Pete Cass wrote: > > So if that correct, Leeds 2007 doesnt really exist or matter
Well, apart from it owning the right to the ER and TA lease, the staffs and players contracts, the desks, the telephones, the envelopes, the turnstyles etc. > > Its all back to the original CVA then. If thats the case the > FL should give > the GS back immediately. Why? > A. The CVA was accepted by over 75% of the creditors > B. Even if the HMRC challenge the issue, the time is set for > a later date, > Leeds must still be able to FULLY function up intil a LEGAL > determination > has been achieved. Except the administrators previously claimed that they were unable to fund the club during administration and FSF/Bates refused to fund the club until the court case as they had no guarantee of winning and thus owning the club after the court case. > > Up to this point in time, Leeds (old Leeds/Bates) have done > nothing illegal. That's not an issue, old Leeds own the golden share and the players registrations - new Leeds own everything else. If old Leeds use ER will they have to pay new Leeds rent? Who and how will they pay the wages? Who are the directors of old Leeds? Has old Leeds any employees? > At that point in time, someone will determine whether HRMC > challenge is > valid. I struggle to see how this will occur as the 75% figure keeps > cropping up If it IS valid and the CVA is crushed who pays the bills for running the club until the hearing? What if the club folds after the hearing who pays back whoever paid the bills for old Leeds? For instance, who pays the police for the Southend game and what guarantee has the payer that he will get his money back? Paul _______________________________________________ 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
