Bout time Phil Hay got stuck in.

He should have got stuck in a while ago but Ive got to agree with him this time

Agreed, good article (for a change)

Particularly:

"Certain legal sources believe that suggestion is not so far from the truth. The talk in the past few weeks has been about disagreements over an indemnity clause – the protection given to a buyer in the event that liabilities appear after a sale is complete – and arguments over cash paid to the club by the Middle Eastern consortium during the summer. One contact on the seller’s side claimed scheduled payments owed to Leeds had been missed. Another connected to the buyers said they were unwilling to release any more money until final agreement on the transfer of Bates 72.85 per cent stake was reached. And so it continues with no official confirmation either way."

One of the Trust board members hinted at this on WACCOE the other day. Not common knowledge before, I don't think?

Trust the old lizard to try and pull a fast one at the death. If it really is about the indemnity clause, it's probable that there a few skeletons rattling around in the ER cupboards just waiting to pop out as soon as the ink is dry.

And a few home truths by TSS:

http://www.thescratchingshed.com/2012/08/wall-of-noise-telling-bates-to-sign/

It boils down to Takeover or admin. Simple as that.

So let me get this right

They are claiming that the club has been run over the summer by people that don't even own the club and they have given Leeds money for free before they even owned the club?

LUST did mention something about down payments last week - and both TSS and Phil Hay seem to be backing that up in their articles.

Have they set a time frame on how long it would be till we go into Admin if bates does not sell?

How long would it take?