FINALLY I think I get it! Obviously this is all purely conjecture but it 
certainly makes a load of sense to me at last. Just for the sake of 
argument, assuming Rick's purely hypothetical scenario was played out, what 
are the ways for the club to survive? Seems like it would be between a rock 
and a hard place in this scenarion. The club starts the season in 
administration? Players could then be free agents? Players bugger off and 
we're represented by the under 11's or do we then by a whole bunch of dross 
that nobody else wanted (ie we get Ricketts and Brolin back)

Would there be a possible face saving concession that Bates could make 
(assuming this scenario is correct) that would ensure Leeds get their FL 
shares?

Jeremy


>From: "RickD" <[EMAIL PROTECTED]>
>Reply-To: RickD <[EMAIL PROTECTED]>
>To: "leedslist" <[email protected]>
>Subject: Re: [LU] As NOT predicted
>Date: Mon, 23 Jul 2007 17:43:26 +0100
>
>----- Original Message -----
> >>>That is why the exceptional  circumstances clause had to be stopped at
> >>>all > costs and I strongly suspect  that it was stopped (at all costs)>
>
> > But surely Bates now needs the exceptional circumstances clause in order
> > to
> > get the golden share? Is there any other way out without a CVA?
>
>Yes exactly. He faced total loss or living to fight another day no matter
>what problems it may cause.

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