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Context of 'May 4, 2007: Leeds United Enters Administration, Incurs Meaningless 10-Point Penalty at End of Season'

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Leeds United enters administration due to debts of £35m that it cannot pay. In return, the Football League imposes a 10-point penalty on the club. Before the points deduction, it was all but mathematically certain that Leeds would be relegated from the Championship to the third tier of English football, as the club required a series of freak results on the last day of the season to stay up. However, relegation to League One is now a mathematical certainty. Had Leeds gone into administration after the last game of the season, the penalty would have been applied at the start of the next term. The auditing firm KPMG is appointed Leeds’ administrators and immediately agrees to sell the club back to chairman Ken Bates without the debt burden. The Independent writes of the administration and sale, “in effect Leeds could wipe out most of their £35m debt at a stroke, and suffer no meaningful penalty.” [Independent, 5/5/2007] However, due to a breach of league rules governing the conduct of the administration, the club will be deducted a further 15 points at the start of next season (see August 3, 2007).

Entity Tags: KPMG, Ken Bates, Leeds United F.C.

Timeline Tags: Football Business and Politics

The Football League imposes a 15-point penalty on Leeds United due to irregularities in its administration. However, Leeds will be allowed to play in League One, the third tier of English football, in the coming season. The club had entered administration at the end of last year, incurring a 10-point penalty that was meaningless because the club was virtually certain of relegation at that time (see May 4, 2007). [BBC, 8/3/2007]

Entity Tags: Football League, Leeds United F.C.

Timeline Tags: Football Business and Politics

Leeds United bans all Guardian reporters from its stadium, Elland Road. The ban is in response to a series of articles written by Guardian columnist David Conn about the mystery of who actually owns Leeds. [Guardian, 10/19/2009] For example, three weeks previously Conn published an article highlighting the fact that the club’s chairman, the controversial Ken Bates, had falsely claimed to own the club (see January 2009). Leeds is owned by Forward Sports Fund, a company registered in the Cayman Islands and administered by the Geneva-based Chateau Fiduciaire. However, the public does not know who owns Forward Sports Fund. According to Conn, the question of Forward’s ownership is important because of the role it played in the club’s insolvency in 2007. [Guardian, 9/30/2009]

Entity Tags: Leeds United F.C., Ken Bates, Forward Sports Fund, Chateau Fiduciaire, The Guardian, David Conn

Timeline Tags: Domestic Propaganda, Football Business and Politics

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