Friday, June 15, 2007

The soap opera continues

The soap opera that is Leeds United continues. I don't normally believe in politicians intervening in sporting matters and I would not normally be supportive of a Lib Dem MP who was critical of my own team. However, you can see here what I think of our insolvency laws and the current goings on at Elland Road.

Now Lib Dem MP Phil Willis has laid down an early day motion in the House of Commons which according to yesterdays Guardian "urges law-enforcement agencies to mount inquiries, calls for greater transparency in the ownership of football clubs and urges HM Revenue and Customs to challenge in court the conduct of the administrators of Leeds United."

Meanwhile according to the Guardian sportsblog "aggrieved creditors have 28 days to challenge a company voluntary arrangement which settles an administration, and several creditors of Leeds United are understood to be taking legal advice about whether to do so. Several avenues are being investigated, one of which is to contest the FA and League's football creditors policy, which requires all money owed to those in the game, including players and other clubs, to be paid in full, while at Leeds the other creditors, which include schools, hospitals, the police, ambulance service and St John Ambulance, are to be paid just 1p in the pound."

Leeds also escaped a potential 10 point deduction by going into administration before the final game of the season when it had become clear that they were almost certainly relegated in any case. The Football League has closed that particular loophole. From next season any club that goes into administration after the fourth Thursday in March will have their 10 point deduction suspended. If they are subsequently relegated then the points will be deducted from the start of next season. If they stay up then the 10 points will be taken off their final total for the current season as a consequence of which they may then be relegated.

1 comment:

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