Oxford United served with winding up petition

Kassam Stadium landlords Firoka have served a winding-up petition on Oxford United.

The Banbury Cake is reporting the court has confirmed the paperwork was issued yesterday and a hearing will take place on 22 May.

The dispute is thought to be over the current rent payment, which was due last month, and the news comes a few days after reports claimed the U’s were late paying their non-football staff for March.

Firoka is owned by former United chairman Firoz Kassam and relations between the two parties have often been difficult. Ongoing action by Firoka to claim historic service charges relating to the stadium and totalling £240,000 was recently put on hold after the instigation of arbitration proceedings before the issue went to court.

It is also not the first time in their recent history Oxford have faced a winding-up petition. Since Sumrith ‘Tiger’ Thanakarnjanasuth’s takeover in February 2018, HM Revenue & Customs have previously served three such petitions over the late payment of tax.

Oxford travel to Walsall on Saturday, knowing that three points will almost certainly secure their League One status for next season after last weekends crucial win over local rivals Wycombe moved them up to twelfth in the table, seven points above the relegation places.

Our View

I’m not about to pretend to be an expert on the issues at Oxford United.

However, after recent news of financial issues at Bury, late payment of wages at Macclesfield and problems with owners at Coventry, Charlton, Notts County, Blackpool and championship Bolton, You have to say the EFL need to act. 

The club’s do not only need protection from owners that would appear to be far from ‘fit and proper’, but sustainable financial controls need to be introduced to protect their long term futures.

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.