Leeds chief admits administration a daily fear at Elland Road

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.

McKenzie, who took over six months ago on the day Leeds announced a club record debt of £78.9million, is due to reveal the latest year-end accounts next week.

It is anticipated little or no headway will have been made into that figure, not least because of the severance pay-outs to former boss Terry Venables and directors Peter Ridsdale, Stephen Harrison and David Spencer.