Bloody GFH

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A) not til its paid back in FULL. if 2m is paid back they only own 15m.
B) they don't own anything of leeds United, they have no votes no power to make decisions. They are just owed money like every club in the country owes someone some money.

Next?
A) not til its paid back in FULL. if 2m is paid back they only own 15m.
B) they don't own anything of leeds United, they have no votes no power to make decisions. They are just owed money like every club in the country owes someone some money.

Next?


They may not have any votes or power to make decisions, but they can stop decisions being carried out.
Their debenture means the Club cannot sell major assets (like players for example) or make changes to assets such as Elland Road without prior written approval from GFH. In effect, they still have as much control over the Club’s future as they did back in 2012: this control significantly hampered Cellino in his plans and is going to continue to do the same under Radrizzani’s tenure. This debenture could run till 2029 if not paid off - it also means GFH can just take Club assets if the Club defaults on payment in the future and prevents the Club giving such security to other potential future lenders. Si if you bought Elland Road, it would make it an asset that is added to those GFH has control over: future sale of ER or borrowing against it can only be done if GFH agree. Similarly, a mortgage company will no longer be able to give the Club a mortgage unless GFH agree to give up their claim over the asset.

Thought you was an accountant <doh>
 
They may not have any votes or power to make decisions, but they can stop decisions being carried out.
Their debenture means the Club cannot sell major assets (like players for example) or make changes to assets such as Elland Road without prior written approval from GFH. In effect, they still have as much control over the Club’s future as they did back in 2012: this control significantly hampered Cellino in his plans and is going to continue to do the same under Radrizzani’s tenure. This debenture could run till 2029 if not paid off - it also means GFH can just take Club assets if the Club defaults on payment in the future and prevents the Club giving such security to other potential future lenders. Si if you bought Elland Road, it would make it an asset that is added to those GFH has control over: future sale of ER or borrowing against it can only be done if GFH agree. Similarly, a mortgage company will no longer be able to give the Club a mortgage unless GFH agree to give up their claim over the asset.

Thought you was an accountant <doh>
Hilarious rubbish <laugh><laugh><laugh>
 
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so hows it going lads ?

take over sorted ?
managers contract sorted ?
pre season games all sorted ?
new players in or lined up ?
ER purchase underway ?
transfer budget in place ?

will soon be August don't get left behind <ok>
 
so hows it going lads ?

take over sorted ?
managers contract sorted ?
pre season games all sorted ?
new players in or lined up ?
ER purchase underway ?
transfer budget in place ?

will soon be August don't get left behind <ok>
Can you name all your new players that you have signed in the last week.That's what I thought <whistle>