Leeds United’s shirt sponsor Enterprise Insurance has filed a winding-up petition against the club over an alleged unpaid debt. The company’s managing director Andrew Flowers was part of the Sport Capital consortium that had an attempt to take over the club collapse last week.
The case will be heard in the High Court in March. In 2012 the Gibraltar-based company lent Leeds £1.7m at 7% interest for repayment in 2015. The petition was filed on 29 January.
Leeds United’s shirt sponsor Enterprise Insurance has filed a winding-up petition against the club over an alleged unpaid debt. The company’s managing director Andrew Flowers was part of the Sport Capital consortium that had an attempt to take over the club collapse last week.
The case will be heard in the High Court in March. In 2012 the Gibraltar-based company lent Leeds £1.7m at 7% interest for repayment in 2015. The petition was filed on 29 January.
The move appears to be an attempt to thwart a takeover by controversial Italian Massimo Cellino. It is, however, a high risk strategy as costs could be awarded if the claim turns out not to be well founded.
For its part, the court could appoint an administrator. However, the case may well not reach court if a purchase of the club is agreed in the meantime.