http://www.football-league.premiumtv.co.uk/page/NewsDetail/0,,10794~1072085,00.html


League Board Considers Leeds Share Transfer

At its meeting in London today, the Board of The Football League
considered the reported sale of Leeds United by its administrators, KPMG.

To date, no documentation regarding the sale has been submitted to The
League by the administrators. Notwithstanding this, the Board was asked by
the reported purchasers to consider an application to transfer Leeds
United's share in The Football League to them.

The Board was unable to consent to this request this morning. Instead it
has requested, from the administrators, certain required documentation and
assurances regarding the sale of the club. The Board also requires
certainty on the current legal proceedings surrounding the administration.

The Board had been expecting the administrators to attend today's meeting,
as KPMG originally requested. However, The League was informed late
yesterday afternoon that they would not be attending, with no explanation
provided.

Additionally, the Board expressed concern at the handling of the whole
process by the administrators and the Chairman was instructed to obtain
legal advice in that regard.

Clearly any further delays in this process will be frustrating for Leeds
supporters. However, like the club's fans, the Board recognises the
pressing need for certainty regarding the future of League football in
Leeds and has agreed to convene at the earliest opportunity to re-consider
the share transfer, once it has been provided with all the relevant
information.

Also, for the avoidance of doubt, The League would like to make it clear
that there is nothing in its regulations to prevent a club beginning a new
playing season whilst in administration.



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