posted on May, 21 2003 @ 07:53 AM
Peter Ridsdale has hit back at John McKenzie after he blamed "irresponsibility and indulgent spending" for Leeds' shocking financial state.
Professor of Economics McKenzie has taken over as chairman from Ridsdale and has been left stunned by what he has also described as "the frivolous
nature of the expenditure" for a cash-strapped club which just seven weeks ago announced debts of Ł78.9m.
McKenzie has sifted through the club's accounts and discovered a number of startling revelations which included Ł5.7m in compensation to former bosses
David O'Leary and Terry Venables, Ł600,000 a year on a fleet of over 70 company cars and Ł70,000 in one year on private jets for directors/senior
Leeds are also contributing Ł500,000 a year to Robbie Fowler's wages, despite the fact he was sold to Manchester City in January, and the club also
spent Ł240 a year on goldfish for the chairman's office.
But Ridsdale has not taken McKenzie's revelations lying down and issued a statement which read: "Since leaving Leeds United I have kept a dignified
"The comments by my successor John McKenzie are therefore extremely disappointing as they make reference to expenditure and a culture which are in
some cases taken out of context, in some cases sensationalised and in some cases inaccurate.
"I will continue to keep a dignified silence whilst wishing Leeds United all the best for the future.''