Bates offer accepted by Leeds creditors

Ken Bates is back in control of Leeds United after a recount of the votes at a creditors' meeting.

Administrators KPMG adjourned a stormy meeting on Friday and decided the votes needed to be checked before they could confirm whether Bates's offer to buy the club back had been accepted.

Bates placed Leeds in administration with debts of £35 million on May 4, days after the club was relegated to League One.

He required 75 per cent of the vote to have his offer of 1p in the pound accepted by creditors, however the club must pay any money owed to other clubs and players in full.

The original count on Friday showed he had 75.02 per cent.

There were 27,178,255 votes in favour of Bates and 8,965,174 against giving him 75.20 per cent of the vote.

Some creditors argued Bates's offer to pay back money owed by Leeds was not the best on the table and claimed other parties interested in buying the club had not been given a fair chance.

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