Good Morning. It's Monday 3rd July, and here are the latest headlines from Elland Road Takeover delay has nothing to do with EFL Football finance guru Kieran Maguire has stated that the delay regarding the Leeds Utd takeover has nothing to do with the EFL, and lays blame firmly at the feet or either Andrea Radrizzani or 49ers Enterprises. According to Maguire, if both parties are singing from the same hymn sheet, there is no reason why a buyout cannot take place in a matter of days, let alone weeks or months, and highlights the sales of Wigan Athletic and Huddersfield Town as examples. This puts a completely different spin on proceedings. Most fans were quick to point the finger at the EFL, whereas there are issues, a lot closer to home! It shouldn't be that complicated. The Americans want to buy Radrizzani's remaining 56% shares, and have agreed on a price of £170m. Perhaps the 49ers aren't happy with the clauses in players contracts allowing them to go out on loan, if the club is relegated? Maybe there's a legal wrangle regarding Elland Road, or could the Americans be getting cold feet? "The delays in terms of the Leeds United takeover are not being caused by the EFL,” "We’ve seen in other deals such as in the sale of Wigan and Huddersfield Town that if all parties are in alignment a deal can go through in a matter of days rather than weeks or months." “Therefore, it would seem that the slow progress is caused by either the buying or selling party in the takeover. It has consequences on an operational level in terms of the club’s ability to recruit both in the backroom staff and the players on the pitch. The quicker this deal is resolved the better." please log in to view this image Why can't Farke start straight away Whilst the first crop of players arrive at Leeds Beckett University to undergo several days of rigorous pre-season health and medical screenings, there's still no sign of Daniel Farke. With betting suspended, and having already having had the guided tour of the Leeds training ground (Thorp Arch), the 46yo is believed to be itching to get to work with his players! As things stand, Radrizzani is still the Leeds Utd owner, and any deal needs to be signed off by him, before signing. That shouldn't stop Farke from getting to work straight away unpaid, if the role means that much to him. The Championship season kicks off in four weeks, and whilst Rads and Marathe continue to fight, Leeds chances of promotion back to the top-flight dwindle by the day. According to an article on Leeds-live this morning: "Leeds United have placed everything on hold until 49ers Enterprises' takeover of the club goes through. As things stand Andrea Radrizzani still holds the controlling stake in Leeds, and so signs off on any deals." please log in to view this image Bundesliga pair want Rutter on loan German media outlet 'Bild' claim both Freiburg and former club Hoffenheim are interested in taking Georginio Rutter on loan next season. The 21yo had a wretched start to his Elland Road career following his record £36m move in January. In 11 appearances (mostly as substitute), he earnt a 'Whoscored' rating of just 6.25, and a success pass rate of just 50%, lower than any other player at the club (apart from Mateo Joseph who only played 24 minutes). Is Rutter ready for the Championship, or does he need to go out on loan? please log in to view this image
Not looking good is it lads, the long winded takeover, can only impact on our season, looking more with everyday that passes that it would be a bloody miracle if we bounced straight back up, and as for Rutter, who had our pants down? for that wasted 36m. Talk about a badly run club, once again we are a laughing stock, makes my blood boil. Rant not over, just on hold for the time being. Good morning everyone
Morning all Today is the start of pre season training. We've had no players come in. We've got no owners and oh we haven't got a manager. Let's not forget that the season starts in 5 weeks. Why can't Farke start today? He's probably not their choice in manager. They're probably trying to find somebody if they're actually looking. We've got players leaving and nobody coming in. This summer is becoming a joke. We're falling further and further behind the competition and we'll get relegated at this rate. I had a feeling that the ratification was down to the 49ers. They probably want to get as much of their cash back through investors. I can't see why Radz would want to hold up the sale he needs the money to buy Sampdoria.
Morning all A couple of weeks back, I was reading an article that gave examples of how long an EFL fit and proper test can take, from 7-10 days to a couple of months, it just depends on the complexity. The 49ers want 11 major investors on board, it only needs one of those to have had a bankruptcy filing and more information will be required, I have never brought into the reasoning that the EFL hate us and are delaying on purpose. Fan frustration fueled by click bait sites seems to be sending us all into self destruct
Didn't the league approve Gold, Sullivan and Brady when they bought West Ham rather quickly a few years back and they were investigated for Fraud 14 years ago.
