If his version of events aren't accurate then Im sure you can put us all
straight.

Oh I remember, he never intended to pay the debt, LUFC weren't really
strapped for cash, he knew HMRC would issue a winding up order so he
therefore had the excuse to go into admin.  He then made sure he got a
sympathetic/corrupt administrator who agreed his was the best offer for the
club following the other bids.

Did HMRC issue a winding up order or not?

It is a pity they didn't ask for your sage advice before doing so as you
would have let them know the master plan and they wouldn't have issued the
winding up order.

One further question, on a scale of 1 to 10, how pissed off are you that
Bates gets credit for 'saving' Leeds but he didn't use (in your opinion) a
single penny of his own money? 



-----Original Message-----
From: [EMAIL PROTECTED]
[mailto:[EMAIL PROTECTED] On Behalf Of vanillafudge LUFC
Sent: 07 June 2007 11:52
To: leedslist
Subject: [LU] Bates always intended to pay it all back

----- Original Message ----- 
>....Bates always intended to pay it all back, .......

If Bates had been forced into administration by the unreasonable people at 
HMRC and then the new owners of the club had become whoever offered the best

deal to the creditors then there may be some credibility in your position.

If Bates' version of events is accurate (which of course it is) then he is 
an incredibly lucky man who must be fantastically grateful to the HMRC for 
making all this possible for him.
It appears that full credit is due to HMRC for the situation where the 
previous owners of the club are the same as the new owners of the club and 
they have luckily got rid of nearly all their debt. All this at no cost to 
themselves. What you say - how is it at no cost to themselves ? Well think 
about it. The money they have supposedly lost was money that they had 
already spent. It was spent anyway. The other creditors have lost their 
money but the new owners of the club still have the club that they paid 
their money for. Nothing has been lost by them because what they bought and 
paid for is still in their hands. All of it. How lucky is that ? How 
churlish to attack HMRC who are the very people who made it all possible.

It is just another way of getting other people to pay for things for you. 
The unpaid creditors have been paying the running costs of the club.

Some people will believe anything.
Wanna buy a bridge ? 


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