Bates buys back Leeds

Ken Bates has won back control of Leeds after administrators KPMG announced his consortium had bought the club for an undisclosed sum.

Former Hull chairman Adam Pearson and the SRMorris group had also been in the running to buy the troubled League One side but KPMG decided that Bates’ unconditional offer “represents the best result for creditors”.

Joint administrator Richard Fleming said: “We received several offers for the business which we considered carefully. The approved deal represents the best result for creditors in the circumstances and we believe provides the club with the best chance of survival.”