It is being reported today that HM Revenue & Customs have opted not continue their appeal against Leeds United.
In a move that will delight Leeds United supporters, and Ken Bates, there is no longer a continuing legal threat to challenge the sale of the club to Mr Bates.
Leeds were placed into administration just before the end of the season with debts of £35 million. The agreement reached with KPMG is that Leeds United creditors will receieve 11p in the £1, with more upon the club returning to top flight football within the next decade.
The end of the saga?
Join Vital Leeds United!
It’s very easy to sign up with Vital Leeds United, simply click the link and enjoy getting involved.
The Message Board: .After you’ve registered, you will be able to interact with other Leeds United supporters via our forums. To visit the Vital Leeds message board, click here.
Have your say: This website is your website and we are looking for people to help contribute to the site. Do you go to most of the games and want to share your opinions. Why not write a match report?
Do you believe you can make a better half-time pie than the clubs catering contractors? Well write in with a recipe!
We’re looking for contributors to add almost anything and everything linked with the club to Vital Leeds United. To get in touch with us, please feel free to fire an e-mail to firstname.lastname@example.org.