The CVA (company voluntary arrangement) meeting that may save or seal the fate of the club has recommenced at Elland Road this morning (10AM.)
Due to the close nature of the CVA vote held on Friday afternoon, club creditors KPMG wished to re-count creditors votes to determine whether the majority wish to accept Ken Bates’ offer of 1p in the £1, or potentially to look at Saturday’s bid of 40p in the £1 from Simon Morris.
It is likely however that Ken Bates will be in charge of the club this week, how long he keeps control before cashing in is anyone’s guess.
More as we get it.
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