Member Article

Leeds United reach deal to lift winding-up order

Leeds United have reached a deal to lift the winding-up order from the club’s former parent company, Leeds City Holdings (LCH).

LCH, which now holds a minority stake in Leeds United, is currently in liquidation after the High Court approved a winding-up petition.

One-time club solicitor Mark Taylor brought the petition over a bill of £45k owed for work he carried out in 2012, at the same time the time that Leeds United were sold by former owner Ken Bates to Gulf Finance House.

LCH was United’s parent company while Bates’ was club chairman and owner but the majority stake controlled by Massimo Cellino and his family is now held by Eleonora Immobiliare SPA, an Italian firm based in Milan.

A fortnight ago, Taylor’s winding-up order was challenged in court and the case adjourned.

The deal is now waiting to be signed off by the High Court.

This was posted in Bdaily's Members' News section by Ellen Forster .