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Bates buys back Leeds United
0 Comments | AFP, July, 2007
LEEDS (AFP) — Ken Bates has bought back fallen English football giants Leeds United after heading up a consortium which has purchased the club from administrators.
Local property developer Simon Morris had also been in the running to buy the troubled League One side but adminstrators KPMG decided that Bates's unconditional offer "represents the best result for creditors".
Joint administrator Richard Fleming said Wednesday: "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," he added.
KPMG put Leeds on the market on Friday after club chairman Bates's attempt to buy back the club...
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