'Plan B' If Sainsbury Fails

Last updated : 12 January 2005 By Kevin Markey

The Independent report that Leeds are not haemorrhaging money as quickly as they were after last year's relegation from the Premiership, but the dire financial situation remains.

Insiders say the club are struggling to find money to pay wages, although if keeper Scott Carson is sold, an immediate windfall of £500k will ease the problem.

It is understood that Krasner is also contemplating a "plan B" solution if he fails to sell the club to Sebastien Sainsbury's consortium.

One source at Elland Road said that Krasner has scheduled a meeting with a leading firm of "liquidating specialists". It is thought that Krasner wants to explore an innovative way to restructure the club's finances while also preparing for the possibility of administration.

However, Sainsbury is still hopeful that he can complete his £25m buyout, which is proceeding without Ken Bates.