Leeds reveal administration threat

Cash-strapped Leeds have revealed they could soon be forced into administration if negotiations with their creditors fail.

Leeds were today hoping to announce details of a radical restructure of their debts following talks with the American bondholders to whom they owe almost £60m (€86m), and a Guernsey-based finance company who helped fund a number of player purchases, with the club owing a further £21m (€30m).