Leeds are again on Sainsbury shopping list

SEBASTIEN SAINSBURY is back in the running to take over Leeds just over a fortnight after being told by chairman Gerald Krasner his bid was dead in the water.

On November 12 Krasner was forced to call time on Sainsbury’s £25m offer to buy Leeds, and instead negotiated an £8m sale-and-leaseback agreement of Elland Road to further ease existing debts.

Krasner became exasperated by the Sainsbury consortium’s failure to meet a number of self-imposed deadlines, with the last straw arriving when the promised monies were not deposited into a solicitor’s bank account.