[LU] Have I got this right or not?

[Jeremy Adams]

Based on this
in respect of the League Share (which entitles it to membership of the
League) in the name of Leeds OldCo requiring it to transfer the League
Share at par value to the Secretary of the League. Leeds NewCo wished to
succeed Leeds OldCo as owner of Leeds United FC, by becoming a Member
Club and securing a transfer of the League share to enable them to do
so. By Regulation 11, a new Member Club is required to leave League 1
(L1) and start the following season in League 2 (L2). Leeds NewCo wished
the League to exercise its discretion so that it could succeed as new
owners with the Club playing in L1 from the start of the 2007-8 season.

So does the arbitration say the following?
Leeds were told that they either take the 15 point penalty or as stated in the FL rules, they would have to go to League 2.
Leeds agreed. Isn't that end of story? Why has this rule not been mentioned before?
Does this mean that for clubs exiting admin without a CVA they face the same rule, go to League 2 do not pas go or take a 15pt deduction?
If, as stated this was not a penalty nor was it precedent setting how on earth are they going to determine the cases of Rotherham, luton et al? Surely they should receive the same options? If so why not?
Serious answers on the back of an e-mail only please

Jeremy


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