No buyers for Leeds FC yet!

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Senior Member
Jun 4, 2005
The News is out snice last week but till now no news of buyers except their chairman Bates!:sweat:

Leeds put up for sale by administrators

The future of Leeds United hung in the balance on Friday night after the administrators put the debt-ridden club up for sale.

KPMG said it had made the decision because of a legal challenge by HM Revenue and Customs over the £7.7million it is owed by the Yorkshire club and is challenging club chairman Ken Bates' re-sale.

A spokesman for the administrators said: 'We are putting the club up for sale and offers must be in by 5pm on Monday and we are interested in talking to other parties. This is because of the uncertainty that surrounds the club due to the legal challenge by HM Revenue and Customs.'

The High Court has postponed a decision on HM Revenue and Customs application to challenge the Company Voluntary Agreement, which has been set by most of the creditors, until September - leaving the future of the club in doubt.

HM Revenue and Customs is unhappy at Bates' plan to pull the club out of administration by paying creditors just 8p in every £1.

Bates has already warned that defending the court action could cost the club, which has debts of £35 million, its future. KPMG said it had set a deadline of 5pm next Monday for offers for the club.

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