LEEDS acting-chairman Trevor Birch yesterday promised to consider an independent inquiry into the running of the club over the last five years.

A CHINESE tycoon has emerged as a prospective buyer to help save debt-ridden Leeds from falling into the hands of the administrators.

Professor John McKenzie was today described as “damaged goods” following his decision to step down as Leeds plc chairman.

Professor John McKenzie has today confirmed he will not be standing for re-election as Leeds plc chairman at next week’s annual general meeting.

Leeds chairman Professor John McKenzie has put a value of over £50m (€71m) on the troubled club – but believes the Elland Road outfit is worth investing in.

LEEDS yesterday temporarily staved off the imminent threat of becoming the first Premier League club to go into administration.

Leeds have today temporarily staved off the imminent threat of becoming the first Premier League club to go into administration.

Sheikh Abdulrahman Al Khalifa is “exploring a number of options” with regards to possibly investing in Leeds.

FOOTBALL LEAGUE bosses may decide to close a loophole which could allow Leeds to escape a mandatory 10-point penalty for going into administration with £78m debts.

Leeds today stand on the brink of administration – but that would not mean the end of the football club.

SHARES in Leeds United, the publicly quoted football club that is at the bottom of the English Premiership three years after reaching the Champions League semi-finals, were up almost 10% yesterday following the board’s decision to replace manager Peter Reid.

LEEDS striker Alan Smith has issued a defiant defence of boss Peter Reid, insisting he remains the man to lead the club out of their current crisis.

LEEDS UNITED’S financial meltdown ought to send a chilling warning to the rest of their Premiership rivals, according to the Professional Footballers’ Association.

LEEDS chairman Professor John McKenzie plans to be running on a beach alongside a beautiful blonde in a couple of years’ time.

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Leeds today announced massive annual losses of almost £50m (€72.2m).

LEEDS chairman Professor John McKenzie claims he has learned his lesson from the Harry Kewell transfer fiasco – with a warning for the rest of the club’s stars.

JODY MORRIS looks certain to be handed an extension to his club suspension today following a second allegation of serious sexual assault involving the Leeds star.

LEEDS chairman Professor John McKenzie has revealed the thought of the club going into administration is a fearful prospect which crosses his mind every day.

LEEDS chairman John McKenzie has insisted he is not at war with manager Peter Reid.

Leeds chairman John McKenzie has today insisted he is not at war with manager Peter Reid.

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Manchester United responded to the challenge of Arsenal’s early kick-off win over Liverpool by dismissing 10-man Birmingham 3-0.

Reprieved Leeds manager Peter Reid today shrugged off the apparent trauma of the past week by bullishly describing it as “normal”.

Leeds Supporters’ Club chairman Ray Fell feels it would be “grossly unfair” if the club chose to sack Peter Reid after just 16 matches in charge.

Leeds insisted Mark Viduka is “not for sale” as Barclaycard Premiership clubs prepared for the transfer window to slam shut this evening.

Mark Viduka’s short-term future with Leeds looks secure after the club today revealed turning down an offer for the striker from Inter Milan.

Mark Viduka’s agent and Leeds today remained at odds over the striker’s future with chairman Professor John McKenzie insisting he wants Australian to remain at the club.

Mark Viduka’s Leeds future is in doubt again after the Australian striker held weekend talks with Peter Reid.

AGENT Nikola Mandic yesterday declined to comment on his brother Bernie’s involvement in Harry Kewell’s contentious transfer to Liverpool last week.

BERNIE MANDIC is adamant his role in the Harry Kewell transfer saga will stand up to any potential FIFA investigation.

HARRY KEWELL turned down the chance to join Manchester United because he wanted to join a club that was “on the up.”

Harry Kewell turned down the chance to join Manchester United because he wanted to join a club that was “on the up.”

HARRY KEWELL headed for a Swiss training camp to escape the rumpus over his £5million move to Liverpool yesterday insisting that Leeds “have come up trumps”.

Leeds United chairman Professor John McKenzie has launched a scathing attack on Harry Kewell and his agent Bernie Mandic over the Australian’s transfer to Liverpool.

LEEDS chairman Professor John McKenzie has launched a bitter attack on departing Harry Kewell and the player's agent following the deal yesterday that took the midfielder to Liverpool.

LEEDS chairman Professor John McKenzie expects Harry Kewell to report back for pre-season training next week. And McKenzie has not ruled out the possibility that the Australian striker will decide to remain at Elland Road.

ALEX FERGUSON has hailed Eric Djemba-Djemba as a “Manchester United player in every sense” after completing the £4.2m capture of the Cameroon international.

Leeds chairman John McKenzie has again been forced to dismiss rumours regarding a potential swoop for Mark Viduka from Barcelona.

Harry Kewell will not be rushed into making a decision regarding his future - but Leeds chairman John McKenzie has branded the transfer "a farce".

LIVERPOOL have joined Arsenal in the race to sign Leeds United’s Australian striker Harry Kewell.

Aston Villa’s bid to sign Paul Robinson stalled tonight after the Leeds goalkeeper’s representatives announced talks with the midlands club “have broken down at a very early stage”.

Paul Robinson has hit out at Leeds chairman Professor John McKenzie following the club’s decision to accept a bid of around £3m (€4.4m) from Aston Villa for the England goalkeeper.

LEEDS chairman Professor John McKenzie has revealed he was very disappointed