Bondholders agree deal to save Leeds from administration

Leeds United PLC, the struggling football club, was saved from administration last night after a deal was agreed in principle between the club and its bondholders, to release £4m (€5.70m) of working capital, according to reports.

Bondholders agree deal to save Leeds from administration

Leeds United PLC, the struggling football club, was saved from administration last night after a deal was agreed in principle between the club and its bondholders, to release £4m (€5.70m) of working capital, according to reports.

The money representing about six months' interest on the club's bonds, is held within the company.

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