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Thursday, July 12, 2007

Football League Meeting

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The Football League did meet and issued a statement: but re Leeds United Situation. No reference here to QPR/Blitz Loan [Earlier Press Reports re League/Loan Consideration - QPR Loan

FOOTBALL LEAGUE - League Board Considers Leeds Share Transfer
At its meeting in London today, the Board of The Football League considered the reported sale of Leeds United by its administrators, KPMG.

To date, no documentation regarding the sale has been submitted to The League by the administrators. Notwithstanding this, the Board was asked by the reported purchasers to consider an application to transfer Leeds United's share in The Football League to them.

The Board was unable to consent to this request this morning. Instead it has requested, from the administrators, certain required documentation and assurances regarding the sale of the club. The Board also requires certainty on the current legal proceedings surrounding the administration.

The Board had been expecting the administrators to attend today's meeting, as KPMG originally requested. However, The League was informed late yesterday afternoon that they would not be attending, with no explanation provided.

Additionally, the Board expressed concern at the handling of the whole process by the administrators and the Chairman was instructed to obtain legal advice in that regard.

Clearly any further delays in this process will be frustrating for Leeds supporters. However, like the club's fans, the Board recognises the pressing need for certainty regarding the future of League football in Leeds and has agreed to convene at the earliest opportunity to re-consider the share transfer, once it has been provided with all the relevant information.

Also, for the avoidance of doubt, The League would like to make it clear that there is nothing in its regulations to prevent a club beginning a new playing season whilst in administration. Football League

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