A consortium of Yorkshire businessmen have mooted the idea of investing £30m in the club, and are being advised by corporate finance house, Zeus Capital.
Richard Hughes, co-founder of Zeus Capital told the Financial Times: ‘We’ve been appointed by a number of high net-worth individuals who care about the future of Leeds and want to put a credible alternative to the board and the club’s fans.’
Under the terms of the proposed deal Trevor Birch, the current CEO and former Ernst & Young business recovery partner, would retain his post.
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