Deal with creditors gives Leeds vital breathing space

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

After months of hardline negotiations with their major creditors, Leeds have bought themselves valuable time in a bid to secure their future.

Chairman Professor John McKenzie last night confirmed “I am pleased to announce, on behalf of Leeds United plc, that we have now agreed the first stage of a financial restructuring programme”.