Krasner: We will not give up

By PA Sport  January 14, 2005
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"administration will happen" after Sebastien Sainsbury´s proposed takeover finally collapsed....
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Leeds chairman Gerald Krasner is refusing to give up the fight despite admitting "administration will happen" after Sebastien Sainsbury´s proposed takeover finally collapsed.With the £25million buy-out in tatters Leeds stand on the brink of administration, potentially within the next three months. However, Krasner is determined to hold things together.When asked whether Sainsbury´s decision meant administration was now around the corner for Leeds, Krasner told The Independent´s online edition: "Eventually it will happen. It is not going to happen today or tomorrow but unless something positive happens [with another investor], it will happen."

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