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| Version 1 | Version 2 |
|---|---|
| Debt-ridden Leeds put up for sale | Debt-ridden Leeds put up for sale |
| (about 2 hours later) | |
| The future of Leeds United is again in doubt after the club was put up for sale by its administrator. | The future of Leeds United is again in doubt after the club was put up for sale by its administrator. |
| KPMG said that it had made the decision because of a challenge by HM Revenue and Customs (HMRC) over the £7.7m it is owed by the Yorkshire club. | KPMG said that it had made the decision because of a challenge by HM Revenue and Customs (HMRC) over the £7.7m it is owed by the Yorkshire club. |
| Former chairman Ken Bates had proposed to take Leeds out of administration, repaying creditors eight pence in every pound that it owed. | Former chairman Ken Bates had proposed to take Leeds out of administration, repaying creditors eight pence in every pound that it owed. |
| A deadline for offers has been set of 1700 BST on Monday. | A deadline for offers has been set of 1700 BST on Monday. |
| "We are interested in talking to other parties," confirmed a KPMG spokesman. | "We are interested in talking to other parties," confirmed a KPMG spokesman. |
| The administrator had earlier warned that there was now a danger the club would be unable to start the new season. | The administrator had earlier warned that there was now a danger the club would be unable to start the new season. |
| Unpaid taxes | Unpaid taxes |
| Leeds United has debts of £35m, including the money owed to HMRC in unpaid taxes. | Leeds United has debts of £35m, including the money owed to HMRC in unpaid taxes. |
| 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. | 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. | Earlier this week, businessman Simon Franks said he was ready to buy Leeds United, through his Redbus investment vehicle. |
| HMRC has been challenging Mr Bates's plans to exit administration at a High Court hearing in Leeds. | HMRC has been challenging Mr Bates's plans to exit administration at a High Court hearing in Leeds. |
| KPMG said that unless the club was able to leave administration, the Football League may not let it start the season. | KPMG said that unless the club was able to leave administration, the Football League may not let it start the season. |
| League officials are due to meet next week to discuss the situation. | League officials are due to meet next week to discuss the situation. |
| The court case has been adjourned until 3 September, while Leeds are due to play their first game of next season away to Tranmere on Saturday, 11 August. | The court case has been adjourned until 3 September, while Leeds are due to play their first game of next season away to Tranmere on Saturday, 11 August. |
| Former Leeds chairman Gerald Krasner expects the ownership question to be sorted out before the start of the season. | |
| However, a spokesman said that as the club was in administration he could not comment on KPMG's decision. | However, a spokesman said that as the club was in administration he could not comment on KPMG's decision. |
| And Mr Bates has already warned that the cost of defending the HMRC's court action could cost the club its future. |