Bates warns Leeds about future
Bates wants to continue in his current role as chairman
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Tuesday, 29, May 2007 10:18
Leeds chairman Ken Bates says the future of the club will be in doubt if administrators do not accept his offer to buy back the club at a meeting on Friday.
Bates wants Leeds' creditors and the Football League to accept a Company Voluntary Agreement (CVA) which would see some of the club's £35 million debt wiped out.
Leeds went into administration before their final game of the season to avoid carrying over a ten-point deduction into their next campaign in League One.
Duncan Revie, son of former Leeds manager Don, has said he is also considering a bid for the club, while Leeds businessman Simon Morris is believed to be thinking about a bid in the region of £10 million.
However Bates says that the package he has put together is the only one which can save the club because it involves the club's creditors accepting losses on their investments.
"If they want a football club in Leeds they should make sure they vote the right way," Bates told Yorkshire Radio.
"If the CVA fails, I can assure the fans it is unlikely there will be a Leeds United Football Club.
"Hopefully we can move forward and put the tribulations of the last five to six years behind us and start again with an open and even playing field so we can start getting the club back to where it belongs."
Bates warned that Leeds could suffer a similar fate to Accrington Stanley if they are not able to come out of administration before the start of next season.