This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/6277752.stm
The article has changed 5 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Leeds 'may not start next season' | Leeds 'may not start next season' |
| (20 minutes later) | |
| There is now a real danger that Leeds United will not be able to start the new football league season, their administrators KPMG have warned. | There is now a real danger that Leeds United will not be able to start the new football league season, their administrators KPMG have warned. |
| The comments were made at a High Court hearing in Leeds, where the club's plans to exit administration are being challenged by HM Revenue & Customs. | The comments were made at a High Court hearing in Leeds, where the club's plans to exit administration are being challenged by HM Revenue & Customs. |
| KPMG said that unless the club is able to leave administration, the Football League may not let it start the season. | KPMG said that unless the club is able to leave administration, the Football League may not let it start the season. |
| BBC Radio Leeds understands the Football League is as yet undecided. | BBC Radio Leeds understands the Football League is as yet undecided. |
| No-one at the Football League was immediately available for comment. | No-one at the Football League was immediately available for comment. |
| The court case has now been adjourned until 3 September, while Leeds are due to play their first game of next season away to Tranmere on Saturday, 11 August. | |
| Unpaid taxes | Unpaid taxes |
| Earlier this week, businessman Simon Franks said he was ready to buy Leeds United, through his Redbus investment vehicle. | Earlier this week, businessman Simon Franks said he was ready to buy Leeds United, through his Redbus investment vehicle. |
| HM Revenue & Customs is unhappy at the plans of Leeds chairman Ken Bates to pull the club out of administration by paying creditors just 8p in every £1. | HM Revenue & Customs is unhappy at the plans of Leeds chairman Ken Bates to pull the club out of administration by paying creditors just 8p in every £1. |
| Mr Bates has already warned that the cost of defending the court action could cost the club its future. | Mr Bates has already warned that the cost of defending the court action could cost the club its future. |
| Leeds United has debts of £35m, with HM Revenue & Customs owned £7.7m in unpaid taxes. | Leeds United has debts of £35m, with HM Revenue & Customs owned £7.7m in unpaid taxes. |