Bates to lose control of Leeds? Whites up for sale...

Well, well, well, a few weeks ago on this blog I posted that I simply could not believe that the creditors of Leeds United would accept what was at the time one penny in the pound and in my view a totally derisory offer. Unbelievably, to me at least anyway, that is exactly what happened. More recently Bates has offered to pay creditors eight pence in the pound.