Football: Leeds crisis a bit fishy.

LEEDS chairman John McKenzie blamed ``irresponsibility and indulgence'' as the reasons behind the club's shocking financial state.

Professor of Economics McKenzie has announced debts of pounds 78.9million.

McKenzie has sifted through the club's accounts and discovered a number of startling revelations, including: pounds 5.7min compensation to former bosses David O'Leary and Terry Venables; pounds 600,000 a year on a fleet of over 70 company cars, with pounds 70,000 spent on one vehicle; pounds 70,000 in one year on private jets for directors/senior management; pounds 70,000 recruitment expenses on a senior management figure.

Leeds are also contributing pounds 500,000 a year toRobbie Fowler's wages,despite the fact he was sold to Manchester City in January.

Remarkably, the club also spent pounds 240 a year on goldfish for the chairman's office, and unsurprisingly they have now gone.

BURY have scrapped their reserve team in a cost-cutting measure.