UK time is: 12:37:59
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

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.




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:Wednesday July 11 2007

Time: 4:00PM

 

Have Your Say

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

Recent Leeds Articles

LUFC On This Day - April 21st (Tuesday April 21 2015)

LUFC SkyBet Championship Round-Up (Monday April 20 2015)

LUFC On This Day - April 20th (Monday April 20 2015)

LUFC Leeds Loan Watch (Sunday April 19 2015)

LUFC Cook wins Apprentice award (Sunday April 19 2015)

LUFC Redfearn pleased for striker (Sunday April 19 2015)

Archived Leeds Articles

List All Vital Leeds Articles
Have your say
Click here to suggest an article
Click here to suggest a poll
ScoopDragon Publishing Entire League Network of Sites

Vital Members League (view all)

1. dazza71 483
2. erni 151
3. deslondon 123
4. SimonTVW 64
5. bago 39
6. Oyper 31
7. King Billy 21
8. 1972Glory 18
9. ultraleeds 18
10. Tiny T 16

League Table (view table)

Team P W D L GD Pts
13. Cardiff 44 14 14 16 -6 56
14. Birmingham 43 13 15 15 -13 54
15. Huddersfield 44 13 14 17 -17 53
16. Leeds Utd 44 14 10 20 -12 52
17. Bolton 44 13 12 19 -9 51
18. Fulham 44 13 10 21 -20 49
19. Reading 42 12 11 19 -20 47

Breaking League News

Fulham Can Turn It Around!
Fulham : 21/04/2015 12:09:01
Fulham Interest in Oduwa
Fulham : 21/04/2015 12:01:00
Tonight We Could Be Safe
Fulham : 21/04/2015 12:00:00
Wednesday Press Release - Aldridge to Leave
Sheff Wed : 21/04/2015 10:27:01
Player of the Season - The contenders
Reading : 21/04/2015 10:00:00

Current Site Poll (view all polls)

Man of the match v Charlton?
Suggested By:  
S. Taylor 6%
Wootton 3%
Bamba 13%
Cooper 3%
C. Taylor 6%
Austin 3%
Mowatt 6%
Murphy 6%
Morison 27%
Sharp 10%
Byram 17%