Deloitte partner to help Leeds
Embattled premier league club Leeds United has hired another accountant in its battle to restructure its finances.
The club, which recently hired Ernst & Young turnaround specialist Trevor Birch as chief executive, has now hired Robin Binks, a corporate finance partner from Deloitte, to advise it on the restructuring of its £80m long-term debt.
Leeds is said to be close to securing interim financing to ensure that it has sufficient working capital to see it through to the end of the season, according to the FT.
Allan Leighton, the new chairman of BSkyB’s audit committee, and deputy chairman of Leeds United, has reportedly donated £2.2m of his own money to help the club, while another £2.2m has been donated by a mystery fan.
In June, Leeds United unveiled the worst-ever results for a UK football club with losses of £49.5m.