After all the discussions recently around Rangers using the Leeds method to exit administration with their history intact, I can confirm Luton Town have also used this method.
Luton Town FC fell into administration in the late naughties.
The club was sold to the saftey of a NewCo before the old club being liquidated.
No CVA was agreed upon the exit from administration.
Luton Town have retained their history.
Browse:
Luton Town - NewCo Old History
comment by The Duke (U10059)
posted on 6/4/12
you do have a bee in yir bunnet on this mate
mare power tae you
but go get a beer
comment by The Timinator (U9180)
posted on 6/4/12
agree Duke
Give it a rest mate,it's friday,grab a beer and chill.
comment by Mitre_Mouldmaster (U13206)
posted on 6/4/12
Ive got one mate.
Just sitting here watching the masters with one of those big grolsch bottles.
Tiger Woods is going to pieces!
comment by OptimusPrime (U13377)
posted on 6/4/12
Even your owner has stated that the club would lose it's history if it goes into liquidation. It's the price you pay for clearing your debt.
comment by higher than the sun (U2157)
posted on 6/4/12
Even our owner says?????????
Aye must be right then as he's been bang on the money with everything else he's said!
comment by Mitre_Mouldmaster (U13206)
posted on 6/4/12
Optimus, I dont care what he says.
He would be wrong.
If you want to prove me wrong, feel free to look into the Luton example and show me where the legal difference is.
comment by Mr. Unsubscribe (U1110)
posted on 6/4/12
Comment Deleted by Site Moderator
comment by The Mighty Quinn (U4099)
posted on 6/4/12
Mitre.
There's fleck all point in even more speculation.
Even the fellas at the centre of things haven't a bozzer.
Happy Easter.
comment by MexicanShoeMaker......where's Dave? (U5848)
posted on 6/4/12
Ah hink RFC are shameless bastirts...but ahm sure yeez know that already
comment by Ibrox Elite (U5255)
posted on 7/4/12
Mitre
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