Again - an Anti Bates post just filled with unbelivable slander and bullsh***. A LOT of negative points about the Chelsea fellas, but all without any real foundation - just makebelieve stuff put forward to make Bates look bad.
Yes - when clubs go into administration there are usually a lot of small buisness negatively affected. Usually they actually get nothing - not even 1-40p on the pound. But nobody have proven that this is any of Bates fault. Leeds were insolvent and should probably have gone into admin a long time ago. Again - people are blaming Bates for something bad, when there is a greater possibility that Bates kept old Leeds longer alive than any other interested party would have done. Regarding the pasted article, it is not relevant anymore. The CVA was scrapped so the other interested parties got the chance to buy Leeds, but Bates offer still represented the best value for the creditors. The article is dated 8th. of June and a lot of things happened after that. Accusing B and W of getting us willingly relegated is at best funny - at worst stupid. Accusing KPMG of doing rotten business is also a big miss. Having worked with KPMG (and other big accounting firms) I am very sure that KPMG would not risk their integrity by beeing sloppy with a high profile case like Leeds United (or any other case for that matter). KPMG had their backs against the wall the whole time. They had to conclude the admin quickly becuase they did not have any income to fund the running of the football club. They had no choice other than to accept the Bates offer through the CVA since it was certainly LEGAL and because of Astor the only bid that could win a CVA. After the challenge from the Tax man, they took the only available option to them (since they were not in a position to continue running the old club) - puting the club up for general sale. This increased the money available to creditors from the CVA, but Bates still had the best offer and Bates beeing the only one ready to really gamble on getting the golden share. Again - I do not see where KPMG could have done anything differently. And finally - I don't think anyone thinks of Bates as an honest broker smelling of white roses. Einar. _______________________________________________ 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 Join The Leeds United Supporters Trust at www.lufctrust.org
