Bates back in control of Leeds

Last updated : 12 July 2007 By Andy Van Hagen
Leeds United administrators KPMG have sold the football club back to Ken Bates for an undisclosed sum.

Five days after KPMG put Leeds up for sale because of a legal challenge from HM Revenue & Customs, the club is back under Bates's control. The HM Revenue and Customs were not happy with Bates's plan to pay creditors just 1p in every pound, this enforced Bates to up his offer which he was said to give creditors 8p in every pound.

It is unknown how much of the club's £35m debt Mr Bates intends to pay off but the administrators said this was the best bid on the table to secure Leeds United's future.