Or perhaps the main issue is If the club was bought via a CVA then football is guaranteed to be repaid 100%, therefore the golden share is automatic.
If the club was bought privately then the money paid over to KPMG is split equally amongst the creditors, then it is up to the new owners to separately pay (the remainder of) the football debts? And until the football league are assured this will happen they will withhold the golden share. If so, does this mean the new owners have to settle all football debts up front, or can they agree to the old repayment schedules, and is it the latter that needs to be approved at the FL meeting? By old schedules I mean that when clubs buy a player it is normally £x up front and £y after a certain period. ? _______________________________________________ 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
