This solution suits everyone. We will start next season on a clean slate and Bates will keep the club in the end. We have cheated the system in a way.
This might not quite be the scenario, thinking back to our administration.
Forming a new company out of administration allows a 'clean slate' in the eyes of the law so, in theory, all debts are wiped off.
BUT
The football authorities still had their own rules which insisted on all 'football debts' being cleared in full (i.e. transfer fees owing, players wages, etc). This is why some clubs continued to operate with transfer embargos in force whilst they were in administration and, in some cases, even after they'd been rescued.
Therefore, much depends on the 'ratification of the deal' by the football league/FA as to how cleanly they come out of it.
As for the 10-point rule, Leeds have just taken advantage of the farcical rules in place. I hate it, but given the fact that the football authorities gave them the green light to do this in advance then who wouldn't have done the same, in the same situation.
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