Leeds United is facing a battle to enter the Football League prior to the
start of the season.
The football club is trying to persuade the Football League to let it enter,
but the League is still calling on the club to go into a Company Voluntary
‘We have got to resolve it soon because the season starts in nine days’
time,’ said Football League chairman Lord Mawhinney.
HM Revenue & Customs director general Dave Hartnett said in the
Guardian that the taxman would not enter into any type of arrangement
‘that lacks complete transparency about the identity of creditors and the terms
of any deal being reached .’
The club has finally been sold to Ken bates in a deal that could give
creditors as much as 52p in the pound if the club is promoted to the Premiership
in the future. A key creditor, Astor, a company that claimed no connection with
Ken Bates, withdrew its claim for £17.6m owed to it.
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
Smith & Williamson has been appointed administrators of charity 4Children