Administration will happen, warns Leeds chairman

Leeds chairman Gerald Krasner is refusing to give up the fight despite admitting “administration will happen” after Sebastien Sainsbury’s proposed takeover finally collapsed.

Administration will happen, warns Leeds chairman
Fri, 14 Jan, 2005 - 07:12

Leeds chairman Gerald Krasner is refusing to give up the fight despite admitting “administration will happen” after Sebastien Sainsbury’s proposed takeover finally collapsed.

With the £25m (€35.7m) buy-out in tatters Leeds stand on the brink of administration, potentially within the next three months.

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