Leeds Utd - The Plot Thickens

[Alex Alex Dawson oo! oo!]

Just found this on the Yorkshire Evening Post online - court hearing is scheduled for September approx 3 weeks after the seasons kicks off.
Would expect KPMG to want to protect their reputation and get out of this one pronto now.

http://www.yorkshireeveningpost.co.uk/news?articleid=3011456

 

[JJ McClure]

Do KPMG have a reputation to protect?

 

[the wanderbus]

I thought they were banned from any transfer activity while in administration, yet yesterday they sold Nicholls to PNE & todays mirror reckons Healy is on his way to Fulham for £2m.

 

[itszamora]

I see KPMG and their legal team are still pushing the emotional blackmail line as hard as they can in that piece.

 

[cjd]

I wonder if the Leeds Utd supporters still think Ken bates is their saviour...?

 

[Easy 10]

The Football League requires clubs in administration to secure a CVA before their share is transferred.
The league however recently revealed that they are able to bypass that rule in \'exceptional circumstances\'.

But Mr Doyle told the court that the League had informed KPMG that United\'s circumstances were not considered to be exceptional and a CVA would still be required.

Sounds promising.

 

[Alex Alex Dawson oo! oo!]

I wonder if the Leeds Utd supporters still think Ken bates is their saviour...?

An eg from '606' fyi.

http://www.bbc.co.uk/dna/606/A24512087

 

[DIFFBROOK]

I believe that Leeds can sell players, but are prevented from buying any.

My Leeds supporting colleagues are totally fed up and just wish Bates would walk away. Thing is Bates has never walked away from anything, unless he has had a few million placed in his pocket.

I can see this this saga running for awhile yet.

 

[aftershavedave]

I believe that Leeds can sell players, but are prevented from buying any.

does this mean that leon constantine is definitely joining us as rumoured a week or too ago?

 

[Alex Alex Dawson oo! oo!]

Do KPMG have a reputation to protect?

But they don't realise that.

Anyway, it's the KPMG activities surrounding the shareholders ballot/vote that seem to form the basis of HMRC's challange to the CVA so I'd have thought that these parasites would want to have avoid having to disclose all to the court.

I guess the most likely scenarios are:
(a) The current CVA will be withdrawn if there's really another bidder lined up and ready to go.
(b) Bates ups the offer to try and get HMRC off their backs - however, it seems to me that Bates/KPMG have really pissed off the Revenue here so I wouldn't be surprised if they stick out for the full 100% or something close.
(c) The FL cave in, make Leeds a special case after all and allow them to start the season prior to the case being heard.

Regrettably I think (c) will be inevitable if the others don't materialise.

 

[Da Man Clay]

does this mean that leon constantine is definitely joining us as rumoured a week or too ago?

Why do people think we are going to get constantine? He turned us down in January despite the offer a £150k a year pay rise. Why would he have changed his mind now?

 

[Superphil]

I wonder if the Leeds Utd supporters still think Ken bates is their saviour...?

I wonder if Man City fans are ecstatic about Erikson.

We have a lot to thank DK for.

 

[Da Man Clay]

I wonder if Man City fans are ecstatic about Erikson.

We have a lot to thank DK for.

I'd quite happily trade with Man City.

 

[DIFFBROOK]

But they don't realise that.

Anyway, it's the KPMG activities surrounding the shareholders ballot/vote that seem to form the basis of HMRC's challange to the CVA so I'd have thought that these parasites would want to have avoid having to disclose all to the court.

I guess the most likely scenarios are:
(a) The current CVA will be withdrawn if there's really another bidder lined up and ready to go.
(b) Bates ups the offer to try and get HMRC off their backs - however, it seems to me that Bates/KPMG have really pissed off the Revenue here so I wouldn't be surprised if they stick out for the full 100% or something close.
(c) The FL cave in, make Leeds a special case after all and allow them to start the season prior to the case being heard.

Regrettably I think (c) will be inevitable if the others don't materialise.

I think you are right.

 

[Superphil]

I'd quite happily trade with Man City.

Go on then, you can become a City fan if you like. You could even cadge a ride on the Man U coaches for home games.

I this I would feel pretty down if my team was about to be managed by the clown that is Erikson, Jeez, he makes MM look positively inspiring.

Still remember lip reading him saying "Why won't they do what I say" on the touchline against Portugal (?) He is a disaster, about to happen again in Manchester.

 

[Silent Bob]

I thought they were banned from any transfer activity while in administration, yet yesterday they sold Nicholls to PNE & todays mirror reckons Healy is on his way to Fulham for £2m.

They can't buy, only sell.

 

[hans kraay fan club]

And once they have sold, where does the £4m go?

 

[Parson Henry]

Be careful Mister Bates might read this.

 

[Da Man Clay]

Go on then, you can become a City fan if you like. You could even cadge a ride on the Man U coaches for home games.

I this I would feel pretty down if my team was about to be managed by the clown that is Erikson, Jeez, he makes MM look positively inspiring.

Still remember lip reading him saying "Why won't they do what I say" on the touchline against Portugal (?) He is a disaster, about to happen again in Manchester.

Id take being manage by Erikson (Which will probably only be for a season or two) if we had their ground and playing in the premier league to be honest. I meant id trade everything they have for everything we dont!

 

[Silent Bob]

And once they have sold, where does the £4m go?

No idea. To the administrators maybe?