Leeds to spend
Chairman Ken Bates has said Dennis Wise will have enough funds to launch a strong challenge in League One and current situation will not hinder their hopes for next season. There transfer ban will be lifted in July according to the FA. Ken Bates told reporters..
'I don't discuss figures, and never have, but Dennis will have funds available to him, We're in limbo slightly but that does not stop us talking to players formally and agreeing deals in principle.'
'We've already held lots of informal discussions, and Dennis has got a long shopping list, we actually sent him away on holiday while all this was going on because there was nothing more he could do. But he knows who he wants.
'Obviously we've had a few setbacks and missed out on a few players, but that's inevitable regardless of whether you're in administration or not. It happens every year and you never get every player you try for.'
At the end of last season Leeds released seven out of contract players but are expected to offer new deals to Tore Andre Flo, Rui Marques and Matt Heath once the club regain their ability to spend. Also rumours that Walsall were trying to get Lee Frecklington from Lincoln looks likely to be sabbotaged by Leeds new spending power.
On a personal note how must all the creditors who have lost money be feeling at this news. I know that if Walsall were in the same position I would want the board to pull every stroke possible to save our club, but this loophole needs to be closed and a fair system introduced.