Leeds to discover League One fate Bates believes the club is now in a good position Leeds will meet the Football League on Thursday to clarify whether the club will be able to take their place in League One next season. The debt-ridden club is again under the control of chairman Ken Bates after administrators KPMG resold Leeds to him on Wednesday.
But the circumstances of the sale have prompted warnings that Leeds may not be able to compete in League One. However Bates foresees no problems with the club playing in the division. Bates' consortium won the race to buy back Leeds after KMPG said the deal provided the club with the "best chance of survival". The Football League had warned the transfer of Leeds Football League share - effectvely their permission to play - would not be considered unless there was a Creditors Voluntart Agreement in place. The CVA dictates that Leeds repay their creditors out of any profits they make. More than 10,000 fans have already bought season tickets for the coming campaign. It is not known how much of the club's £35m debt will be paid off but Bates is optimistic about Leeds' future. "We will continue what we have been doing, which is clearing up the mess that other people left behind," he said. "We are nearly out of that now, both on the field and off the field. "We are ready to go, we asked the Football League to give us our share back then we can start buying and selling players." _______________________________________________ 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
