Quote:
Originally Posted by Julian
In order to come out of administration they must settle all football related debts afaik. So it isn't a complete get of jail free card.  |
Bates has formed a different company though Julian, so maybe settling all debts might not be the case.
Had it been the same company, then I am sure that all creditors get together for a meeting with the administrators, then are offered say 30p in the pound, if all agree then the "old" Leeds United continue in business.
I stand to be corrected though.
