FFA Records $6.2M Profit For '13-14 Healthpoint Partners With Man City Portsmouth To Host America's Cup Races BBC To Show All FIFA Women's WC Games Spanish Football Federation In Conflict Firm Near New Spurs Stadium Burned Finance Notes Brazilian Football Clubs In Cash Crisis Lewis Hamilton In For Windfall Craig Whyte Considered Buying Motherwell
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
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Enterprise Insurance, the shirt sponsor of League Championship side Leeds United, "has withdrawn the winding-up petition it issued against the club last month," according to Phil Hay of the YORKSHIRE EVENING POST. The petition -- served on Leeds on Jan. 29 -- "was withdrawn after a hearing at the High Court in Manchester" on Thursday.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).