>From: John Holdsworth <[EMAIL PROTECTED]> > >Are we being punished for not having a CVA? If so, surely this is the >responsibility of KPMG rather than the club.
Absolutely. But the club had to be purchased by somebody at that point (second round of bidding) and each intersted party new about the FL's CVA rule, hence the conditional and unconditional offers. Bates made an unconditional offer and made it look like he was the only one willing to take the risk of not getting the GS. THE question is "Was there really ever any risk of the GS not being transferred?" I wonder... if the other bidders had known the GS would be transferred in exhange for a 15 point penalty would this have changed what they were willing to bid and their offer being being unconditional instead of conditional? Of course it would have. Why weren't KPMG making this '15 point deal' with the league prior to the second bidding process? They were supposed to be the ones getting the best possible deal for LUFC's long term future. They didn't do this. I am relieved regarding the GS & whilst dissapointed I can fully understand the 15 point penalty from the FL's view. They have to make it clear to other clubs that there will be severe punishement if a club wants out of admin without a CVA. 3 or even 6 points would not have been enough to stop some sort of backlash from other clubs that would have been unhappy with us getting the GS without a CVA. Regardless of the outcome of the appeal, I just hope wise can steady the ship this season. It won't be easy as the penalty will be a severe blow to all the players. Hopefully Bates won't be around much longer than the 12 months he has to be. Rich _________________________________________________________________ FREE pop-up blocking with the new MSN Toolbar - get it now! http://toolbar.msn.click-url.com/go/onm00200415ave/direct/01/ _______________________________________________ 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
