0800 644 6080
Call FREE from Landline and Mobile
Est. 1989

Leeds United Winding Up Petition Dismissed on Agreed Terms

Written by: Keith Tully

Published: 13th November 2014

A winding-up petition brought against the football club Leeds United last week has been dismissed on the basis of agreed terms.

The petition was served on November 7th but has now been dismissed with a short statement from Leeds United saying that the relevant parties “are working towards resolving their remaining differences”.

Those relevant parties are the law firm Ford & Warren, which is representing the former director of Leeds United Melvyn Levi, who was involved in the running of the football club when it was owned by Ken Bates.

Bates owned the club until December 2012, when it was sold to the Bahrain-based investment group Gulf Finance House Capital. Ownership of the club was again transferred earlier this year when Italian businessman Massimo Cellino completed a somewhat controversial takeover.

The winding-up petition was served in relation to unpaid fees apparently owed to Mr Levy of around £150,000.

Nick Collins, a senior partner at Ford & Warren, told BBC Radio Leeds: “This is not a dispute with Mr Cellino. This is something he has inherited from the previous ownership of the club. We bear no ill-will towards Mr Cellino and we wish him well. I genuinely hope we can resolve this amicably, but we must do what is necessary to protect our client’s position.”

When the winding-up petition was issued on November 7th, Leeds United published a statement expressing clear frustration that news of the petition was circulated within the media.

“We have been advised by legal counsel that the publication of the winding-up order to the media within seven days of its service is illegal and amounts to an abuse of process and a contempt of court,” the statement read. 

“This activity was designed for the sole purpose of putting undue pressure on the football club. Our lawyers are demanding that the petition be immediately withdrawn, and a full apology made else we will ask the court to dismiss the petition on Monday morning.”

Leeds United play in the Sky Bet Championship, the second tier of English professional football and have struggled with a variety of off-field and financial problems since falling out of the Premier League in 2004.

*Image used under the Creative Commons license. Owner: Raddersndakman

Keith Tully

Keith Tully

Join Keith Tully on Linked In Follow Keith Tully on Twitter

Keith has been involved in Business Rescue since 1992, during which time he’s worked for both independent and national firms. His specialties include company restructuring matters and negotiating with HMRC on his clients behalf.

Meet our Team of Experts
Director Support - Business suffering from Cash-Flow Problems?
If your company is financially distressed, we also offer the below services:
Business debt recovery

  • Recover Unpaid Invoices of £5k+
  • Expert Credit Control Services
  • Stop Late Payers & Bad Debts
Visit Site
Time to pay experts

  • Get Breathing Space with HMRC
  • Support with Business Tax Arrears
  • 35 Years HMRC Negotiation
Visit Site
UK Business Finance

  • Rejected for a CBILS Loan?
  • Get Emergency Business Funding
  • Supporting 1000+ UK Companies
Visit Site
Who we help
  • Company Directors
  • Finance Directors
  • Sole Traders
  • Accountants
  • Small Businesses
  • Large Businesses
  • Partnerships
Contact our team
Jonathan Munnery
Gillian Sayburn
Julie Palmer
or Find your Nearest Office

Here at Real Business Rescue we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See PRIVACY POLICY

Business Rescue Advice for Directors
Free Guide for Limited Company Directors
Business Rescue Advice for Directors
  • How to manage company cash flow problems
  • Advice on dealing with HMRC
  • Understanding rescue and closure options
  • And much more...
Free Guide Download
Dealing with your Insolvent Clients
Business Rescue Guide for Accountants
Dealing with your Insolvent Clients
  • Helping you advise insolvent clients
  • Spotting signs of client distress
  • Exploring business rescue options
  • And much more...
Free Guide Download
Our numbers speak for themselves
Number of UK Offices
Directors Helped
Licensed Insolvency Practitioners