McKenzie slams Leeds 'indulgence'

Leeds chairman John McKenzie today blamed “irresponsibility and indulgent spending” for the club’s financial state.

Professor of Economics McKenzie has been left stunned by what he has also described as “the frivolous nature of the expenditure” for a cash-strapped club which just seven weeks ago, and upon his appointment as successor to Peter Ridsdale, announced debts of £78.9m (€110.5m).