Vital Football

Latest Leeds United News

Leeds United Sold To Ken Bates

Leeds United Sold To Ken Bates

Former Leeds United chairman Ken Bates has won the race to purchase the club following administrators KPMG`s decision to sell Leeds United outside of the CVA (Company Voluntary Arrangement).

With a number of bids reported to have been made, for some bizarre reason it is now Bates, who was targeted by Customs & Revenue for his 8p in the £1 offer to creditors who will re-take control of the club. Joint administrator Richard Fleming said: 'We received several offers for the business which we considered carefully. The approved deal represents the best result for creditors in the circumstances and we believe provides the club with the best chance of survival.'

The statement now appears to insist that this was the only option for the club, and that Bates was the best man for the job. It remains to be seen just what HM Revenue & Customs and every other creditor think of this deal that may see the clubs debts completely wiped out. Fleming added: "We understand this has been a difficult time for all those concerned about the future of Leeds United.

'This deal is a necessary step if the club is to have a chance of playing in League One in the 2007/08 season. We wish the club well in its endeavours to secure a transfer of the Football Share.'

The 'New Leeds' are expected to release a statement in due course.



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.

Writer:LUFC1
Date:Wednesday July 11 2007
Time: 4:00PM

Login to post a comment

Recent Leeds United Articles

LUFC On This Day - March 24th

A look back at what happened on this day March 24th in the history of Leeds United.

LUFC Second Leeds Player Makes Move To Guiseley

Second Leeds players makes the move to non-league side Guiseley.

LUFC Newcastle Clash Set To Be A Sell-Out

The clash between Newcastle United and Leeds United at St James` Park next month will be played in front of a sell-out crowd

LUFC Loan Move For Leeds Midfielder

Leeds United youngster Alex Purver has rejoined Conference Premier Division side Guiseley AFC on loan

Archived Vital Leeds Articles

Vital Leeds articles from

Site Journalists

Dazza71
Editor email
Profile

Current Poll (see more polls)

Signing of the Season?
Suggested By:
Green27%
Ayling16%
Bartley16%
Jansson41%
Grimes0%
O'Kane0%
Hernandez0%
Roofe0%
Pedraza0%
Pedraza0%
Sacko0%
Roofe0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Newcastle 38 24 6 8 78 38
2 Brighton 38 23 8 7 77 30
3 Huddersfield 37 22 5 10 71 4
4 Leeds Utd 38 21 6 11 69 16
5 Reading 38 20 7 11 67 2
6 Sheff Wed 38 18 8 12 62 9
7 Fulham 38 16 13 9 61 19
8 Norwich 38 16 9 13 57 9
9 Preston 38 15 12 11 57 6
10 Derby County 38 14 11 13 53 3
11 Barnsley 38 14 9 15 51 0
12 Aston Villa 38 13 12 13 51 0
13 Cardiff 38 14 9 15 51 -1
14 Brentford 38 14 8 16 50 3
15 Q.P.R. 38 14 8 16 50 -5
16 Wolves 37 12 9 16 45 -2
17 Ipswich 38 10 15 13 45 -9
18 Birmingham 38 11 12 15 45 -16
19 Bristol City 38 11 8 19 41 -3
20 Forest 38 11 8 19 41 -11
21 Burton 38 10 11 17 41 -14
22 Blackburn 38 9 13 16 40 -11
23 Wigan 38 8 10 20 34 -13
24 Rotherham 38 4 5 29 17 -54
The Vital Football Members League
Latest F1 News
Latest Vital Boxing News
Vital Football Comment

Recent Leeds United Results (view all)

Leeds United Fixtures (view all)

Apr 1 2017 5:30PM : Reading (a)
Sky Bet Championship
Apr 4 2017 7:45PM : Brentford (a)
Sky Bet Championship
Apr 8 2017 3:00PM : Preston North End (H)
Sky Bet Championship
Apr 14 2017 7:45PM : Newcastle United (a)
Sky Bet Championship
Apr 17 2017 3:00PM : Wolverhampton Wanderers (H)
Sky Bet Championship
Apr 22 2017 3:00PM : Burton Albion (a)
Sky Bet Championship

Vital Members League Table

RankNamePoints
1.dazza71138
2.deslondon84
3.King Billy82
4.Tiny T64
5.Spanky White30
6.Oyper30
7.erni29
8.SimonTVW28
9.ultraleeds22
10.@OxonWhite21
Write for Vital Football