Date:Friday July 6 2007
Administrators believe that if the clubs issues aren't sorted, Leeds United will not start the League One season
During today`s preliminary High Court hearing in Leeds, club administrators KPMG have warned that if the club is not able to leave administration, the Football League may stop them from beginning the fight back to The Championship.
The High Court action has come after HM Revenue & Customs decided to challenge the offer made by a consortium fronted by former chairman Ken Bates, despite an increase in his offer to creditors to 8p in the £1 from just 1p in the £1. The result of the court hearing today was to adjourn until the 3rd of September, by which time Leeds will have been scheduled to play 4 games, including matches against Promotion contenders Nottingham Forest and Luton.
The total Leeds United debt is around the £35million mark with HM Revenue & Customs being one of the largest creditors at a staggering £7.7million, slightly more than 1 Seth Johnson.
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Date:Friday July 6 2007
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