The footballing debts are only secure and to be paid, in full, if Leeds United stays in business and wants to remain in the league. Hence, if Bates bid failed and his, off shore cronies blocked the acceptance of any other bids then, supposedly Leeds would be liquidated and no longer subject to those debts being paid, other than along the same lines as any other creditor dividend..
One assumes that is why Bates was touting the idea that he'd got strong backing, for his plan from the PFA... It was also why he was so eager to point out the likelihood of liquidation to the fans and especially the 20 yr ticket holders.. Under those circumstances they did stand the chance of losing money just like all other creditors and so were entitled to a vote. However, on the flip side they might all be viewed as creditors given preferential treatment, which under the laws of administration would bar them from voting.. Quite the ethical dilemma there... -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Tim Leslie Sent: Monday, June 04, 2007 9:33 AM To: leedslist Subject: Re: [LU] From Sq Ball re Voting OK you got me, I thought all footballing debts, to ex players etc. and all the 20 year season ticket holders 'investments' were to be honoured by the club as they came under the 'football debtors' category. Are you saying that is now not the case and that the 20 year old season tickets are not worth the preverbial Jack Shit? You miss my point here. What I am saying is that IF the 20 year old season ticket holders were footballing debts and therefore safe, then why were they allowed to vote, particularly if one or more of them had an interest in an alternative bid. However if what you are saying above means you've now lost the 16 or so years left on it then fine, I understand it completely ... well, almost completely!! ;-) _______________________________________________ the Leeds List is an unmoderated mailing list and the list administrators accept no liability for the personal views and opinions of contributors. Leedslist mailing list [email protected] http://list.zetnet.co.uk/mailman/listinfo/leedslist Join The Leeds United Supporters Trust at www.lufctrust.org
