Leeds debts may be steeper than thought

Premiership club Leeds debts may be higher than previously estimated and have probably risen to more than £105m (€152m), well above the initial estimate of £80m (€115m), according to the Evening Standard.

The newspaper said today it has learnt that the club owes £60m (€86.9m) to bondholders, £20m (€28.9m) to Guernsey-based Registered European Football Finance, £10m (€14.4m) to the inland revenue and £16.5m (€23.9m) to various creditors.

Leeds creditors had initially given the club until January 19 to find someone to invest in the club, or to buy it.

This deadline was then extended to 26 January.

The agreement provided for a further two week extension to 6 February if the club could demonstrate to creditors it could raise around £5m (€7.2m) to keep it going until the end of the season.

There has been speculation that the players would defer their wages to cover this amount, but nothing has yet been confirmed by the club.