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Leeds appeal dismissed !











pornomagboy

wake me up before you gogo who needs potter when
May 16, 2006
6,090
peacehaven
great news

get in there yyyyyyyyyyyyyeeeeeeeeeeessssssssss
 






Pavilionaire

Well-known member
Jul 7, 2003
31,274
Justice.
 




227 BHA

Well-known member
Jul 5, 2003
3,319
Findon Valley, Worthing
From the BBC -

The chairman of the other 71 Football League clubs voted "overwhelmingly" to sanction the club and then again to uphold the original punishment.

In both cases, the outcome was higher than a 75% majority vote.

:clap2::clap2::clap2::clap2:
 








Lady Whistledown

Well-known member
NSC Patron
Jul 7, 2003
47,641
one_million_dr_evil.jpg


Mwahahahahahahahaha!
 






pornomagboy

wake me up before you gogo who needs potter when
May 16, 2006
6,090
peacehaven
http://news.bbc.co.uk/sport1/hi/football/teams/l/leeds_united/6937521.stm

Leeds lose points penalty appeal

Bates is unhappy with the 15-point deduction
Leeds have lost their appeal against their 15-point deduction for an alleged breach of the Football League's insolvency policy on Thursday.
The chairmen of the other 71 Football League clubs voted "overwhelmingly" to sanction the club and then again to uphold the original punishment.

In both cases, the outcome was higher than a 75% majority vote.

Leeds supremo Ken Bates had insisted his club had not broken any rules but he must now accept the decision.

Bates had sent a letter to all Football league chairmen, arguing argued in his letter that the punishment was a "breach of natural justice".

It was imposed on 4 August, the same day that Leeds were granted their 'golden share' that allowed them to compete in the Football League this coming season.

The share had been suspended when Leeds went into administration at the end of last season, a decision that automatically incurred a 10-point penalty and thus sealed their relegation from the Championship.

The League want clubs coming out of administration to do so via a company voluntary arrangement (CVA) with football creditors paid in full.

Leeds' creditors originally opted for the club to be sold back to Bates via a CVA.

But HM Revenue & Customs, unhappy at the plans of Bates to pull the club out of administration by paying creditors only eight pence in every £1, mounted a legal challenge.

The matter went to a High Court hearing in Leeds. Preliminary hearings were held on 6 July with a date set for the full case to be heard in September - sparking fears the club might not start the season.

Administrators KPMG subsequently put the club up for sale.

Bates then bought the club back off KPMG in a deal that could eventually be worth more than 50p in every £1 for creditors.

But the purchase meant that the club had not come out of administration via a CVA - with the League imposing their subsequent 15-point penalty for the breach of policy.

Football League chairman Lord Mawhinney has written to all the chairmen of the 71 clubs outlining the consequences of not upholding the penalty against Leeds.

A League statement after the penalty was imposed said: "It is acknowledged the club did go into administration and has been unable to comply with the terms of the League's well-established insolvency policy.
 








DIFFBROOK

Really Up the Junction
Feb 3, 2005
2,267
Yorkshire
Without the points deduction Leeds side wasn't good enough to up as champions or even as runners up. I think they would have managed one of the play of places though. With the points deduction the chances of them making that are slim.

As for relegation, depends on the start they get. If they start off losing games, then the pressure on the players, Wise and Bates will be immense. If that happens, then yes another drop could be on the cards
 


e77

Well-known member
May 23, 2004
7,270
Worthing
Feel sorry for the fans but it had to happen. I suspect it will go to court though.
 






Barrel of Fun

Abort, retry, fail
and of course the only one to really suffer are the fans

Was that ironic?

I would imagine the creditors getting only circa 50% of their debt back will suffer. 15 points is not going to destroy the football club. They may have to 'rough it' in League One for more than one season, but at least they have a club. It could have been a whole lot worse.
 


bhaexpress

New member
Jul 7, 2003
27,627
Kent
Blame Bates. I bet most chairpersons think like most fans, he's a prize wanker.
 


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