There have been (so far unconfirmed) reports that Leeds United, following their relegation to League One may be set to go into administration.
With a drop in projected profits the outlook for such a large club is bleak, and the report I’ve just heard suggests the bad news may come within the next 7 days. Administration would mean, courtesy of FA rules that the club would start life in the new division on -10 points.
More when we get it.
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