Date: 21st May 2007 at 3:27pm
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It has been announced that Leeds United went into administration owing Wolves £37,000 for the loan of striker Jemal Johnson.

Whilst still being classed as a priority creditor, the club can look forward to a penny in the pound offer for the debt from chairman Ken Bates, equating to £370.

Ironically, the news comes on the day Wolves announce a new owner who will be sinking £30 million into the side, and appear to have a very bright future ahead of them.

I’m sure Ken Bates will be offering his congratulations whilst contemplating his upcoming travels to Carlisle, Huddersfield and Bournemouth to name but a few.