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Leeds hit with another debt demand

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Leeds United were issued with a winding-up order just 17 days after Massimo Cellino completed his takeover of the club, The Mirror reports.

Former managing director David Haigh claims a company he is linked to, Sports Capital, is owed £1 million by the Elland Road club. Legal papers were given to the High Court on April 25 after Leeds failed to respond.

Massimo Cellino was issued a winding-up order just 17 days after taking over Leeds United.

Massimo Cellino was issued a winding-up order just 17 days after taking over Leeds United.

Haigh himself claims he is owed £600,000 by Leeds and The Mirror reports the club are losing £1 million a month.

The newspaper also says that Andrew Flowers, managing director of the club’s shirt sponsors, is owed in the region of £100,000 and former chief executive Paul Hunt is still waiting for the £70,000 he is allegedly owed.

Cellino paid Gulf House Finance £6 million for the completion of his takeover but is still to pay a further £3 million instalment due on the deal.

The Italian, who also owns Seria A club Cagliari, agreed to buy a 75 per cent stake in Leeds in February only for the Football League to reject the move but Cellino was able to force through the takeover following a ruling by an independent QC.


ScoopDragon Football News Network

Article title: Leeds hit with another debt demand

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