Date:Thursday January 5 2006
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.
Register on this site via the drop down menu and leave feedback to this story below or to join in the debates on the forum.
Go on, get vitalled!
LUFC On This Day - March 8th (Saturday March 8 2014)
LUFC Will Leeds claim the points? (Friday March 7 2014)
LUFC Leeds v Bolton - Over The Years (Friday March 7 2014)
LUFC Keith not Benny in charge of Bolton clash (Friday March 7 2014)
LUFC Defender joins Bantams on loan (Friday March 7 2014)
LUFC McCormack misses out on monthly award (Friday March 7 2014)
LUFC On This Day - March 7th (Friday March 7 2014)
LUFC Leeds United v Bolton Wanderers Team News (Thursday March 6 2014)
McDermott knocked back by Premier League club (Thursday March 6 2014)
LUFC McDermott - Exciting times ahead (Thursday March 6 2014)
|12. Leeds Utd||32||12||8||12||4||44|
|15. Sheff Wed||32||9||12||11||1||39|
|LUFC On This Day - March 8th
» Leeds Utd : 08/03/2014 07:00:00
|Will Ferguson make changes?
» Blackpool : 07/03/2014 22:51:00
|Birmingham v QPR - Match Preview
» Q.P.R. : 07/03/2014 21:42:00
|DRFC Will Rovers beat the terriers?
» Doncaster : 07/03/2014 19:36:00
|LUFC Will Leeds claim the points?
» Leeds Utd : 07/03/2014 19:08:00
|LUFC Leeds v Bolton - Over The Years
» Leeds Utd : 07/03/2014 19:05:00
|LUFC Keith not Benny in charge of Bolton clash
» Leeds Utd : 07/03/2014 19:00:00