financial situation

David Haigh: Remains calm over Leeds United's financial situation

Since agreeing to buy a 75 per cent share from current owners GFH Capital, Massimo Cellino has effectively been bankrolling the Sky Bet Championship outfit, funding loan moves for Jack Butland and Connor Wickham as well as paying wages.

The Italian has, however, told Leeds he will not inject any more money into the club unless his takeover bid is approved by the Football League.

The Football League board is due to meet on Thursday to discuss the matter, but a decision may not be made until after a court case next week in Italy revolving around alleged non-payment of import duty. Cellino denies any wrongdoing.

The likely delay has prompted talk of Cellino walking away and the club falling into administration, but Haigh has rubbished such rumours.

He told the Yorkshire Post: "The club is in good hands. It has money and there is no chance of the club going into administration. None whatsoever.

"I keep hearing these whispers, where people have put two and two together to make 550. We had a winding-up order recently, which caused fans to panic.

"But the club is not in any kind of precarious financial position. Either now or in the future. It is not true and never has been.

"As a director of a company, there is a test of solvency that you have to go through. Can the company meet its debts, as and when they fall? And yes, Leeds United can."

Cellino earlier this week revealed his frustration at the situation, telling The Sun: "It has been a black hole and things cannot carry on like this.

"I have to wait for the decision of the Football League before I put any more money in.

"I want to help Leeds and get to work, but I cannot do any more until I am the owner."

Related News

Most Commented

Readers' Comments

F

irst Townsend, now Chiles. What next ITV? Comedy that you can actually watch without vomiting up your own spleen? I'll be sad to see Matt Smith go though. I actually quite like him. Plus, he was good in Doctor Who.

sailingmagpie
Adrian Chiles to leave ITV

H

e's like Jay from Inbetweeners. Could've had him, had him, didn't want him, turned him down.

lee
Wenger criticises work permits

A

wful, awful pundit. He was crap on BBC, and offered a little more analysis than Robbie Savage - apart from the delivery of banality in a sexy accent. Also, as I'm Irish he'll never be more then a slimy, hand-balling f**ker in my eyes.

batdog
Football People On TV: Thierry Henry

Footer 365

Serie A round-up: Lazio see off AC Milan 3-1 as Philippe Mexes is sent off for moment of madness

Marco Parolo scored twice as Lazio heaped more woe on Milan, who had Philippe Mexes sent off in a 3-1 defeat.

Premier League: Daniel Sturridge in contention for Liverpool's Capital One Cup semi against Chelsea

Daniel Sturridge will return to full training on Sunday and could be available for the Capital One Cup semi-final.

Transfer news: Villarreal announce Paulista is joining Arsenal with Joel Campbell moving on loan to Spain

Villarreal have confirmed Gabriel Paulista is close to joining Arsenal, with forward Joel Campbell going the other way.

Mail Box

Appalling, Slow, Pathetic, Embarrassing

It's a bonus Saturday Mailbox, with plenty of reaction to the most alarming 0-0 draw in Manchester United's recent history. At what point do we worry about Louis van Gaal?

Why Do Man United Look So Impotent?

It's all very well talking about formations and United's defensive problems, but shouldn't their expensive attacking options be doing better? And we talk psychology...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company