From this link: http://www.mightyleeds.co.uk/seasons/200708part1.htm
"Among those voting against were HMRC, the Football League, Gerald Krasner, Melvyn Levi, Simon Morris, Kevin Blackwell and David Healy. The margin of success was £70,683 on a total vote of £36.1m and it would have taken only a couple of parties to change their vote for the deal to have been blocked."
So Gaydamak is key to the CVA with ~30% block vote. The buyer could get away with paying a pitance only leaving any investigation (if there is to be one) into financial irregularities to a points deduction.