Vital Football

Latest Leeds United News

Leeds Chairman Blames Past Spending

Leeds Chairman Blames Past Spending

Leeds United chairman Ken Bates has sought to blame the excesses of the last few years as the cause for the clubs slide into administration. Bates has now been confirmed as a director of the new Leeds United and heads the consortium called "Leeds United Football Club Ltd. Uncle Ken then went on to explain how discussions are already underway to seek the investment required to come out of administration.

Bates told the official website via statement: 'The financial burden of the past finally pushed the club into administration following the issuing of a winding up petition by HM Revenue and Customs who will be one of the company's major creditors.
'The action taken brings to an end the financial legacy left by others that we have spent millions of pounds trying to settle but the important thing now is not to view this as the end, but the beginning of a new era.'
'Discussions have already begun aimed at establishing how Leeds United intend exiting administration.
'This will have to include complying with the League's insolvency policy under which all 'football debts' must be settled in full.'







Join Vital Leeds

It's easy to register for Vital Leeds, simply click the link and enjoy getting involved (you can even win prizes!)

Message Board

To visit the Vital Leeds message board, click here.

Get involved

This website is your website and we are looking for people to help run the site. Do you go to most of the games and have an opinion? Why not write a match report? Perhaps you are a budding journalist or even just someone who is very opinionated? Well why not join our team? If this interests you please contact Vital Leeds.





Click here to join in the debate on the club forum.

Writer:LUFC1
Date:Friday May 4 2007
Time: 6:13PM

Login to post a comment

Recent Leeds United Articles

LUFC On This Day - October 17th: Happy Birthday Leeds United

A look back at what has happened on October 17th in the history of Leeds United.

Leeds Could Soon Be Boosted By The Return Of Injured Striker

Leeds United could soon be boosted by the return of striker Caleb Ekuban from injury.

LUFC Brentford (A) - Ticket Information

Leeds United have released ticket information for the trip to Brentford in the SkyBet Championship next month

LUFC On This Day - October 16th

A look back at what has happened on October 16th in the history of Leeds United

Archived Vital Leeds Articles

Vital Leeds articles from

Site Journalists

Dazza71
Editor email
Profile

Current Poll (see more polls)

Where is Leeds biggest problem?
Suggested By:
Goal3%
Defence17%
Midfield57%
Attack23%
ScoopDragon Publishing Entire League Network of Sites
The Vital Football Members League
Latest F1 News
Latest Vital Boxing News
Vital Football Comment

Recent Leeds United Results (view all)

Leeds United Fixtures (view all)

Vital Members League Table

RankNamePoints
1.dazza7158
2.Tiny T42
3.DurhamWhite29
4.deslondon22
5.King Billy20
6.erni15
7.Salazzar13
8.Oyper12
9.bago9
10.SimonTVW9
Write for Vital Football