Date:Wednesday July 11 2007
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 firstname.lastname@example.org.
Date:Wednesday July 11 2007
LUFC Redfearn - We were hanging on (Wednesday September 17 2014)
LUFC Leeds Fan View v Bournemouth (Wednesday September 17 2014)
LUFC Who was your Leeds Man of the Match? (Wednesday September 17 2014)
Storming second half secures Leeds win (Wednesday September 17 2014)
Stats: Bournemouth v Leeds United (Wednesday September 17 2014)
LUFC On This Day - September 17th (Wednesday September 17 2014)
LUFC Leeds a big price to pip the cherries (Tuesday September 16 2014)
LUFC Bournemouth v Leeds United - History (Tuesday September 16 2014)
LUFC Former Premier League Ref In Charge (Tuesday September 16 2014)
LUFC On This Day - September 16th (Tuesday September 16 2014)
|14. Leeds Utd||7||3||1||3||-3||10|
» Charlton : 17/09/2014 21:58:00
» Blackburn : 17/09/2014 21:45:00
|LUFC Redfearn - We were hanging on
» Leeds Utd : 17/09/2014 20:32:00
|LUFC Leeds Fan View v Bournemouth
» Leeds Utd : 17/09/2014 19:50:00
|Forest v Fulham - Team Sheets
» Fulham : 17/09/2014 19:30:00