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
LUFC Redfearn to get job on a permanent basis (Saturday October 25 2014)
LUFC Milanic sacked by Leeds (Saturday October 25 2014)
LUFC BREAKING: Leeds v Wolves Teams (Saturday October 25 2014)
Pearce - We are not far away from that first win (Saturday October 25 2014)
LUFC Leeds a big price at home (Saturday October 25 2014)
LUFC On This Day - October 25th (Saturday October 25 2014)
LUFC Leeds v Wolves - Over The Years (Friday October 24 2014)
LUFC Will Leeds slay the Wolves? (Friday October 24 2014)
LUFC Webb to take charge of Wolves clash (Friday October 24 2014)
LUFC On This Day - October 24th (Friday October 24 2014)
|Leeds Utd||1||-||1||Sheff Wed|
|18. Leeds Utd||14||4||4||6||-4||16|
|Karanka happy with display
» Middlesbrough : 25/10/2014 23:11:00
» Rotherham : 25/10/2014 22:28:00
|Honours even between challengers
» Middlesbrough : 25/10/2014 22:06:00
|Eight Bar Blues..as Cherries hit record
» Bournemouth : 25/10/2014 21:54:00
|McClean Double Downs Derby
» Derby County : 25/10/2014 21:46:00