MATTHEW GAYNOR wrote: > I'm assuming the consortium at Luton have a CVA agreed / or about to be - > which is the rule we didn't comply with. In which case no 15 point deduction.
Luton may have a CVA agreed with their creditors but whether it meets the FL's rules is another thing. Talking to Luton fans involved in the situation they tell me that Luton, like Leeds had, owes a big debt to the taxman and that if the Footballing creditors are paid more of a percentage (ie the usual 100%) than other creditors then the club is in the same position as Leeds. Any incoming buyer for the club who pays all creditors equally but not 100% will have broken FL rules and they will be penalised heavily just like Bates was. I'll keep in touch with the Luton guys as this has a great deal of bearing on our own case................ Betty _______________________________________________ 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 DELETE THE FOOTERS WHEN REPLYING YOU LAZY SODS!!!! DELETE THE FOOTERS WHEN REPLYING YOU LAZY SODS!!!!
