Here We Go Leeds United: 15 Points Of Raw Pain
ANORAK has an affinity with Leeds United. Mighty Leeds. How did this happen. Agent Wise. Agent Bates:
Leeds have received permission to play in League One this season after being granted their Football League share but must do so with a 15-point deduction.
The club have appealed against the sanction imposed by the Football League and their case will be heard at a special meeting of all league clubs.
Doubts had been raised over Leeds’ future after the club failed to agree a Company Voluntary Arrangement (CVA).
The Football League accepted there were “exceptional circumstances”.
The statement:
“The Football League Board agreed that, notwithstanding the manner in which this administration has been conducted, the club should be permitted to continue in the Football League,” said a statement.
“Consequently, the board has decided to make use of the ‘exceptional circumstances’ provision within the League’s insolvency policy, for the first time, and agreed to transfer the club’s share in The Football League to LeedsUnited 2007 Ltd. Accordingly, the club’s share has now been transferred.
“However, it is acknowledged the club did go into administration and has been unable to comply with the terms of the League’s well-established insolvency policy.
“As a result, the board determined this transfer of membership should be subject to Leeds United having a 15-point deduction applicable from the beginning of the 2007/08 season.
“Leeds subsequently have lodged an appeal against this sanction, which will be heard at a special meeting of all League clubs, to be arranged in due course.”
Bollocks! Glory Days remembered. Indulge me this. They once were giants:
Posted: 3rd, August 2007 | In: Reviews Comment | TrackBack | Permalink
