LEEDS United’s bank account can now be unfrozen after a petition issued by Sport Capital was dismissed by the high court.
The case had been adjourned on June 10, although United were ordered to pay back £958,000 before June 23 with that transaction completed last week.
Sport Capital lent money to Leeds in November of last year, but moved to call in the loan at the start of April, shortly before Cellino’s takeover of United.
Cellino refused to settle the debt before a deadline of April 24 and Leeds were served with a winding-up petition the following day.
But the situation has now finally been resolved.