Please insert whichever debt figure you like, makes no different to my point. Debt wiped out is good in business terms for the new owners of LUFC whoever they might have been.
As you have the information, you tell us what the offers for the creditors were from the other bidders. Bates = 1% plus further payment based on success. Morris = 20% plus 20% further payment Enlighten us. Not that it matters, they didnt win, Bates did. Deal with it. -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Paul Cundell Sent: 14 June 2007 23:42 To: 'leedslist' Subject: Re: [LU] The inevitible does happen > > Lets face it, in pure business terms the CVA was a good > result with £35m > wiped out, no? Just like cuddly Ken you like this £35M figure don't you? Please remember that this £35M figure consists of a huge chunk that certain creditors did not want back under any circumstances unless it meant Ken got control. In such a case I fail to see how that can be described as a 'real' debt. > The 3 other bidders who only offered to match > those terms > also thought so. > Please advise which 3 other bidders offered to match those terms? Cheers Paul _______________________________________________ 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 _______________________________________________ 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
