Ridsdale keeps Leeds shares

Former Leeds chairman Peter Ridsdale is to remain one of the beleaguered club's major shareholders.

Ridsdale, who has taken over at neighbours Barnsley, told the Yorkshire Post: "I am keeping my shares in Leeds United because I believe in the future of the club.

"I have been a Leeds supporter all of my life and I see no reason why that should change now. It is all above board.

"I checked with both the Football League and Football Association and they informed me that I would not be breaking any laws in keeping them."

The newspaper reports that Ridsdale spent about £300,000 (€431,000) buying around three million shares which in today's market are worth just £97,500 (€140,000).