Date:Friday May 4 2007
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
To visit the Vital Leeds message board, click here.
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.
Date:Friday May 4 2007
LUFC Leeds complete Antenucci deal (Wednesday August 20 2014)
LUFC Leeds Fan View v Brighton (Wednesday August 20 2014)
LUFC Striker facing a month on the sidelines (Wednesday August 20 2014)
LUFC On This Day - August 20th (Wednesday August 20 2014)
Stats: Leeds United v Brighton and Hove Albion (Tuesday August 19 2014)
Leeds beaten by Brighton (Tuesday August 19 2014)
LUFC BREAKING Leeds v Brighton Teamsheet (Tuesday August 19 2014)
LUFC Sharp to win shootout against Mackail-Smith? (Tuesday August 19 2014)
Hockaday doesn't want visitors to have a nice time (Tuesday August 19 2014)
LUFC On This Day - August 19th (Tuesday August 19 2014)
|19. Leeds Utd||3||1||0||2||-3||3|
|Cardiff 1 Latics 0 - Missed Chances
» Wigan : 20/08/2014 23:15:00
» Wolves : 20/08/2014 22:31:00
|Rams Fall To First Defeat
» Derby County : 20/08/2014 22:11:00
» Derby County : 20/08/2014 22:08:00
|Aston Villa Defender Joins On Loan
» Brighton : 20/08/2014 21:27:00