If you are going to cut and paste information from elsewhere could you at least do it properly, that way it will read properly instead of starting a new line midway through a sentence

And this peach is defended by fellow Leeds fans?

Wish he'd grow his hair long again and p@#s off
back to the outback. He could make friends with
the crocs. Peas in a pod and all that.

I wouldn't trust this fella with a sandwich. Part 2 coming up which is Chelsea all the way up to abramovitch. Would love to see part 3 where he fooks the Wembley project up and we see the costs double, sound familiar anyone

Bates OUT!

November 1981. Bates resurfaces in London and meets with John Papi who informs him that he can have Chelsea Football Club for £1. Acting on this
advice, Bates buys Chelsea. Though, interestingly, when submitting his ownership of this and at least one other company submits an incorrect date-of-birth.


Without sufficient cash Bates makes a massive mistake and does not buy the second company which owns the stadium and surrounding land. Instead, the
freehold is sold to Marler, a property development company and the club are given notice to leave the stadium in 1989.


The eighties are not great times for either Bates or Chelsea. Fighting for control of the ground and Chelsea's problem with a hooligan element
dominated the eighties. In response to this hooligan problem Bates applies for permission to erect an electric fence which is rejected by the local
council.


1991. Bates and Chelsea are saved as Marler are insolvent. The freehold is now with The Royal Bank of Scotland who grant Bates a 20 year lease with
'Option to Buy'.


1992. Chelsea announce further losses and a widening deficit. They are unable to pay many creditors, including a £1.75 million unsecured loan with The Royal Bank of Scotland. Technically, Chelsea are playing football while
insolvent, an infringement of FA regulations.


Again, acting on advice from John Papi, who notices a mistake in the player's contracts issued by the FA. They are in the name of 'Chelsea Football Club' rather than the 'Chelsea Football and Athletic Club'.
Papi creates 2 new companies – Chelsea Village Ltd and CFAC, Ltd and on 14th August 1992 assets of Chelsea Football and Athletic Club are transferred to the new legal entity – CFAC, Ltd.


Chelsea Football and Athletic Club was then renamed CFAC, Ltd to protect the name 'Chelsea Football Club'. Next all of CFAC's assets were transferred to
Chelsea Village Ltd. Everything was now set for CFAC to be placed in receivership.


Also around this time Papi also transferred Chelsea's players, worth £7 million, from CFAC to Chelsea Village (whose shareholders were anonymous
offshore trusts). This transaction was criticised by Touche Ross as “unlawful”. To complete the process, season ticket sales were not deposited with the old company CFAC.

June 1992. Papi transfers £620,000 to Chelsea Village leaving debts of
£418,000 in CFAC. Maybanks (Chelsea's printers), unaware of these transactions issued a formal winding-up order of CFAC.


May 1993. As Chelsea Village was also the largest creditor of CFAC, John Papi was also appointed as the receiver. He announces that CFAC had “no
option but to cease trading.” Creditors were outraged that the liquidator had favoured Bates and in late 1993, at the request of the creditors, Bates was investigated by the FA.


Bates wins a High Court judgment to cease the investigation. Bates has to guarantee to repay the creditors.


Unsatisfied by the failures of John Hollins, Bobby Campbell, Ian Porterfield and David Webb to transform the fortunes of the club, Bates appointed Glenn
Hoddle as manager in 1993 and a mediocre Premiership club began ascending the table.

1994. John Papi's license is withdrawn and 4 years later he is jailed for cheating the Inland Revenue.


Hoddle's Chelsea reached the FA Cup final in 1994 and further success, funded by Matthew Harding's cash, followed under Ruud Gullit and Gianluca Vialli.


Bates's marriage to wife Theresa collapses after he is discovered to be having an affair with Pam a model.


Chelsea won the FA Cup in 1997 and 2000 and the European Cup Winners' Cup in 1998 and reached the semi-finals the following year.


The sudden sackings of Gullit in 1998 and Vialli, the club's most successful manager, in 2000 showed that despite his advancing years Bates had not lost
his ruthlessness.


The Chelsea chairman, though, was struggling to tame the club's debts, believed to be in the region of £80m. From nowhere came one of the richest men in the world - Roman Abramovich's. His takeover ensured secured the long-term future. Without him, many believe Chelsea may well have been in the same position as Leeds United and indeed Sheffield Wednesday.


Bates received a reported £17m for his original £1 investment.

The Chelsea chairman, though, was struggling to tame the club's debts, believed to be in the region of £80m. From nowhere came one of the richest men in the world - Roman Abramovich's. His takeover ensured secured the long-term future. Without him, many believe Chelsea may well have been in the same position as Leeds United and indeed Sheffield Wednesday.

*DING DING DING DING*

and here you have come across (in my opinion) the crutch of the current Leeds problem.

Despite what we might think Bates aint stupid, and he doesnt have a short memory either. He is not going to risk riches again and plunge his current team into debt.

This time around he is counting every single penny. Which unfortunatly is not what we the fans really want.

It isn't very potted is it!

Matty and Orange, I guess you 2 still think this w4nker is our saviour

I'd like you to point to where I have ever said Bates was our Saviour.

"I hear fans saying that the wage bill isn't big enough or we don't spend much money, but how would they know how big our wage bill is or how much we spend?"

"I'm still here and the reason I'm here is because no Yorkshireman was willing to put his hand in his pocket in 2005 or 2007. If it wasn't for me, there wouldn't be a football club at all. The people complaining are a vociferous minority."

Harvey recently told the commons select committee that our wages are under control and that many clubs would love to be in our position, as we don't have a huge wage bill. Believe whoever you want, because it won't be the first time 2 directors of the club have got different stories. lets hope the select committee ask bates to turn up this time and explain why Harvey told lies ...

i BELIEVE THAT RUMOURS ABOUND HE HAD A CONTRACT ON HIS HEAD