1 August 2007 :: by
The official Leeds United website has just carried the following announcement
from Leeds United 2007 Ltd.
" We are pleased to announce that the board of the Football League Ltd have agreed to transfer the share in the Football League to Leeds United 2007 Ltd.
The Football League have transferred the share in 'exceptional circumstances' and have imposed a 15-point penalty for the start of the 2007/08 season. The club have appealed against this sanction. The timescale for the appeal is not yet known."
So, not all good news then!