post of the day so far

> Date: Fri, 10 Aug 2007 09:50:50 +0100> From: [EMAIL PROTECTED]> To: 
> [email protected]> Subject: [LU] Nails of iron> > Leeds United's 
> directors knew what was coming as soon as they chose to > go into 
> administration last season. The taxman has made no bones about > its view of 
> the football creditors rules> > It was inevitable that they would fight tooth 
> and nail in the case of > any club not ensuring parity of payment to ALL its 
> creditors in a CVA > situation. The Football League's rules on CVAs are 
> unworkable and this > is perhaps what was in Bates and his advisors' minds 
> when they took the > CVA route.> > Add to this the bizarre issue of Bates' 
> off shore funding arrangements > with their inherent lack of transparency and 
> no wonder we have reached > the farcical situation we have.> > There is only 
> one loser in this situation and it is football. By > football I mean the 
> ethos of the game, its supporters and its place in > our daily lives. There 
> may be those who say that it is situations like > this that make the game 
> interesting, nay exciting even. I say No!> > The game needs transparency and 
> disclosure from those who control it and > it needs an independent form of 
> regulation which is seen to be effective > and as such must have the teeth to 
> deal with things like the ridiculous > goings on at Elland Road this Summer.> 
> > Age normally brings sagacity, wisdom and experience, in the case of Ken > 
> Bates it has brought about frustration at his open display of misplaced > 
> arrogance and it has shown that it really is time for him to go.> > His peers 
> have sat in judgement on his actions and clear confirmatiopn > of the 15 
> point penalty tells us two things. Football chairman appear > to hold 
> grudges, often demonstrate gross self interest and they don't > give a toss 
> about football supporters, especially if those supporters > are Leeds United 
> supporters.> > The events at Elland Road are by no means the death of 
> football but they > are one more nail in the battered coffin of the beautiful 
> game.> > Betty> > _______________________________________________> the Leeds 
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