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.
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’.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies