Wages deferal

lil eva · Wages deferal

Leeds players agree wage deferral

All but four of Leeds United's players have agreed to a request to defer their wages, .
The club's administrators KPMG liaised with the Professional Footballers Association and the Football League before entering a deed of deferral.

Thirty two of the 36-strong squad have agreed in order to help secure the long-term future for the club.

Leeds, who have been relegated to League One, went into administration before the end of the season.

The wages of the players who have agreed to the deferral will be paid after the approval of the CVA at a meeting of the creditors next month.

The administrators will pay those who did not sign the deed of deferral.

Chairman Ken Bates is hoping to buy back the club, who are £35m in debt, on 1 June when their creditors who are owed money are expected to be offered one penny in the pound

Joe1

Don't know how this is so beneficial but obviously there's some reason for it, good on the players who took a temporary hit for the team, I presume they will still be paid in full eventually?

lil eva

I believe that the 4 who want their wages will be paid now and the othrs after June 1st.

Joe1

Thought that was the case, just the follwing quote from the official site confused me:

lil eva

I dunno Joe!Maybe it is that they are waiting for a lump sum off whoever gets the club,then they will pay the players from that.

Joe1

Haha, this seems to me to be more damage than anything else for the club. If the players are piad now, surely they are paid by the administrators. This wage deferral means that whoever buys us will have to pay these wages, taking out a decent amount of money which otherwise could have been used on other things.

Woody

Any idea who the player are who said no??

lil eva

no Steve ,they arn't saying owt at the moment,but it didn't take long for it to become public knowledge before