i think the club still needs to arrange a CVA in order to move forward with the football share. this CVA no longer has to be approved by the creditors but has to have the approval of the FL.
rich ps. i could very well be completely wrong in everything i just typed. including this bit. >From: "Mark Humphries" <[EMAIL PROTECTED]> > >Just read the KPMG statement on the LUFC website, it says that the FL only >automatically grant the golden shower to clubs who go through a completed >CVA, except in exceptional circumstances. As our CVA had to be scrapped >because of the HMRC challenge (and the timings) they were never going to >automatically grant the golden shower. > >So, now we have been sold to new owners but we didn't do it via CVA then we >have to wait and see if the FL will shower us. > >The FL have known we would be bought outside the CVA since last Thursday, >how can they not have already met and decided what they are going to do? > >If they don't grant it we are no longer in the football league, so our fate >lies in their grubby pie-encrusted hands.. _________________________________________________________________ Don't just search. Find. Check out the new MSN Search! http://search.msn.com/ _______________________________________________ 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
