Takeover Official

Last updated : 19 March 2004 By Kevin Markey
The deal brings to an end three months of uncertainty since Leeds announced a financial standstill arrangement with their major creditors, and two months of detailed negotiations involving hundreds of lawyers.

Gerald Krasner, an insolvency practitioner with chartered accountants Bartfields and who has been the consortiums representative over the last few weeks, has been named as Leeds new chairman.