To me that response read that they had no influence/control over Leeds gaining membership unless laws have been broken, which is none of their business anyway.
They can only guarantee the golden share if a company comes out of admin via a CVA. Any other way of coming out of admin is deemed by them a 'private sale', and they cannot automatically guarantee the golden share in this instance. However, there are no reasons why LUFC bought via a private sale cannot get the golden share - the only reason we don't have it already is that we didn't come out of admin via the CVA. In other words, we would be getting the golden share. The main question unanswered (if the above is the case) is WHEN! Does anyone know what time their meeting is today? > -----Original Message----- > From: [EMAIL PROTECTED] [mailto:leedslist- > [EMAIL PROTECTED] On Behalf Of John Boocock > Sent: 12 July 2007 13:07 > To: LEEDS LIST > Subject: [LU] FL Response > > Dear Mr Boocock > > Thank you for your further communication. > > It help to clarify The Football League's role in relation to football > clubs. > > The vast majority of football clubs (and all Football League clubs) are > companies incorporated under English Law. The Football League has no > jurisdiction over those companies (or their owners) save where it > relates to the participation in our competitions. > > Put simply, provided the owner operates within the law of the land > he/she is free to operate the business as he/she sees fit. If he/she > operates outside the law of the land then that is a matter for the > legal > authorities of the country in question. The owner is free to use the > assets of that business as he/she sees fit, provided any actions are > legal. > > What The League provides is a national membership organisation and > administers competitions within which the member clubs participate and > it is these Clubs that make up the 'membership' of The League. They > vote in Rules and Regulations which The League then administers. > > We do not "run" the member clubs. That is done by the owners and > directors of those member clubs. For example, we have no legal > jurisdiction to dictate who can or cannot own a business, but The > League > does have the ability to determine whether that company should be able > to participate in our competitions. > > We also have rules and regulation in relation to membership and > participation in our competitions with relevance to directors. In > particular the Fit and Proper Person Test disqualifies people from > operating as directors of a club if they fall into any of the following > categories: > > o Anyone subject to a ban from a Sports Governing Body > relating to the administration of that sport. > o Anyone with an unspent conviction relating to fraud or > dishonesty. > o Anyone that is disqualified from acting as a director of a > UK registered company. > o Anyone currently subject to a Bankruptcy Order. > o Anyone who has been a Director of a club that has been in > administration twice during a five-year period or a > Director > of two different clubs that have each gone into > administration in a five-year period. > > The Fit and Proper Persons Test can only operate within the constraints > of the law of the land and cannot be used to cover any grievance > against > an owner or director of a club. Its relevance is limited to legal > issues. > > Provided League Rules and Regulations are observed that private company > is entitled to be a League member and participate in our competitions. > > When a private company suffers an insolvency event or encounters > financial problems it falls under the remit of the insolvency law that > operates in this country. The League is there to offer advice in > relation to our policies and regulations. We are not there to "bail > clubs out" or take over the running of the clubs. That is a matter for > the owners or, should they be appointed by the court, the > administrators. The League is a not-for-profit organisation that > generates revenue and distributes it to the member clubs. > > When a club is looking to exit administration or administrative > receivership and move into the hands of new owners The League has a > degree of control in terms of assuring the new owners can support the > club going forward (The League does not have the same control when a > private sale takes place as it has no legislative control over a > private > business in this regard). > > There is nothing further that we can add. > > Patricia > > > _______________________________________________ > 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. 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