Date:Thursday July 5 2007
Following the announcement that HM Revenue & Customs are set to challenge Ken Bates' offer to re-acquire the club, Leeds United have hit back in a bid to ensure the clubs survival.
It was announced on Tuesday that the Inland Revenue intend to challenge the CVA offer, which 'New Leeds' head Ken Bates had increased from 1p in the £1 to 8p.
Following the announcement, Bates claimed that if the Government organisation continues with their challenge, it could see the club forced into liquidation. Before the CVA deadline, Bates told The Times:
'If there is a legal challenge, it could take two or three months to get to court and be decided,' Bates told the Times, prior to the announcement on Tuesday.
'In the meantime, who is going to pay to run the club?
'So far it's been funded by the 'new Leeds', but if there is a challenge, the 'new Leeds' won't do it because it's a risk.
'The implications are that the club would close down.'
The club have now talked to their lawyers, to investigate the Inland Revenue`s case against Leeds, citing a test case that was defeated when HMRC challenged Newcastle United for VAT charged by football agents.
A preliminary High Court meeting is set to be held on Friday.
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 firstname.lastname@example.org.
Date:Thursday July 5 2007
Leeds hope to get off to a flyer against Seagulls (Wednesday June 19 2013)
LUFC Leeds United Fixtures 2013/14 (Wednesday June 19 2013)
LUFC On This Day - 19th June (Wednesday June 19 2013)
LUFC Ticket information for Nurnberg friendly (Tuesday June 18 2013)
LUFC Former player earns new deal with academy (Tuesday June 18 2013)
LUFC Four possibilities off opening day list (Tuesday June 18 2013)
LUFC On This Day - 18th June (Tuesday June 18 2013)
Leeds being linked to Romanian international duo (Monday June 17 2013)
LUFC McDermott ready to get cracking (Monday June 17 2013)
LUFC McDermott pleased to get a home draw (Monday June 17 2013)
|15. Leeds Utd||0||0||0||0||0||0|
|16. Leicester City||0||0||0||0||0||0|
|Johnson - A Celebration Of What We've Achieved
» Yeovil : 19/06/2013 18:23:00
|Yeovil Announce Fresh Friendly
» Yeovil : 19/06/2013 18:18:00
|Championship Yeovil Kick Off At Millwall
» Yeovil : 19/06/2013 18:16:00
|Robbo Pleased With Home Start
» Millwall : 19/06/2013 17:57:00
|Lomas Begins 2012-13 Hosting Yeovil
» Millwall : 19/06/2013 17:53:00
|2013-14 Begins At Boro For Leicester
» Leicester City : 19/06/2013 17:41:00
|Owen Coyle Guest Of Honour At Latics Fans Forum
» Wigan : 19/06/2013 17:29:00