- My Account
- Logout
- Register
- Login
League spell out rules for Bates
Related Articles
02 August 2007
Ken Bates has been told to play by Football League insolvency rules or risk Leeds United not being allowed to kick off the new season.
The man who has bought the Yorkshire club on three occasions will not be allowed to railroad rules which have governed 41 other clubs in administration.
Scroll down for more
Bates has been criticised by Leeds fans
Bates, chairman of Leeds United 2007 and the man who took the club into administration in early May with debts of £35million, must reach an agreement with the club's creditors before the League will sanction their opening fixture at Tranmere Saturday week.
Bates, through the club's administrators KPMG, had been hoping to persuade the League to hand over the socalled golden share - effectively the stamp of membership of the Football League - by persuading them that Leeds' situation constituted an exceptional circumstance.
However, the League rejected that course of action at a four-hour meeting with the administrators and Leeds United 2007 on Tuesday.
Instead, they requested the administrators to revive the Company Voluntary Agreement (CVA) which Bates had dropped after it was challenged by the Inland Revenue over an unpaid £7.7m tax bill.
There was no open threat from the League to former Chelsea chairman Bates to abide by the rules, but it is clear the League's patience is running thin.
Chairman Lord Mawhinney said: "Will Leeds start the season? I haven't got a crystal ball although I'm an optimist, not a pessimist.
"Part of our policy is to do whatever we can that is within the rules to ensure the continuation of our member clubs through administration.
"But my framework on behalf of all 72 clubs is to administer the regulations that all 72 of them have agreed to be bound by.
"That's what we're doing, although we have no control over the administrators, who are answerable to the law of the land.
"We have got to resolve this issue and we've got to resolve it soon because the season starts soon.
The normal way to resolve this is for the CVA to go through. Once it has, there is a legal agreement as to what all the unsecured creditors get.
"If the CVA could be reconstituted then Leeds United, in terms of the old company, could start the season."
Comments
Top stories in Sport
Top stories in Sport
-
Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party
-
News pictures of the day
-
The Glamour Awards - stars turn on the style
-
Horror on the 5.53! Commuter dragged 200 feet after getting hand trapped on train
-
Chelsea have the League’s highest wage bill for eighth year in a row
-
Locked up and banned: The Tube drunk whose vile racist rant was caught on film (video)
-
British housewife facing FIRING SQUAD over Bali drugs smuggling charge was 'neighbour from hell' -
London 2012 Olympics: Raising the bar and the Games haven't even started yet. Price of toasting Team GB is £6 a pint! -
Timebomb ticking in Thames Estuary could put Boris Island plans in jeopardy -
Video: Intruder bursts into Leveson Inquiry to brand Tony Blair a war criminal
The O2
Check out the cool stuff happening under our tent such as the hottest gigs, comedy, sport, films, clubs, bars, restaurants and much more.
A home to be proud of with Halifax
Download the Halifax's brilliant, free new Home Finder app, and take all the pain out of finding your dream home.
Can you imagine a career in teaching?
Be inspired to teach - let real teachers show you how rewarding the job can be.
Playing a game-changing role during the Games
Cisco is providing the solutions for London 2012's complex IT needs.
Win a Silverstone track day with Zantac 75
Feel the burn of a different kind - 20 Silverstone motoring experiences to be won
Celebrate with MARTINI®
This weekend toast one royal with another and make your Jubilee sparkle with a MARTINI Royale.
Reader Offers email A fantastic selection of
offers, giveaways and
promotions.
Family pay tribute to the London man who gave his life to save a five-year-old girl from drowning
Eton schoolboys fly Games flag on Everest
Shrimpy's - review
London Fields forever: street style from the hippest park