Mawhinney: time running out for Leeds

FOOTBALL League chairman Lord Mawhinney yesterday warned that time is running out on Leeds’ chances of starting the new season in Coca-Cola League One.

With just nine days until Leeds are due to open their season against Tranmere, their best hope rests with the administrators striking a new agreement with the club’s creditors.

The original CVA – Company Voluntary Arrangement – was challenged by the Inland Revenue, to whom the club owed £7.7million in unpaid tax.

Leeds have requested their share in the Football League be returned for the new season based on “exceptional circumstances”.

But none of the previous 41 Football League clubs have emerged from administration without a CVA and it appears Leeds’ argument has been rejected.

After a four-hour meeting at Football League headquarters this week the administrators KPMG agreed to report back by today whether they would reconstitute the CVA.