----- Original Message ----- From: "Paul Cundell" <[EMAIL PROTECTED]> To: <[email protected]> Sent: Thursday, July 19, 2007 9:17 AM Subject: Re: [LU] Am I Evil Personified?
> Pete Cass asked: >> Explain what Bates has done Illegally? > > Pete, I can't possibly say that he has done anything illegally - he may > well > have done nothing illegal. > He, and his friends, have threatened to liquidate my club - but that isn't > actually illegal. > >> >> From my remote outpost, he has >> >> Entered Administration > > Correct, some question whether he actually had to or whether he engineered > a > position in which he could - if it's the latter I hate him for that too. > >> Won a CVA agreement with over 75% creditors accepting it > > With an extremely small offer that both HMRC and the FL voted against and > where the majority of the voters were his acquaintances - in fact, up > until > xmas Astor owned FSF who owned LUFC - but they don't anymore - Bates and > Taylor say so. > >> Placed the club in the hands of the Administrators again, after folks >> couldnt accept he won the CVA > > HMRC challenged the CVA for what they consider to be irregularities, it > may > be that they consider the granting of a debenture to Astor prior to their > winding up petition as a tad convenient and wish to question it's > legality. > They may also wish to question the transferring of debt from Krato and FSF > to Astor prior to Administration too. > >> Placed a closed bid in an auction of the club > > His was a closed bid but as his friends Astor were the biggest creditors > were the other bids so equally closed? > >> Presumably won the auction with the highest bid > > That is a big presumption and from what I can gather this was not as clean > a > deal as it would be if I was buying a car off you, for example. The > administrators have said this week that the Bates' deal offered the best > chance of creating the exceptional circumstance that the FL required to > grant the golden share without a club coming out of administration via a > CVA. > >> >> Taxman and FL may be well pissed-off with the way he has done >> it, but there >> is ABSOLUTELY NO REASON AT ALL for the FL to be STILL >> WITHHOLDING the golden >> share > > Yes there is, the FL have never issued the Golden Share to a club exiting > administration via any other method than a CVA. > 45 clubs have entered administration since 1992 and every exit has been > via > an approved CVA. > A club in administration can play football and buy and sell players for up > to 18 months. > A club out of administration with a CVA gets it's golden share back. > A club out of administration but without a CVA is not legislated for, it > may > even not be recognised - but that's just my opinion. > It's not me who makes the rules, by the way - and this is just how I > interpret them. > Cheers > Paul As you say Paul - he has done nothing illegal, so why are they preventing us building a squad (and I kinda think we might need more than 20 in a LU Squad) - or do you still think KPMG havent submitted all the paperwork they need to??? What has happened is bates has fupped them over, and their little self-important rules havent a precedent on how to deal with this, so they are doing what most beaurocracy's do - nothing!!! Last question - Why arent I reading about EVERY MP in Yorkshire writing to the FL to pressure LUFC getting the "Golden Share:" back?? Has the sun waned on their 15 mins of fame _______________________________________________ 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
