UK time is: 02:56:53
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

'Lived The Dream' Man Cleared

Former chairman Peter Ridsdale has been cleared of any purposeful wrongdoing in Leeds' calamitous financial meltdown.

Ridsdale and former directors Allan Leighton, the current Royal Mail chief, Stephen Harrison and non-executive director Richard North will not face any action from the Government's Insolvency Service after the club ran up debts of more than 100million.

The Insolvency Service have spent almost 18 months studying Ridsdale's role in the club's financial collapse following a huge spending spree on players and wages from 2000 to 2003.

Ridsdale and the four other directors have officially been told by the Insolvency Service there is no evidence of any malpractice and there are no plans to initiate disqualification proceedings.

Ridsdale infamously declared 'United had lived the dream' before quitting the club in April 2003.





Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



Register on this site via the drop down menu and leave feedback to this story below or click here to join in the debates on the forum.

Go on, get vitalled!

The Journalist

Writer:  Mail feedback, articles or suggestions

Date:Thursday January 5 2006

Time: 11:07AM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Leeds Articles

LUFC Milanic sacked by Leeds (Saturday October 25 2014)

LUFC BREAKING: Leeds v Wolves Teams (Saturday October 25 2014)

LUFC Leeds a big price at home (Saturday October 25 2014)

LUFC On This Day - October 25th (Saturday October 25 2014)

LUFC Leeds v Wolves - Over The Years (Friday October 24 2014)

LUFC Will Leeds slay the Wolves? (Friday October 24 2014)

LUFC On This Day - October 24th (Friday October 24 2014)

Archived Leeds Articles

List All Vital Leeds Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. dazza71 408
2. deslondon 115
3. erni 107
4. King Billy 70
5. SimonTVW 62
6. Oyper 49
7. bago 37
8. Tiny T 32
9. ultraleeds 28
10. iwa 19

League Results (view all)

League Table (view table)

Team P W D L GD Pts
15. Millwall 14 4 5 5 -2 17
16. Rotherham 14 4 5 5 -3 17
17. Huddersfield 14 4 5 5 -6 17
18. Leeds Utd 14 4 4 6 -4 16
19. Wigan 14 3 6 5 -1 15
20. Fulham 14 4 2 8 -6 14
21. Brighton 14 2 7 5 -3 13

Breaking League News

Karanka happy with display
Middlesbrough : 25/10/2014 23:11:00
Rotherham : 25/10/2014 22:28:00
Honours even between challengers
Middlesbrough : 25/10/2014 22:06:00
Eight Bar Blues..as Cherries hit record
Bournemouth : 25/10/2014 21:54:00
McClean Double Downs Derby
Derby County : 25/10/2014 21:46:00

Current Site Poll (view all polls)

Darko Milanic
Suggested By:  
He should have got more time 20%
He should never have got the job 0%
Redfearn should have been installed five weeks ago 40%
Cellino needs to take the blame 40%