> This summer was supposed to be the time when all the big money earners > had > gone. They should have all be paid off during last season so that they > were > eroded down to near zero. Instead it is obvious that the club had not > been > paying them and instead they have now been crystalized into "football > creditors". > The Football League will not let Leeds United regain the "Golden Share" > if > these football creditors are not paid in full by the new owners of the > club. > It may be that the Newco can negotiate something with these football > creditors but given their recent experiences and the reported mood of > other > clubs chairmen and agents I'm not sure that there will be a great deal > of > understanding or co-operation and that it may all need to be settled as > lump > sums on the nail. That would be an instant drain on capital. Then the > club
The point that the football debts may have not been being paid may cause a drain on the finances and draw away from the transfer fund, but I would have thought the fact that football debts are guaranteed to be paid will mean that most, if not all, other clubs wont really see administration as an issue? Do we know that the football debts when we went into admin weren't bau debts, ie outstanding repayments, ie up until that point lufc had met all its monthly repayments according to the agreed schedules with individuals/clubs? _______________________________________________ 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
