Leeds yesterday reached what they have described as ’a standstill agreement’ with their creditors.
Birch will continue to negotiate with those creditors to try and secure a longer-term deal, but more importantly, has until then to attract a wealthy investor as the club is effectively up for sale.
With deputy plc chairman Allan Leighton resigning from the Leeds board, that has fuelled suggestions he is poised to put together a financial rescue package.
It would appear he will be up against Sheikh Abdulrahman bin Mubarak Al-Khalifa, a member of the Bahrain royal family and internet impresario Peter Wilkinson has also been mentioned as a potential backer, but for anybody to state their intent, time is now of the essence.
Birch will continue to negotiate with those creditors to try and secure a longer-term deal, but more importantly, has until then to attract a wealthy investor as the club is effectively up for sale.
With deputy plc chairman Allan Leighton resigning from the Leeds board, that has fuelled suggestions he is poised to put together a financial rescue package.
It would appear he will be up against Sheikh Abdulrahman bin Mubarak Al-Khalifa, a member of the Bahrain royal family and internet impresario Peter Wilkinson has also been mentioned as a potential backer, but for anybody to state their intent, time is now of the essence.