UK time is: 10:16:59
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

Administrators Must Listen

The administrators working on Leeds United's financial troubles, KPMG, have had three bids for the club brought to their attention. The deadline for any fresh bids appears to have past. Here's a run down of where the future may lie for the fallen giant.

The Bates Bid. The club were immediately bought back (subject to creditors confirmation) from the administrators by a group led by Ken Bates. This prompted furious reactions from various consortia wishing to speak to the administrators on a level playing field. With the deal all but signed, both Bates and the outside investors have their own viewpoints on the matter. The future under this management is unclear. Bates has already said he has not taken a single penny out of the club, but has not been seen to heavily invest either.

The Revie Bid. The son of Leeds legend, Don Revie has been working hard to construct a rival bid. Duncan Revie has in recent weeks been very vociferous in his views both on current and future management of the club. Any bid would be backed by Middle Eastern money, but the likelihood of this coming to fruition dwindles as the days pass by. It is unclear where any long term future under Revie junior would go and even if the bid itself is real.

The Simon Morris Bid. Property magnate, Simon Morris, has tabled a firm bid with KPMG. The former Leeds director has played up his role in turning Elland Road into '400m World-Class leisure venue.' With a bid of 10m for the club and a promise of 25m to re-invigorate the club, this appears to be a realistic and costed rival to the Bates bid. Bates himself question why he didn`t invest when he had his directorship under Gerald Krasner, but in reply why would someone invest in such a debt burden club. With Leeds finances set to be all but wiped out, the investment future looks good.

My View. KPMG have to look at the future both for the club and the current creditors. Under Ken Bates, the future looks like being a very long and drawn out one. We need serious money now to mount a return challenge to the Championship. The creditors would receive less return for their current investment, but would still be involved in the club should our fortunes change in years to come. Under Morris/Revie, the future would be very unclear. Talk is cheap. Any future for the club starts building next season. LUFC will dictate how successful the area around Elland Road will be, on the field. Any new management team coming in must realise this, and this is why KPMG must listen to the fans and consider the future of the club.






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:  Mail feedback, articles or suggestions

Date:Thursday May 17 2007

Time: 10:43AM

Your Comments

"25 to re-invigorate the club" ... wow thats gonna help a lot ... A whole 25 quid ! lol ..... only kidding (maybe) ... I think the last bid you mention sounds the best one to get rid of the bates/wise road to destruction and hopefully in a few years see you back up in the CCC at least
dazednconfuzed
let's hope you're in freefall and go down to league 2! :D
richy23
gd overview of what is happening thanks
Super-Leeds
I was doing some of my charity work this morning and overheard a couple of "Business men" talking about a take over at your club.They said that a deal had been put in place for a take over from a well known Film star who was going to build a new 75000 seat stadium in the city,get a renowned international manager to take charge of the team and give him 150 million to spend over a 3 year span to get you back in the premier league.They also have plans to reduce the ticket prices by 50% and to have the name of Leeds United making headlines on the back pages rather than the front ones.I do enjoy my job at the local Mental asylum even if the patients do talk a load of old b*ll*cks.Everyone knows your club is a spent force."Wembley,Wembley.Where the famous Man United and where going to Wembley"
SweetLeftFoot
Is it true Fergie is going to walk onto the pitch at the start with Jose's Dog?
dazza71
No,he's going to walk on with the greatest team on earth!!!!
SweetLeftFoot
Those were the days!
yorkshirepride1
 

Have Your Say

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

Recent Leeds Articles

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 352
2. leeds1975 253
3. deslondon 112
4. erni 86
5. iwa 53
6. Tiny T 41
7. PDIRISH 39
8. King Billy 38
9. SimonTVW 35
10. ultraleeds 15

League Results (view all)

Latest Results

League Table (view table)

Team P W D L GD Pts
12. Fulham 0 0 0 0 0 0
13. Huddersfield 0 0 0 0 0 0
14. Ipswich 0 0 0 0 0 0
15. Leeds Utd 0 0 0 0 0 0
16. Middlesbrough 0 0 0 0 0 0
17. Millwall 0 0 0 0 0 0
18. Norwich 0 0 0 0 0 0

Breaking League News

Filling the Juke's shoes
Bolton : 23/07/2014 10:02:00
Veteran Signs As Wanderers Player-Coach
Bolton : 23/07/2014 10:00:00
The Championship 2014/15 - Blackpool
Reading : 23/07/2014 10:00:00
The Striker Shake Up
Norwich : 23/07/2014 09:49:00
Trialist Lita Scores Braintree Winner
Ipswich : 23/07/2014 09:45:00

Current Site Poll (view all polls)

Where do you think Leeds will finish in 2014/15?
Suggested By:  
Automatic promotion 14%
Play-offs 12%
7-12 25%
13-18 37%
19-21 6%
Relegated 6%