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

Best of Vital Network

Recent Leeds United Articles

LUFC Leeds United Fan View v Bristol City

A view of the performance

Leeds Fight Back To Earn A Point

Leeds United fought back to earn a point against Bristol City in Paul Heckingbottom`s first game in charge at Elland Road.

A game of two halves saw Bristol City lead 2-0 at the break but two go

Stats: Leeds v Bristol City

All the stats from Leeds (2) vs (2) Bristol City, Elland Road, 18/02/18 4.30pm Att: 28,004

LUFC On This Day - 19th February

What happened on this day at Leeds United

Leeds United Archived Articles

Vital Leeds articles from

Site Journalists

Dazza71
Editor email
Profile

Current Poll (see more polls)

Man of the match v Bristol City?
Suggested By:
Wiedwald8%
Anita0%
Pennington 0%
Jansson2%
De Bock 0%
O`Kane0%
Forshaw 20%
Hernandez 46%
Lasogga 12%
Ekuban 2%
Dallas5%
Vieira0%
Sacko0%
Phillips5%
ScoopDragon Publishing Entire League Network of Sites
The Vital Football Members League
Latest F1 News
Latest Vital Boxing News
Vital Football Comment

Recent Leeds United Results (view all)

Leeds United Fixtures

Vital Members League Table

RankNamePoints
1.dazza71143
2.Tiny T90
3.deslondon56
4.erni47
5.bago46
6.Oyper28
7.SimonTVW26
8.King Billy19
9.1972Glory17
10.ultraleeds14
Write for Vital Football