Leeds decision on hold

10 July 2007 01:56
Leeds United's administrators have delayed their decision on who will take control of the cash-strapped League One club. Administrators KPMG had set a noon deadline on Tuesday for interested parties to show proof of funds in their attempts to take over the Elland Road club. Current chairman Ken Bates has placed an offer on the table, while investment firm Redbus and property developer Simon Morris have submitted a joint bid. "We are continuing to evaluate the expressions of interest received and will make a further announcement in due course," said administrator Richard Fleming. "We appreciate that there's a great deal of interest in the outcome and will take our decision in the best interests of creditors to ensure the best future for the club."

Source: ESA