League refuses to approve sale of football club to Ken Bates and launches enquiry into handling of administration
Accountancy Age, 13 Jul 2007
The sale of Leeds United to its chairman Ken Bates has fallen into chaos after the Football League refused to sign off the deal brokered by KPMG.
In a statement, the League said it had failed to receive the required paperwork and assurances from administrators at the Big Four firm over the club’s sale.
‘To date, no documentation regarding the sale has been submitted to the League by the administrators,’ the League said.
A meeting of the League’s board on Thursday concluded it was concerned at the handling of the whole process by KPMG ‘and the chairman was instructed to obtain legal advice in that regard’.
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