The DTI is expected to take between two and four months to decide whether the report identifies misconduct serious enough to warrant disqualification proceedings against any of Leeds' directors in the previous three years, including the former chairman Peter Ridsdale and non-executive director Allan Leighton, the Royal Mail Group chairman.
Garry Wilson, one of the administrators, would not comment on the contents of the report and told me it was "too early" to speculate on the DTI's decision, but other sources suggested that although Leeds' meltdown was mighty it is unlikely to lead to DTI action against any of the directors.