UK time is: 03:07:16
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

Leeds Administration Meetings Soon

The administrators of Leeds United have announced that there will be meetings with creditors at the club on July 1st to continue the CVA (company voluntary arrangement) process.

It is expected that all those involved will be voting to see if how things are going, and whether continuing is in the best interests of the club.

Richard Flemming, partner of joint-administrator KPMG Restructuring released a statement on the clubs website:

'At this meeting I will outline the proposal to sell the club to Leeds United Football Club Ltd and will also inform the creditors of any other matters which could influence their decision; such as details of the level of interest from other potential buyers of the club and indeed any alternative bids.

'Creditors will then be invited to vote on the proposal and any modifications that emerge.

'The proposed sale enables the club to survive and offers a minimal return to creditors. We know from preliminary discussions that the deal is supported by some of the larger creditors by value, however it still requires a majority of 75% to be approved.

'If the proposal is carried, the CVA process will move forward, which will involve agreeing the club's new ownership with the Football League and paying a dividend to creditors.

'If not, we will seek an alternative solution, and again request creditor approval.'








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




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



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

The Journalist

Writer: LUFC1 Mail feedback, articles or suggestions

Date:Wednesday May 16 2007

Time: 11:33AM

 

Have Your Say

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

Recent Leeds Articles

LUFC On This Day - December 28th (Sunday December 28 2014)

LUFC Warnock sacked after just four months (Saturday December 27 2014)

LUFC Davis hails confident Ajose (Saturday December 27 2014)

LUFC Leeds Fan View v Wigan Athletic (Saturday December 27 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 488
2. deslondon 190
3. erni 107
4. King Billy 100
5. Tiny T 96
6. SimonTVW 46
7. Oyper 39
8. ultraleeds 22
9. trickyfandango 20
10. 1972Glory 16

League Results (view all)

League Table (view table)

Team P W D L GD Pts
17. Fulham 23 8 4 11 -6 28
18. Huddersfield 24 7 7 10 -11 28
19. Rotherham 24 5 11 8 -9 26
20. Leeds Utd 23 6 6 11 -9 24
21. Millwall 24 5 8 11 -16 23
22. Wigan 23 4 8 11 -6 20
23. Brighton 23 3 11 9 -8 20

Breaking League News

Neil Lennon 'Referee and Decisions Beat Us'
Bolton : 28/12/2014 22:34:00
RUFC - Some In, Some Out This Week?
Rotherham : 28/12/2014 22:18:00
RUFC - Evans 'No Positives Today'
Rotherham : 28/12/2014 22:10:00
RUFC - Evans 'As Low As I've Felt All Season'
Rotherham : 28/12/2014 22:05:00
Wolves : 28/12/2014 21:20:00

Current Site Poll (view all polls)

How do you think Leeds will do at Derby?
Suggested By:  
Win 9%
Lose 89%
Draw 2%