A Rare Outbreak Of Common Sense

At five o’clock this evening, Swansea City were finally crowned as the champions of League One. Swansea have spent the whole of this season doing rather well out of getting quietly on with the business of winning matches whilst playing some of the best football to be seen in England outside of the Premier League. Matters at the top of League One, however, had been rather taken out of Swansea’s hands by the behaviour of Leeds United over the course of the season. When Leeds finally collapsed at the end of last season, the administrators appointed took a somewhat idiosyncratic on the best way forward for the club. Her Majesty’s Revenue & Customs were champing at the bit and looking to secure a winding up order against the club. The Football League were so concerned at the state of affairs at Elland Road that they withheld the “Golden Share”, effectively threatening to expel them from the League unless they got their house in order. What happened next has never been satisfactorily explained. With Ken Bates holding out for as low an offer as possible in the club’s CVA (in the first place, he threatened to close the club unless creditors accepted an insultingly low offer of one penny in the pound against Leeds’ entirely self-inflicted debts), the administrators the put the club up for sale, in a blind auction...

Read More