Deadline looms for Leeds bidders
09/07/2007 |
 |
 |
Potential buyers of Leeds United have until 1700 BST on Monday to submit offers for the club.
Leeds' administrators put the club up for sale on Friday and chairman Ken Bates has vowed to take legal action if the club is sold to a rival bidder.
Former Hull City chairman Adam Pearson is understood to be set to make a bid.
Ex-Leeds chairman Gerald Krasner told BBC Five Live the interested parties he is aware of are "domestic based but the money may well come from abroad".
Bates confirmed he has re-submitted his offer for the club after a legal challenge was made by HM Revenue and Customs (HMRC) over his original takeover plans.
The 75-year-old told Yorkshire Radio: "Our bid is the original deal that was done in the meeting of creditors when we placed the Company Voluntary Agreement (CVA) on1 June.
"We have amended it twice to try to meet the Inland Revenue's objections and now we have withdrawn the conditionality of it, so it's now unconditional.
"We believe in fact our offer is valid. Therefore it should be the only one to be accepted."
Pearson left his position at Hull in June after selling the club to a consortium fronted by Paul Duffen for £10m.
The former Leeds commercial director insisted in the same month that he was not considering making a move to buy the club and said: "To be honest, I think we can put this to bed.
"But, as for the long term, I certainly wouldn't rule out going into another club. It's an industry I really enjoy."
But he is now expected to make a formal approach along with Internet guru Peter Wilkinson.
Krasner added: "I have been speaking to a number of people over the past few months.
"One of the conversations was about two of the consortiums joining together to make one super offer. I think if they were to team up they would stand a good chance of getting the club."
Those who have previously declared an interest in buying the club include Duncan Revie, son of former Leeds manager Don, and property entrepreneur Simon Morris.
Earlier this week, businessman Simon Franks said he was ready to buy Leeds United, through his Redbus investment vehicle.
Leeds have debts of £35m, including the money owed to HMRC in unpaid taxes.
Bates had proposed to take Leeds out of administration, repaying creditors eight pence in every pound that it owed.
(Source: BBC.co.uk)
|
| Back |
|
|
|
|
 |
