Haigh insists Leeds will not enter administration

Leeds United managing director David Haigh insists there's no danger of the club going into administration.

Leeds United managing director David Haigh insists there's no danger of the club going into administration.

Since agreeing to buy a 75 per cent share from current owners GFH Capital, Massimo Cellino has effectively been bankrolling the Sky Bet Championship outfit, funding loan moves for Jack Butland and Connor Wickham as well as paying wages.

The Italian has, however, told Leeds he will not inject any more money into the club unless his takeover bid is approved by the Football League.

Haigh told the Yorkshire Post: "The club is in good hands. It has money and there is no chance of the club going into administration. None whatsoever.

"I keep hearing these whispers, where people have put two and two together to make 550. We had a winding-up order recently, which caused fans to panic.

"But the club is not in any kind of precarious financial position. Either now or in the future. It is not true and never has been.

"As a director of a company, there is a test of solvency that you have to go through. Can the company meet its debts, as and when they fall? And yes, Leeds United can."

 
For breaking stories and all the great banter like us on Facebook: facebook.com/tribalfootball

Have your say