From The Sunday Times:
The case follows a dispute with the Inland Revenue over a tax bill of £2.3m following the 1994 sale of his Ronson lighters business.
It also partly explains his sudden departure from Leeds where he was engaged in a power struggle with directors over his increasingly high profile role. His son David is Leeds United’s new managing director and one of four Yorkshire-based property entrepreneurs who paid £22m for the club last month.
United’s chairman Gerald Krasner confirmed Richmond was due in court this week and added that he was aware of the impending court action when he invited Richmond to become involved in plans to rescue Leeds earlier this year.
Richmond declined to comment when asked about the bankruptcy proceedings and his reasons to quit Leeds last Wednesday.
Richmond’s problems come as uncertainty grows over the future of the Elland Road consortium. Victory against Portsmouth today would ease relegation fears but even that may be insufficient to avoid the slide into administration.
C'MON PORTSMOUTH