Leeds United's administrators, KPMG, have put the Elland
Road club up for sale.
The decision from KPMG comes after HM Revenue and Customs revealed
it is owed £7.7million by Leeds and would contest chairman Ken
Bates' takeover of the club.
Club creditors had accepted an offer of 1p-in-the-pound from Bates
which would see him buy back the club and pull The Whites out of
administration.
But HM Revenue and Customs are unhappy with the deal proposed by
Leeds United Football Club Ltd.
Leeds may have been barred from starting the League One season as
the situation was not set to be resolved until the start of
September.
As a result KPMG have now acted by welcoming new offers for Leeds,
and have set a deadline of 5pm on Monday for bids to be
received.
"We are putting the club up for sale and offers must be in by 5pm
on Monday and we are interested in talking to other parties," a
spokesman for the administrators said.
"This is because of the uncertainty that surrounds the club due to
the legal challenge by HM Revenue and Customs."
