Administration seals Leeds relegation

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The Football League have confirmed that administration would trigger an instant 10 points deduction.

That clinches Leeds' relegation from the Championship, which was all but confirmed when a 1-1 draw with Ipswich left them trailing Hull by three points with a goal difference deficit of nine.

But shortly after KPMG's appointment of administrators they agreed to sell the club back to a newly-formed company called Leeds United Football Club Limited, with Ken Bates, Shaun Harvey and Mark Taylor as its directors.

The sale of the club is subject to approval by its creditors who will meet before the end of May to consider a Company Voluntary Agreement, whereby they would forgo some of their debt. The Football League would also need to approve the sale.

A statement from KPMG revealed the club had debts "totalling approximately £35million, with a cash injection of approximately £10million required to continue trading".

It also revealed that customs recently issued a winding-up petition for approximately £5million and had this debt had not been paid by June 25 the club may have been forced into liquidation.

The statement added: "The administrators understand from discussions with the Football League that the administration will result in the immediate deduction of 10 points from the club's current points total in this year's Championship.

"This means that next season the club will start the campaign in League One with no points deducted."