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SBD Global/March 3, 2014/Finance
Leeds United Shirt Sponsor Enterprise Insurance Withdraws Winding-Up Petition
Published March 3, 2014
Enterprise Insurance, the shirt sponsor of League Championship side Leeds United, "has withdrawn the winding-up petition it issued against the club last month," according to Phil Hay of the YORKSHIRE EVENING POST. The petition -- served on Leeds on Jan. 29 -- "was withdrawn after a hearing at the High Court in Manchester" on Thursday. United was threatened with a winding-up order over a sum of £1.5M ($2.5M) borrowed from Enterprise Insurance in '12 "but the club repaid the money with interest" ahead of this Thursday's hearing. In a statement, Enterprise Insurance said it had taken action against Leeds after "the club’s solicitors claimed in correspondence that there was no debt to Enterprise" (YORKSHIRE EVENING POST, 2/27).