Stevosevic Posted 26 July 2007 Posted 26 July 2007 Surely they could get players to play for free until they can sign players, then pay the relavant wages?
Simi Posted 26 July 2007 Posted 26 July 2007 What happened to all the rent boys from Leeds giving it the biggun about them staying up ahead of us?
The People's Hero Posted 26 July 2007 Posted 26 July 2007 What happened to all the rent boys from Leeds giving it the biggun about them staying up ahead of us? They all support MK Dons now. They're petitioning for them to move to Leeds, apparently.
Simi Posted 26 July 2007 Posted 26 July 2007 They all support MK Dons now. They're petitioning for them to move to Leeds, apparently. Is RedOnRed really LS11 OES.
Unit Posted 26 July 2007 Posted 26 July 2007 I'd love leeds to have to play the first few games of the season without a keeper. even if they were scoring goals, chances are they'd lose most games by a fair few goals. 9-1, 6-1. 8-0 etc etc
Daggers Posted 26 July 2007 Author Posted 26 July 2007 Fans of beleaguered Leeds United have been protesting at Elland Road on Saturday about the League One club's troubled status. Flowers, scarves and shirts were placed around the statue of Leeds legend, former captain Billy Bremner. The side's players have not been paid for six weeks and the club still needs their golden share to play in League One next season. The team are in the Czech Republic for a pre-season match at the weekend. Someone explain to me how they can afford to go dicking off around Germany and the Czech Republic and yet not pay any wages?
The People's Hero Posted 26 July 2007 Posted 26 July 2007 Someone explain to me how they can afford to go dicking off around Germany and the Czech Republic and yet not pay any wages? Indeed. Surely the players would rather just get paid. I like how they have players out there 'playing for a contract' too. What is the point playing for a contract? Here's a contract fella... erm, this bit where it says about us paying you. Well, we erm, well, we won't. Want to sign?
MC Prussian Posted 26 July 2007 Posted 26 July 2007 I'd love leeds to have to play the first few games of the season without a keeper. even if they were scoring goals, chances are they'd lose most games by a fair few goals. 9-1, 6-1. 8-0 etc etc Or they just simply put Tore Andre Flo between the posts. :mrgreen:
Jay Posted 28 July 2007 Posted 28 July 2007 Surely they could get players to play for free until they can sign players, then pay the relavant wages? what you mean like when Leicester wanted to sign Jeff Whitley (think it was him) and he was prepared to play for free yet the league wouldn't let him! so don't think thats an option
breadandcheese Posted 28 July 2007 Posted 28 July 2007 what you mean like when Leicester wanted to sign Jeff Whitley (think it was him) and he was prepared to play for free yet the league wouldn't let him!so don't think thats an option Or more accurately like Nicky Summerbee and Billy McKinlay who did play for free.
Jay Posted 28 July 2007 Posted 28 July 2007 Or more accurately like Nicky Summerbee and Billy McKinlay who did play for free. or even less accurately as we were not in administration when they signed for us and they did sign a paying contract after a short trial period not in the league of Muzzy, Walker and Elliott but they did receive wages!! we had come out of administration but the football league refused to lift our transfer embargo to allow Whitley to sign even though he wanted no wages or bonuses.
