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The Tevez Affair: The biggest lvictim?


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It may come as a surprise (or perhaps not) that Ken Bates claims that the biggest victim in the Tevez affair is dirty Leeds.

 

"Leeds missed out on a substantial sum," says Ken Bates. "We sold Sheffield United a number of players with contingencies, and when they got relegated, we missed out. We should be compensated: ours is the biggest claim. We're taking legal advice."

 

Also missing out on money they were entitled to: May 2007, creditors offered 1p in the pound after Bates puts Leeds into administration with debts of £38m, including £7.7m unpaid tax and VAT, £124,000 owed to the Council, and £165 to the St John Ambulance - "An utterly derisory offer to people who have supported Leeds through thick and thin" said ex-chairman Gerard Krasner. Final outcome: creditors offered 10p in the pound; debt-free Leeds sold by administrators KPMG to an off-shore consortium fronted by Ken Bates; Leeds finish 2008 with a turnover of £23.2m, and £4.5m in profit.

 

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It may come as a surprise (or perhaps not) that Ken Bates claims that the biggest victim in the Tevez affair is dirty Leeds.

 

"Leeds missed out on a substantial sum," says Ken Bates. "We sold Sheffield United a number of players with contingencies, and when they got relegated, we missed out. We should be compensated: ours is the biggest claim. We're taking legal advice."

 

Also missing out on money they were entitled to: May 2007, creditors offered 1p in the pound after Bates puts Leeds into administration with debts of £38m, including £7.7m unpaid tax and VAT, £124,000 owed to the Council, and £165 to the St John Ambulance - "An utterly derisory offer to people who have supported Leeds through thick and thin" said ex-chairman Gerard Krasner. Final outcome: creditors offered 10p in the pound; debt-free Leeds sold by administrators KPMG to an off-shore consortium fronted by Ken Bates; Leeds finish 2008 with a turnover of £23.2m, and £4.5m in profit.

 

I am also seeking legal advice over the Tevez affair.

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