Oxford United has been hit by a winding-up petition from Firoka, which owns the League One club’s Kassam Stadium.

Firoka is owned by Firoz Kassam, the club’s former chairman. The Oxford Mail newspaper reports that Firoka is seeking £240,000 (€276,000/$312,000) from the club and a petition will be heard at the High Court on February 27.

Oxford confirmed to both the Mail and the BBC that a deal has been agreed in principle for the due amount to be paid.

The Mail noted that the payment is thought to be the first that has been requested over the historic service charge, an amount said to be worth in the region of £800,000.

The development comes after United last year faced three winding-up motions from HM Revenue and Customs. Each one was settled before the cases reached court.

Image: Flippo