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KPMG: Leeds announcement 'unlikely' today

KPMG does not expect an announcement on the future of Leeds today, depsite reports that noon would see a conclusion as to which bidder had won control of the club

Written by Kevin Reed

The future of Leeds United is now not expected to be announced today, despite reports that KPMG would reveal which bidder had won control of the embattled football club at noon.

A KPMG spokesman said the announcement was not expected today, and it could not give a timescale for any decision. The firm also defended itself against reports that it had not allowed other bidders (besides Ken Bates) full access to the club's accounts.

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Administrators from the firm have been previously criticised by MPs over their handling of Leeds' insolvency, and now Bates' rival bidders have joined in.

However, a KPMG spokesman said today: 'We have worked within the bounds of the law'.

He said that the administrators from the firm found themselves in a situation that was 'fairly unique', where an agreed CVA proposal had then been challenged, and they set a short deadline to receive bids to resolve the club's future as soon as possible.

'We wanted to allow bids, but the risk is that it protracts reaching a resolution and the way forward for the club.'

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