Wasn't there some medical insurance thing we had to pay for him after he had
left?

> -----Original Message-----
> From: [EMAIL PROTECTED] [mailto:leedslist-
> [EMAIL PROTECTED] On Behalf Of Andy Clayton
> Sent: 04 May 2007 22:43
> To: [EMAIL PROTECTED]
> Cc: [email protected]
> Subject: Re: [LU] LU: Bates about to be on Yorkshire radio to
> explain...
> 
> Wondered that myself, but that's what the man said.
> 
> Perhaps it was more to do with the transfer or payments to his agent?
> 
> On 04/05/07, [EMAIL PROTECTED] <[EMAIL PROTECTED]> wrote:
> >
> > How can we have any debt related to Kewell? He came up through the
> academy,
> > and we sold him several years ago.
> >
> > Cheers!
> >
> > Sean
> >
> >
> >  -----Original Message-----
> >  From: [EMAIL PROTECTED]
> >  To: [email protected]
> >  Sent: Fri, 4 May 2007 8:51 PM
> >  Subject: Re: [LU] LU: Bates about to be on Yorkshire radio to
> explain...
> >
> >
> > Here's the highlights best as I could type them:-
> >
> > 3.15 Leeds placed into Admin.
> > KPMG appointed.
> > 10 points deducted.
> > Relegated & no points deducted next season.
> > Shortly after being placed into admin, sold to LUFC Ltd
> >
> > In Jan 2005 an old revenue debt for PAYE & income tax. Had been
> rolled
> > over from previous board. Other debt related to Kewell & Viduka. Been
> > paying it for past two years.
> >
> > Bad time from gates down etc. asked IRS to renegotiate debt - they
> > refused. Winding up order issued. If that had happened, Leeds would
> > have ceased to exist ala Accrington Stanley.
> >
> > In view of this advice was sought and no choice but admin.
> >
> > Money still needed while in admin, so LUFC Ltd bought assets from old
> > company, so business as usual. Sum paid to KPMG which is confidential
> > unless they choose to reveal it.
> >
> > Creditors meeting in due course, 74% needed for approval - sure of
> them.
> >
> > Business as usual from now on.....memberships, LUTV, programmes. 20
> > year membership etc will all be honoured. No ordinary fan will be
> > disadvantaged.
> >
> > Will set us up, all "idiots" etc that have been in press can take a
> > running jump. Simon Morris hadn't approached KB - lost his chance as
> > have all other would be chancers & agents who haven't "shown us the
> > money". Disappeared like snowballs in the midday sun when asked for
> > proof.
> >
> > Still looking for investors & are in discussion with some serious
> ones
> > to accelerate the future of LUFC.
> >
> > All issues form previous boards now been cleared up, including on
> > playing side. KB jnr slagged off for his opinion of himself
> ...anarchy
> > in dressing room & lack of fitness.
> >
> > Intends to be champions of league 1 next season. Meeting with Dennis,
> > Gus last Tuesday. Know which players may want to leave, which they
> > want to keep and which they want to sign.
> >
> > Said the speculation about his desire to stay should now end.
> > Sarcastic comments about the media and what they can now talk about.
> >
> > If we'd been in a better position points wise, we'd have gone into
> > admin next week.
> >
> > Says he thrives on problems and this is the first day of tomorrow.
> >
> > Thanked the fans.
> >
> > Will be repeated at about 7:30 tonight.
> >
> > On 04/05/07, Andy Clayton <[EMAIL PROTECTED]> wrote:
> > > 5:30 BST.
> > >
> > > http://www.yorkshireradio.net/page/Home/0,,11371,00.html
> > >
> >
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> >
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> 
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