> -----Original Message----- > From: [EMAIL PROTECTED] [mailto:leedslist- > [EMAIL PROTECTED] On Behalf Of RickD > Sent: 27 July 2007 14:59 > To: leedslist > Subject: Re: [LU] Another ste of idiots? > > ----- Original Message ----- > > It means that the FL felt they were not in a position to allow KPMG > to > > sell the GS in the second sale. Which means the conditional offer > was > > irrelevant. > > KPMG cannot sell the GS. It is not theirs to sell. Only the FL can > grant it > and there are only 2 criteria for them to do so AFAIK. > Conditional offers would only be irrelevant if the GS was NOT going to > be > granted under the exceptional circumstances clause.
My point is Rick that the FL could argue that they couldn't possibly decide whether the sale constituted an exceptional circumstance until such time as the sale happened. In other words the pearson bid wanted their decision before the process had finished. The other bids assumed\hoped it would be granted. > I have some difficulty with the concept that the FL brought up this > clause > but had no intention of using it. > If the FL did not want to use this clause why on earth would they even > mention it in the first place ? > Who might have had the most to lose if the clause had been allowed ? So, reading between your lines, are you suggesting that Bates deliberately forced KPMG into a process that meant the FL couldn't agree to granting the GS? Did Redbus not know this, after all they risked winning the bid only to not have the GS granted? AFAIK the exceptional circumstance is invoked should a club not complete the CVA. Are there extra conditions attached to the exceptional clause? Conditions Bates knew about? I thought half the problem here is that the exceptional clause has never been invoked before, therefore there are no clauses/parameters/precidents. That leads to potential (political) problems down the line for the FL cos if they let LUFC do it, they might have to do the same for other clubs and therefore the CVA requirement is circumvented, and with it the 'fair play' element of that they are relying on the protect their preferential status? > > Think it through. Exceptional circumstances applies, conditional bids > are > now valid. > Who wins ? Who loses ? > If exceptional circumstances applies now, it applied then (unless there > has > been a change that only you know about). That might be the case, it applies then and now, pearson lost because he wasn't willing to be left in the hands of the football league, for them to decide whether his millions spent paying off creditors was for a conference side or not. > > > More to the point, why on earth wouldn't the FL have the power to > grant > > any team membership to their own private members club? > > Of course they have the power. It is in the rules. > There are two ways they can do it. > Which one would you like ? Bear in mind the above re exceptional > circumstances. > Alternatively they will have to go through the correct procedures to > change > the rules. > I don't know what those procedures are but I'm willing to bet that it > isn't > a two minute job. Nor a two month job apparently. > > Either you are unwilling to see other possibilities or you simply don't > get > it. > Either way I'm off this thread. Here we go again, you have an opinion formed as to what is going on, so why not tell us? There may well be other possibilities, aliens may have turned them into Stepford FL Chairmen.. they may have all been flooded out of their Worcestershire mansions.. Bates may have photos of them and sheep.. What do you think is happening Rick, more to the point, why don't you tell us? _______________________________________________ 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
