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Last Updated: Tuesday, 2 March, 2004, 08:40 GMT
Richmond admits Leeds talks
Former Bradford City chairman Geoffrey Richmond
Former Bradford chairman Geoffrey Richmond has admitted he is involved with the Yorkshire-based consortium hoping to save Leeds United.

Richmond quit Bradford with the club heavily in debt but insists his role in the Leeds group is an advisory one.

"I have been advising the Yorkshire consortium who requested my input from a football perspective," said Richmond.

"I was delighted to offer my advice and my only objective was to ensure the survival of Leeds United as a club."

To suggest someone could make a quick killing from the club is ludicrous
Geoffrey Richmond

The consortium, led by insolvency expert Gerald Krasner, is the only bidder left for the cash-strapped club after another group pulled out last week.

Richmond revealed a member of his family could become an investor in the club but dimissed reports the group were only interested in asset-stripping.

"It is possible that a member of my family may become an investor in the club, but this will not be at director level and will remain a shareholder's interest only.

"To suggest someone could make a quick killing from the club is ludicrous considering the amount of debt it is currently in," he told the Yorkshire Post newspaper.

The consortium is locked in talks with Leeds and a decision is expected this week over whether they will buy the club.

If they do not, Leeds - around �100m in debt - may be forced to enter administration, after their major creditors refused to extend the standstill agreement on Friday.






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