On Thu, August 2, 2007 12:34 pm, thecasses wrote: > So I seriously doubt anyone would realistically think its the FL bending > over backwards to help Leeds (althi Im tipping I may get a response for > the anti-Bates crowd later onthis evening)
The FL's rules (of which Bates hould have been aware - if he wasn't it was grossly incompetent) clearly state that a club can't transfer the golden share except through completion of a CVA*. Exceptional circumstances are not defined but we are told the FL do not consider that the circumstances are exceptional (and even as Leeds fan I can't see what's exceptional about them) so the FL can only let us transfer the golden share by breakingn their own rules. If they do that then they will face possible legal action from any club that has previously, or will subsequently, be in administration and obliged to complete a CVA. So the FL need to place appropriate contraints and conditions on this transfer to safeguard them against future legal action. That's why I think the FL are trying to help us. They could quite easily just turn around and say that as the club sale was done outside their rules we can't play in their competition, but they're trying to create a scenario that gets round that. *They allow 18months to do this if the administrator can provide funding for this period. Redbus said they would fund this time, Bates told us that it would mean the club would have to be wound up. - Sean _______________________________________________ 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