davieG Posted 29 July 2007 Posted 29 July 2007 And we were called cheats. Leeds United: the unanswered questions With Leeds fans and players still in limbo, David Conn and Matt Scott pose 20 questions about the troubled club. July 27, 2007 12:43 AM The Guardian The Football League said yesterday it has received further details from the administrator, KPMG, about the sale of Leeds United to a new company, Leeds United 2007 Ltd, owned by the Cayman Islands-registered Forward Sports Fund and chaired by Ken Bates. The League has so far refused to sign over its "golden share" of membership to this new company, which was not bought via a Company Voluntary Arrangement (CVA) agreement of creditors. In all, 41 other Football League clubs have collapsed into insolvency since the Premier League was formed in 1992, and in every previous case, the League has insisted on a CVA being agreed as a condition of transferring its golden share to the new owners. Ken Bates is now asking the League to treat his company as an exception. Leeds United is at an impasse, with KPMG having sold the assets to the new company, but the League insisting that the players' registrations are still held by the old company until the golden share is transferred to a new owner. As doubts still hang over the club's future, David Conn and Matt Scott pose 20 significant questions about the ownership and running of Leeds, KPMG's handling of the administration, and what happens now. 1 Why did Leeds collapse into insolvency and administration in the first place, with debts of £35.5m, given that Ken Bates, and his solicitor and fellow Leeds United director Mark Taylor, had said during 2006-07 that the club would be in a dramatically better financial position once the season was over and the contracts of high-earning players would come to an end? 2 How did Leeds come to owe £17.7m to three offshore companies, Astor Investment Holdings (registered in the British Virgin Islands), Krato Trust (Nevis Island, the West Indies), and the owner of the club, Forward Sports Fund (the Cayman Islands), and how did the club spend that money? 3 Why was KPMG in such a hurry to sell Leeds United immediately back to the new company, which is also owned by the Forward Sports Fund and chaired by Bates, for 1p in the pound, when the administrators of other clubs have spent months running clubs and publicly seeking the best possible deal for creditors? 4 Who are the owners or beneficiaries of the Forward Sports Fund, Astor Investment Holdings and Krato Trust, and why have they chosen to register their companies in offshore tax havens where they are not legally required to declare their identity? 5 If Leeds United's owners are the anonymous people behind the Forward Sports Fund, how can the Football League be satisfied they pass its "fit and proper person test"? 6 Why have Astor and Krato agreed to waive any repayment of their huge debts so long as the club was re-sold to Forward and Bates, arguing, according to Taylor, that they had faith in the management of the club? 7 Leeds United's 2006 accounts stated that Astor did have "an interest" in the Forward Sports Fund, then at the creditors meeting on June 1, Taylor stated that the interest had been severed last December. How was this done, why, and what evidence was given of it to KPMG? 8 Why was the previous connection between Astor and Forward not mentioned in KPMG's first report to creditors, nor any explanation given of how the connection had been severed? 9 The 2006 accounts also stated that Patrick Murrin, the former Guernsey accountant, Chelsea director and representative of the large, anonymous offshore shareholding in Chelsea during Bates' time in charge, had "an interest" in the Forward Sports Fund. What is Murrin's interest in Forward? 10 The 2006 accounts stated that a company of which Murrin is a shareholder, Rivoli Limited, also registered in Nevis Island, had been paid £186,000 in "consultancy costs" during the year. What consultancy services did Murrin, and Rivoli Ltd, provide to Leeds United Football Club during 2005-06? 11 Why did KPMG allow Forward's and Bates' new company to receive the money for Leeds United season tickets - the company agreeing to refund the money if the club went bust - even though the company has not, still, been granted Football League membership, in apparent contravention of FA rules? 12 How has the money, around £4m, received from the 10,000 season tickets which the club say they have sold to their long-suffering fans, been used? 13 KPMG says it did "extensive work" to verify the claims of money owed to Leeds United creditors, while HM Revenue and Customs challenged the CVA, which narrowly approved the first sale, on the grounds of "material irregularities", arguing partly with the levels of debt claimed. So how much investigation did KPMG carry out into the club's debts? 14 Why did the club owe their own company Yorkshire Radio, of which Bates and Taylor are also directors, £480,000, and why was this debt first revealed only in the final voting at the creditors meeting, not in the initial statement of debts issued by KPMG? 15 When KPMG responded to HMRC's legal challenge to the CVA by announcing it was selling the club again, this time without going through a CVA, why did it give bidders less than three working days to make their offers, and no access to detailed financial information? 16 On what basis did Bates and Forward win the bid for the club the second time, and how did their offer beat those of other bidders, and why did KPMG agree to sell the club without being satisfied that the League would grant this company the "golden share" membership of the League? 17 Why has Forward's and Bates' new company not paid the players for the month of June? 18 What did KPMG actually sell to Forward's and Bates' new company if, as the League insists, players' registrations remain with the old company until any new company is awarded the "golden share"? 19 Why have Bates and Taylor apparently not yet obtained the permission of a court to act as directors of the new Leeds United Football Club Ltd, as required by s216 of the Insolvency Act, because both were directors of a company with the same name, which went into liquidation last year? 20 Why should the Football League make an exception for Leeds and grant Forward's and Bates' new company its "golden share" of membership despite the purchase not having been done via a CVA, given that the League has insisted on the CVA process for all 41 of its other clubs which have fallen into insolvency since 1992?
