Friday, May 04, 2007

Leeds United set for Administration?...

According to the latest news concerning troubled Leeds United, they could be about to go into administration in a bid to avoid a 10 points deduction next season. It's a sorry state of affairs, you do wonder where it will all end.

When football clubs go into administration, the bank appoints an indepenedent administrator to run its financial affairs, worst case the club can be sold off. A club can only remain in administration for 18 months.

It's understood that there's several consortiums looking to buy Leeds United, one them includes the Leeds United Supporters Trust.

The author who wrote this piece needs to update the graph....

Further reading - Clubs in Crisis

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