A winding-up petition issued to Championship side Leeds United by Sport Capital has been dismissed by the High Court, according to the BBC.
The case, which related to a disputed loan made to the club last November by the consortium involving former managing director David Haigh, was originally adjourned on June 10.
But Leeds were given until today to pay back £958,000 to the company who attempted to buy the Yorkshire outfit in January of this year, or face being wound up.
That repayment appears to have been completed last week by Massimo Cellino, the Italian businessman who took control at Elland Road instead of Sport Capital, and lifting the winding-up petition means the club’s bank account will be unfrozen and player wages can be paid.
It caps an eventful seven days for Leeds, having appointed Dave Hockaday as their new head coach to replace former Reading manager Brian McDermott as well as releasing ex-club captain Lee Peltier from his contract.