It'll be Cellino's fault for not doing sufficient due diligence ............

Who is the 150k owed to?

Ah, good old Kenneth. BTW, Alps whites, (I suppose your your username refers to the mountains?!), where do you live?

If Bates wants broadcasting rights tell him to pay his legal bills or else!

I wonder if it was on the books at the time MC bought the club?

If yes, it needs to be paid, end of story.

If not, perhaps it is covered by an indemnification clause.

could you explain the clause Jonny?

Agree with Leeds 62. Pick up the tab cheers ken

62, they weren't his bills they were the clubs.

Imagine the shambolic, hypocrisy filled clusterf##k that would ensue if Cellino doesn't pay the debt and Sean Harvey tries to deduct points owing to an unpaid debt from his own time at the club!

Rawdon, let's just hope there's not more of these to come.

Bates saved Leeds dont forget.

twice!

comment by JonnyLosAngeles (U9756)

" I wonder if it was on the books at the time MC bought the club?

If yes, it needs to be paid, end of story.

If not, perhaps it is covered by an indemnification clause."
___________________________________________________

comment by Jonty (U4614)

" could you explain the clause Jonny?"

I could.

This type of clause protects the buyer from liabilities not disclosed by teh seller or that arises after the transaction is completed that the sellere could not have been aware of at the time of sale but that relates to the subject of the sale before the sale took place.

I am currently dealing with such an event with one of my clients. A tax audit that relates to the time when the seller owned the company. Their agreement states that buyer will only be responsible for all costs related to this matter up to $50k, seller is responsible thereafter.

Ok, got it.

Popey reckoned this was from a case a decade ago, but I think it was more like 2011.

I guess we'll find out soon, like I say, hope there's not more of them!

They always manage to get something wrong!

What about Wilko's Champions????

Rag!


"Leeds, who were English champions in 1969 and 1974 and European Cup runners-up in 1975, are 17th in the Championship with no wins in their last eight matches."

Read more: http://www.dailymail.co.uk/sport/football/article-2825592/Leeds-slapped-winding-petition-150-000-unpaid-fees-solicitors.html#ixzz3IPCh3aEC
Follow us: @MailOnline on Twitter | DailyMail on Facebook

http://www.dailymail.co.uk/sport/football/article-2825592/Leeds-slapped-winding-petition-150-000-unpaid-fees-solicitors.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490

The article states:

"I genuinely hope we can resolve this amicably but we must do what is necessary to protect our clients' position."

AND

"Collins added that the money owed to his clients 'had not been sorted out completely by the courts as of yet."

So who exactly is this owed to?

Astor?

FSF?

Ken Bates Retirment Trust?

Ken Bates Family and Friends Fund?

Wonder if Harvey was Bates' underling at the time
This went down? And if he was a part of the decision not to pay up? Surely, deriliction of duty on the part
Bates and Shaun. If so, how does Shaun keep
His high and mighty status at FL? Will the FL ask
Questions of Bates regarding non payment and
Saddling the club with debt he created and didn't
Repay? Because if as some say, Cellino must pay up?
Then we have to ask why didn't Bates or GFH? Yet they still both had the support of the FL? Fishy

If Cellino has done the due dilligence before buying and it didn't show up before purchasing then Cellino won't have to pay if his lawyers have got anything about them.

So, now that the shitis getting thicker, I think its time these people that look at this sort of thing and try and find who did what and when, should be rewarded for finding that bit where Bates and Harvey tied their knot!..

The longer this drags on and the deeper it gets it always seems to bring them into it somewhere!..

Bates letting Gfh in,(remember, he wouldn't talk to others!)and Gfh letting Cellino in,(remember, they wouldn't talk to anyone else!)I wonder with Bates in the background and Gfh still in there, how much they are in this together!..

Bates on the fringes, Gfh on the inside, and Harvey in the best job to be in with all that's flying around Elland Road!..

Someone made a film of two of our "X" managers, one of our X's starred in a fair mean football film!..

Boy, what a film this would make!.

Where's me bleedin camara gone?.

Earlier this week, GFH made these comments as a rebuttal to MC's assertions about them:

GFH C also say: "(Cellino) was seeking financing from GFHC to purchase the club, which GFHC was willing to consider."

So, if GFH were willing to (supposedly) fund MC, how
come they didn't use some of that pot of gold to pay the bills that have lead to this latest WUP? It was their responsibility way before MC. Proven by the fact that
the debt now falls on MC, apparently.

And:

GFH C: "We wanted Cellino to show commitment to his obligations under sale agreement since he has only paid part not all of his obligations"

In the same way GFH were obliged to pay Bates' debt that lead to the latest WUP, but chose not to?

Think it's probably much more straightforward than that Spike, just Cellino not wanting to pay.

He'll either dispute it, wait till last minute of just pay it.

I think it will be one of first 2.

Germany, Bates would talk to others. He actually wanted to sell to Preston Haskell, but Harvey messed up the paperwork and committed to GFH.

Don't understand how these people can all be getting contracts so wrong.

Jonty, I think it was due to the unusually harsh weather conditions, heavy snow as I recall.

Leeds United


The club has today (Friday November 7) received a winding-up petition from solicitors’ firm Ford & Warren acting on behalf of their client Mr. Melvyn Levi.

We have been advised by legal counsel that the publication of the winding-up order to the media within seven days of its service is illegal and amounts to an abuse of process and a contempt of court.

This activity was designed for the sole purpose of putting undue pressure on the football club.

Our lawyers are demanding that the petition be immediately withdrawn, and a full apology made else we will ask the court to dismiss the petition on Monday morning

Sorry
From the Official Site................
http://www.leedsunited.com/news/article/87jluic29f8m1fim2tuvot1ql/title/club-statement