Bates blames Revenue for Leeds collapse
Leeds chairman says HMRC caused club to go into administration
The collapse of Leeds United and
its slide into administration was due to the action of
HM Revenue & Customs, according to the
club’s outspoken chairman, Ken Bates.
Speaking on BBC Radio
Leeds, he accused the HMRC of acting ‘extremely unreasonably’.
‘Over the last two-and-a-half years Leeds have paid between £15m and £20m to
the Revenue, but our cash flow dried up and we asked for a holiday.
‘The Revenue said no and put foward the petition to wind up the club. I’m
sorry small creditors have lost money, but that is totally down to the Revenue,’
he said.
Further reading:
Leeds United CVA approval squeezes through
Ken Bates: Leeds could be doomed without CVA
Leeds United creditors’ meeting set for 1 June