Leeds See The Light At Last

Last updated : 29 July 2005 By Kevin Markey
Those still owed money by the club's former owners, including a £30k pay-off to former chairman, Professor John McKenzie, were finally paid.

As part of the deal agreed in March 2004 with Gerald Krasner's consortium, the listed stock market vehicle was plunged into administration and the footballing side taken on by the new owners.

Garry Wilson, the Ernst & Young partner who was appointed as administrator, said yesterday that out of a pot of £500k secured at the time, all the smaller creditors who were still owed money had been paid off in full.

The 30 to 40 small creditors included catering companies, former employees, consultants and even the club's milkman.