PracticeAuditLeeds in limbo as bid result delayed

Leeds in limbo as bid result delayed

The fate of Leeds United was unresolved on Tuesday, despite reports that administrators from KPMG would reveal which bidder had won control of the football club at noon

A KPMG spokesman said that the announcement was not imminent as
Accountancy Age went to press, and could not give a timescale. The firm
also defended itself against reports that it had not allowed other bidders
besides Ken Bates full access to the club’s accounts.

Administrators from the firm had previously been criticised over their
handling of Leeds’ insolvency by MPs, and now Bates’ rival bidders.

‘We have worked within the bounds of the law,’ said a spokesman.

He said that administrators from the firm found themselves in a ‘fairly
unique’ situation following HMRC challenge to Bates’ takeover.

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