The only saving grace could be in the work Nick Hammond has been doing quietly in the background. Amazing that Radz can get things moving in Italy with a club he officially doesn’t own yet and the 49ers can’t do anything without a note from Radz
I believe the 49ers aren't happy with the loan situation, stipulated in he players contracts as this will have a negative effect on their sale-ability and worth. There is no way that the 49ers would have found out about this until very recently, when it became public knowledge 2 (or so) weeks ago. Let's say you buy a house! The first thing you do is to put an offer in! Once your offer has been accepted, you then carry out all you checks, due diligence by getting a survey done, and employing a solicitor! Why should the process be any different, if you're buying a business?
No idea mate but I would guess it was a lot easier approving those three than 11 who possibly all reside in the USA and when you read reports one is a well known politician then I can only imagine the problems looking into their finances. It's nothing to do with the EFL hating us, it is an oversight on those involved at how long this might take and it was never going to be easy dealing with 11 wealthy Americans not to mention the structuring with the other 49 who don't need to pass a test. If the EFL had it in for us, they would have found an excuse to say all 60 need checking. I would also add that I would imagine Radz pretty much hates us at the moment, however you look at it, we are a million miles better off than we were under Cellino, Bates and GFH and he did put a good few million in and at the end of the day the fans turned on him looking for the next one to blame
As major share holders they would have had access to everything. If you are buying a house and it uncovers expensive hidden nasties you just pull out. The delay has zero to do with the value agreed, seriously mate you're just adding to the frenzy looking for things that aren't there. The reduced fee was agreed, the 49ers would have done due diligence, the funds placed ready to complete the sale and now we wait for a rule that applies in this country that you have to pass the EFL fit and proper test that I believe is also a requirement from the HMRC for money laundering purposes.
Morning all. 49ers originally introduced to the club by Radz, enough said except there's going to be a lot of disappointed fans again this season. Specially the ones predicting wed run away with this league. Getting to 50 points with this shambles for safety will be a huge ask
I'm not placing the blame on the EFL. I'm putting the blame on the 49ers. I don't trust them. However I would like to know who this Yankee politician is. I suspect it's Gavin Newsome the Guvnor of California. Very unpopular in the state and has caused the Cali exodus. I believe he's a 49ers fan.
Actually you make a very good and valid point. If the deal has been agreed and submitted for ratification then how can there be an issue between Radz and the 49rs?
Blaming the EFL was not aimed at anyone in particular mate, I just keep seeing it a lot on social media and various places. I want the 49ers as a stepping stone because we have gone backwards under joint ownership and Radz didn't have the funds to make us a competitive force in the PL. I only wanted them as they were the only immediate alternative, I believe they can and will get us back to the PL they will probably improve the ground but long term I don't see them as the answer, I don't trust them in the slightest, I don't need to trust them, I just want promotion then review it from there. Exactly the kind of person who's money trail will cause headache and issues, exactly the kind of person to lie and cause delays with the EFL checks
Having access to everything, and foreseeing the ramifications of it until it's under your nose are two completely different things. Maguire is a World renowned expert in these matters, and he says the hold up is noting to do with the EFL checks!
The Nick Hammond appointment was an excellent move, he'll be chatting with Farke and sorting out who can be persuaded to remain, and who needs to go. I am not pretending the fit and proper test isn't going to hamper things a little but we can't change it. The annoying thing for me is the 49ers board would have already passed it being as they already owned more than 30% and we all assumed they were just going to increase their share, not bring on board Tom Dick And Harry
I wouldn't be surprised if the 49ers are losing interest. They were expecting to buy a Premier League club now they've got a Championship club with a playing team that wants out. It's a bit of an up hill struggle.
“Therefore it would seem that the slow progress is caused by either the buying or selling party in the takeover." That's all he said, he never said anything else about it being the loan players, transfer fee's or anything else So either Radz is slow sending paperwork off (which I doubt as he wants his money), or it is the fault of the 49ers which I have felt it was all along with the most probable reason being the 11 people who need checking out and one or more of them being complex.
Morning everyone i forgot to add it's all very strange and the silence from the 49ers is deafening. Surely they should have made some sort of statement by now. Let's see what happens today because something is holding us up.
