17-05-2007, 04:31 PM
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Medal Of Honours
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Leeds' debts broken down
Quote:
Leeds United still owe seven ex-players money among a lengthy list of around 1,350 creditors.
Debts of £35million forced The Whites into administration when it became apparent they would not retain their Championship status earlier this month.
While Leeds no longer pay the likes of Robbie Fowler and Mark Viduka, they still are indebted to Danny Mills, Michael Ricketts, Eirik Bakke, Paul Butler, Steve Stone, Jermaine Wright and Sean Gregan.
Mills is due £216,667 in wages while Ricketts is owed a staggering £117,500 and under Football League rules all clubs in administration must pay up.
Ken Bates requires 75 per cent of the vote on his proposal to retain control of the club, although Simon Morris, Terry Brown and a consortium led by former Leeds manager Don Revie's son Duncan are also in contention.
It is believed Bates' proposal has the backing of three of the club's major creditors, Astor Investment Holdings Limited, Forward Sports Fund and Krato Trust, who are owed nearly £18million.
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Source: Skysports
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