UK time is: 19:33:17
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

Leeds United Takeover News

The Leeds United official website have announced that, following a meeting with the Inland Revenue that the clubs creditors will now receive a much improved offer, taking the deal to 8p in the 1 from the original 1p.

The original payment from the group fronted by former Chairman Ken Bates was set at 1p in the 1, which was deemed unacceptable by a large proportion and with rumours of a Government-level objection cropping up it now appears that Bates has moved to safeguard his takeover of the club.

A statement, released on the official website suggests now that any move to block Bates` takeover of Leeds United will be on a personal or political scale, rather than the commercial viewpoint that was taken by those who did not support the original offer.

The statement, in part, reads; "After meetings with the Inland Revenue the administrator has negotiated an improved offer to the creditors of Leeds United, offering them a further amount equal to approximately 7p in the pound.

This will take the total to approximately 8p in the pound. The original agreement also included provision for a further 5m payment to creditors (approximately 30p in the pound) should the club reach the Premier League within the next five years.

This period of time has now been extended to 10 years. This payment compares favourably with dividends paid by other football clubs that have been through the Administration process and with any offers that the Administrators received prior to approval of the CVA."



Join Vital Leeds United!

It's very easy to sign up with Vital Leeds United, simply click the link and enjoy getting involved.

The Message Board: .After you've registered, you will be able to interact with other Leeds United supporters via our forums. To visit the Vital Leeds message board, click here.

Have your say: This website is your website and we are looking for people to help contribute to the site. Do you go to most of the games and want to share your opinions. Why not write a match report?

Do you believe you can make a better half-time pie than the clubs catering contractors? Well write in with a recipe!

We`re looking for contributors to add almost anything and everything linked with the club to Vital Leeds United. To get in touch with us, please feel free to fire an e-mail to leeds@vitalfootball.co.uk.




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

The Journalist

Writer: LUFC1 Mail feedback, articles or suggestions

Date:Monday July 2 2007

Time: 5:08PM

Your Comments

He's a laughin now alright!
murph
Still smells rather fishy by Captain Birdseye!!!
dazza71
He's panicking... I expect a legal challenge tomorrow
milkylufc
Bloody Hell!!!!He's so generous..Glad he aint one of my relations!!!!Mind you his Fish Finger Industry aint what it used to be..lol
kazza
i hope we dont end up having to go to court n do all that ladida
Super-Leeds
 

Have Your Say

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

Recent Articles

LUFC Leeds Greatest Ever (Thursday April 17 2014)

LUFC Leeds Pre-Season Tour Stalemate (Thursday April 17 2014)

LUFC On This Day - April 17th (Thursday April 17 2014)

LUFC Barnsley v Leeds United - History (Wednesday April 16 2014)

LUFC On This Day - April 16th (Wednesday April 16 2014)

LUFC On This Day - April 15th (Tuesday April 15 2014)

Archived 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 422
2. bago 154
3. deslondon 120
4. erni 109
5. leeds1975 109
6. King Billy 91
7. Davey 3006 82
8. Tiny T 66
9. SimonTVW 53
10. iwa 39

League Results (view all)

League Table (view table)

Team P W D L GD Pts
13. Watford 41 14 15 12 16 57
14. Bolton 42 13 15 14 -2 54
15. Sheff Wed 42 12 14 16 0 50
16. Leeds Utd 42 14 8 20 -9 50
17. Huddersfield 42 12 10 20 -9 46
18. Birmingham 41 11 10 20 -10 43
19. Doncaster 42 11 10 21 -26 43

Breaking League News

LUFC Leeds Greatest Ever
Leeds Utd : 17/04/2014 19:19:00
Away From Home: What To Do About Late Goals?
Watford : 17/04/2014 19:14:00
LUFC Pre-Season Tour Stalemate
Leeds Utd : 17/04/2014 18:00:00
DRFC Can Rovers beat the Rams?
Doncaster : 17/04/2014 18:00:00
Forest Keeper Confident Of Win Against Blues.
Birmingham : 17/04/2014 16:33:00
Charlton v Bolton PREVIEW
Charlton : 17/04/2014 14:37:00
Meet the Referee v Burnley
Blackpool : 17/04/2014 14:04:00

Current Site Poll (view all polls)

Man of the match v Blackpool?
Suggested By:  
Butland 5%
Wootton 2%
Zaliukas 2%
Pearce 2%
Warnock 7%
Murphy 63%
Brown 11%
McCormack 2%
Smith 2%
Tonge 2%
Lees 2%