Simi Posted 29 July 2007 Posted 29 July 2007 <questions> There's certainly a lot gone/going of that isn't clear to the public I think. In time, hopefully it will come to the surface.
Daggers Posted 29 July 2007 Author Posted 29 July 2007 In time, hopefully it will come to the surface. Here's betting it won't - this is Ken Bates we are talking about and he is an evil ****. Poor Leeds. :laugh:
Toby or not Toby Posted 29 July 2007 Posted 29 July 2007 Or more accurately like Nicky Summerbee and Billy McKinlay who did play for free. Wasn't it Richard Edghill who refused to play for free for us?
mancunianfox Posted 30 July 2007 Posted 30 July 2007 If the league hand over the golden share to Bates after KPMG have brokered this shady deal it will only go to re-inforce my ever stronger view that footballs governing bodies are well and truely f**ked.
surrifox Posted 30 July 2007 Posted 30 July 2007 Q2 is intriguing . I'm in a bind over this leeds business- as a club they deserve all the crap that's being heaped on them and the longer that bates and wise hang around that will certainly be the case. On the other hand I would like to see $hitead wise out of football for good
Flynny Posted 30 July 2007 Posted 30 July 2007 This is way beyond "haha look at Leeds!". The club could genuinely implode at the minute, and I doubt anyone really wants that.
Manwell Pablo Posted 30 July 2007 Posted 30 July 2007 I was about to say, you've got ot feel sorry for them now, as I've said before they aren't even our rivals yes they aren't a paticularly popular football club but this is crazy. I can't believe Bates is doing this. He is actually going to kill them unless he gets them out of admin soon. Have Leeds actually been given the all clear to play in the league yet??
Manwell Pablo Posted 30 July 2007 Posted 30 July 2007 Current Leeds United Squad 4 MF Jonathan Douglas (captain) 7 MF Ian Westlake 11 MF Eddie Lewis 15 DF Frazer Richardson 16 MF Gylfi Einarsson 17 MF Sébastien Carole 21 MF Shaun Derry (vice-captain) 25 FW Richard Cresswell 32 FW Jermaine Beckford 27 FW Trésor Kandol 30 DF Ben Parker 33 MF Jonathan Howson 34 MF Robert Bayly 36 GK Jonathan Lund 37 FW Tom Elliott 39 DF Fabian Delph 16 players that enough to put togther a match day squad 11 players and 5 subs if there are are no injuries or suspensions, 6 Teenagers, including only goalkeeper at club 18 year old Jonathan Lund. and Two 16 year olds Tom Elliot and Fabian Delph.
surrifox Posted 30 July 2007 Posted 30 July 2007 the likes of bates will continue to wave 2 fingers at everyone including government bodies like the DTI and Inland Revenue in pursuit of personal gain ( lets face it his actions indicate that he despises leeds and their fans so if the club implodes he is unlikely to be bothered other than by the financial loss he sustains. Don't forget one of the biggest creditors is for unpaid tax and VAT which is a subsidy provided by Joe public to the parasitic tossers owning and managing the club. Leeds will re-emerge in some manifestation without the present set up so long as the football league keep their nerve and withhold the right to participate in their competitions whilst the present financial mess is unresolved . Who knows it might discourage other blaggers from becoming involved in football
Blue Bob Posted 30 July 2007 Posted 30 July 2007 I am a bit split on this one. I wouldnt wish this on any football club or on their decent fans. The conflict then starts that many of their fans arnt decent, Ken Bates is a nasty piece of work and as for Dennis Wise - well we all know that one. I see that they are down to 16 players, but who in their right mind would want to sign for them this season??
Manwell Pablo Posted 30 July 2007 Posted 30 July 2007 I am a bit split on this one. I wouldnt wish this on any football club or on their decent fans. The conflict then starts that many of their fans arnt decent, Ken Bates is a nasty piece of work and as for Dennis Wise - well we all know that one.I see that they are down to 16 players, but who in their right mind would want to sign for them this season?? I should probabley say that list exculdes some of the youth team players.
Stevosevic Posted 30 July 2007 Posted 30 July 2007 I've read back a few pages but can someone please sum up the position and the consequences that could occur? I don't fully understand the golden share issue? Pretty poor knowledge for someone hoping to study Business at Loughborough next year.
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