Pretty Shambolic
|
New Twist For LeedsTwo rival parties have stepped up their bids to take control of Leeds United as chairman Ken Bates' buy-back deal hangs in the balance.
Bates' plans to regain power at Elland Road after placing the club in administration in early May have been legally challenged by the Inland Revenue, who are owed £7.7million by Leeds.
A High Court hearing in Leeds today was expected to lay out a timetable for the Revenue's appeal, prompting separate consortia Redbus Group and local property developer Simon Morris to reiterate their interest.
Bates has insisted throughout the process that a legal challenge to his buy-back deal would force the club into liquidation because he would stop paying the running costs.
But Redbus chief executive Simon Franks said: "I don't think there's a chance of Leeds going into liquidation and ceasing to exist.
"We are ready to step in immediately to cover the short-term costs."
|
lil eva
|
Hubby saw a piece in his paper yesterday.This Redbus bloke seems ok,just hope he aint blowing hot air 
|
Pretty Shambolic
|
| lufc4eva wrote: | | Hubby saw a piece in his paper yesterday.This Redbus bloke seems ok,just hope he aint blowing hot air |
His past dealings have all been good work, so i have full faith in him.
|
lil eva
|
He will have to paint his chuffing bus though  
|
Pretty Shambolic
|
| lufc4eva wrote: | | He will have to paint his chuffing bus though |
lol... good one. Never thought of that
|
|
|
