Leeds United may find themselves unable to start the new football league
season, KPMG has warned.
Partners from the Big Four firm were appointed as the football club’s
administrators earlier this year and the comments were made at a High Court
hearing in Leeds, where the club’s plans to enter into a Company Voluntary
Agreement are being questioned by HM Revenue & Customs.
Last month a Ken Bates-led consortium had to sweat on a recount of votes in
getting the CVA approved, but this latest twist in the saga will do nothing to
KPMG said that unless the club is able to leave administration, the Football
League may not let it start the season.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies