Maybe I have got it wrong (this is my first toe in the water on this horrendous subject)
But *if* the CVA has been set aside then voting doesn't come into it - nor would it if the club is "sold" to KPMG for 1 pound as was said earlier - the administrators would then sell to the highest bidder, no one, not Bates nor Astor has a vote in it, they just get paid out according to how much the sales represents to the pound and Bates would be an ordinary creditor... If, on the other hand he himself bids for the club and is the highest bidder then......... ???? Or do the creditors have the right to veto a sale if they are not happy with whom it is proposed to be sold to? A very Bewildered Steve G -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Mark Humphries Sent: 04 July 2007 15:17 To: 'John Boocock'; 'LEEDS LIST' Subject: Re: [LU] Rumours Wont we be back at square one though - as the problem the time before was the vote allocation. Unless HMRC tell the bidders that they will accept/vote for any bid > 7% (or whatever). That still wont help Redbus if Astor stick by their line to only vote for Bates as they wont ever be able to get 75% will they? > -----Original Message----- > From: [EMAIL PROTECTED] [mailto:leedslist- > [EMAIL PROTECTED] On Behalf Of John Boocock > Sent: 04 July 2007 14:36 > To: LEEDS LIST > Subject: [LU] Rumours > > There's a rumour going round that KPMG have got the CVA set aside and > that there will be a bidding process, only a rumour mind > you............. > > _______________________________________________ > the Leeds List is an unmoderated mailing list and the list > administrators accept no liability for the personal views and opinions > of contributors. > Leedslist mailing list > [email protected] > http://list.zetnet.co.uk/mailman/listinfo/leedslist > Join The Leeds United Supporters Trust at www.lufctrust.org _______________________________________________ the Leeds List is an unmoderated mailing list and the list administrators accept no liability for the personal views and opinions of contributors. Leedslist mailing list [email protected] http://list.zetnet.co.uk/mailman/listinfo/leedslist Join The Leeds United Supporters Trust at www.lufctrust.org _______________________________________________ the Leeds List is an unmoderated mailing list and the list administrators accept no liability for the personal views and opinions of contributors. Leedslist mailing list [email protected] http://list.zetnet.co.uk/mailman/listinfo/leedslist Join The Leeds United Supporters Trust at www.lufctrust.org
