At the end of this piece Harvey says that "no issue has been raised in respect of the debts of Holroyd Construction and APT Skidata who voted against the proposal"
What Harvey doesn't say is that Holroyd were the company who refurbished an office and Gymnasium at Thorp Arch and APT are the company who provide the equipment that Season Ticket Holders use to get through the turnstiles. Clearly goods and services that were provided before the CVA and which any ordinary person can easily see as being a real debt (both companies are quite open about what they have provided for Elland Road on their respective websites) not like a secret contract about what a radio station might and may not have broadcast ten years hence. Might Harvey just have singled out one of these companies because their representative at the CVA meeting expressed anger that St Gemma's was owed money and was offering to pay them out of his own pocket? Seems like more bullying to me, now read on.......... Leeds survival warning http://www.yorkshirepost.co.uk/leeds?articleid=2988934 By Richard Sutcliffe Leeds United chief executive Shaun Harvey last night warned that any legal challenge to Ken Bates's rescue bid will put the club's very survival in doubt. The United chairman regained control of the Elland Road outfit – placed into administration on May 4 amid debts of £35m – earlier this month after a fraction over the required 75 per cent of creditors voted in favour of his plan. Any creditors wanting to challenge the vote must do so before Tuesday July 3 when the statutory 28-day window for an appeal comes to a close. A group of Yorkshire MPs met Treasury Minister Ed Balls on Tuesday to voice their concerns over Bates's bid for control that, providing it goes through, will see creditors receive just one pence in the pound. The Inland Revenue, who will lose around £7m under the plan, are understood to be considering a legal challenge before next Tuesday. However, chief executive Harvey last night stressed how damaging any appeal could be to United, who will remain under a transfer embargo until they exit administration. In a statement released exclusively to the Yorkshire Post, he said: "The club has been advised that a procedural appeal would not succeed. Such an appeal at this late stage would, however, have the affect of hindering the acquisition of a playing squad required to obtain promotion to the Championship at the first attempt. "It would also threaten the very survival of the Football Club. The club has been advised that an appeal would be likely to take two or three months during which period, if the company was to survive, the joint administrators would have to run the club. "To enable the club to play in the Football League next season, the Football League would require an assurance that the club could meet its playing commitments throughout the season. "Without the stability of a firm bid for the club, the administrator could not give such a commitment." Harvey, who started his career in football administration with Scarborough when they were a Football League club in the early Nineties, added: "This week Yorkshire has already lost one football club (Scarborough). "We appreciate the loss and distress that this failure must cause for their supporters. "Consider, however, how much worse the loss would be if a club like Leeds United cease to exist with the loss of up to 500 jobs undertaken by local people (not footballers)." Harvey also pointed to the offer agreed at the creditors meeting whereby a further £5m will be paid to creditors should United return to the Premiership during the next five seasons. This would equate to creditors receiving a final settlement of 30 pence in the pound, which Harvey claims would "compare very favourably with the payments made by the other 45 football clubs that have been through the administration process". As exclusively revealed in yesterday's Yorkshire Post, questions were raised at Tuesday's meeting between Yorkshire MPs Colin Burgon, George Mudie and Phil Willis, Sports Minister Richard Caborn and Treasury Minister Ed Balls over a £480,000 debt to Yorkshire Radio, a station set up by Bates last year. The debt did not appear on the original list of creditors, but was later approved by administrators KPMG. A debt owed to Mark Taylor, a director of the company hoping to take control of United, also rose significantly from the original list. However, Harvey said: "The quantum and eligibility of votes cast in favour of the proposal of Mark Taylor & Company and by Yorkshire Radio Limited have been questioned. "Both voted for a greater sum than originally declared by the joint administrators. Those increased sums are wholly justified by the administrators on the advice of Counsel. "However, no issue has been raised in respect of the debts of Holroyd Construction and APT Skidata who voted against the proposal, whose proofs of debt were approved in the same manner." _______________________________________________ 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
