Leeds - Morris Makes Leeds United Bid
UK time is: 10:44:16
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

Morris Makes Leeds United Bid

Potential new owner Simon Morris tabled a bid on Saturday for Leeds United, offering the clubs creditors 40p in the 1 for the club, vastly improving on Ken Bates' offer of just 1p in the 1.

Morris is believed to have already offered 10m for the club, with a further 25m ready to invest coupled with a re-development plan for Elland Road and the surrounding area.

The statement, posted both online via saveleeds.com and via subscription e-mail read:

'Property developer SR Morris Group, which is bidding to buy Leeds United FC, has today (Saturday) offered creditors 40p-in-the-pound to win their support in the battle to takeover the club.

SR Morris has already tabled 10million to buy Leeds out of administration, topped up with a cash injection of 25million to stabilise the club`s finances. The company has a 400million redevelopment plan for Elland Road that will regenerate a key area of the city.

Creditors are currently being offered 1p-in-the-pound.

SR Morris chairman Simon Morris said: 'We believe creditors will see and understand the value in our offer.

'If we are successful in our bid to buy Leeds United, there will be 20p-in-the-pound for the creditors immediately and a further 20p-in-the-pound for them over a period of time.`

At an administrator`s meeting on Friday a recount was ordered after 75.02 per cent of the creditors voted to accept the 1p-in-the-pound offer.

The recount meeting is scheduled for Monday June 4.'


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:Saturday June 2 2007

Time: 9:23PM

 

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
ScoopDragon Publishing Entire League Network of Sites

Vital Members League (view all)

1. dazza71 4
2. erni 1
3. bago 1

League Table (view table)

Team P W D L GD Pts
13. Huddersfield 0 0 0 0 0 0
14. Hull City 0 0 0 0 0 0
15. Ipswich 0 0 0 0 0 0
16. Leeds Utd 0 0 0 0 0 0
17. Middlesbrough 0 0 0 0 0 0
18. MK Dons 0 0 0 0 0 0
19. Preston 0 0 0 0 0 0

Leeds Fixtures (view all)

Breaking League News

Tom Lees Comments After Signing Four-Year Owls Contract
Sheff Wed : 01/08/2015 10:21:01
Video - Wednesday's New Forward Joao - Who Are Ya?
Sheff Wed : 01/08/2015 10:09:00
Striker Vaz Te On Wednesday Radar?
Sheff Wed : 01/08/2015 09:44:00
LUFC Leeds in top ten best home teams in English football
Leeds Utd : 01/08/2015 09:29:01
RUFC - Potted History of FSC Mainz 05
Rotherham : 01/08/2015 09:08:00

Current Site Poll (view all polls)

Best signing of the summer so far?
Suggested By:  
Ross Turnbull 7%
Charlie Horton 6%
Tom Adeyemi 18%
Lee Erwin 10%
Chris Wood 25%
Sol Bamba 34%