Is no news good news...? Although I would love to see a big money takeover... I hate the fact that Bates could make a penny from selling Leeds United. So much so, that the spiteful side of me would rather wait another 10 years to see him die or better still be arrested... Just a thought, but I fear if he sells us we will be finding financial "surprises" for years to come, at least when he is dead we won't have to worry and we can get on with the celebration safe in the knowledge that he is 6 feet under.
Nah, I'd rather he just sold up now, after all we're finding out financial 'surprises' while he's in charge, at least if he wasn't around we'd gradually discover where all our money's disappeared to.
Sell up and go now, draw a line under it and move forward. New board, cash injection, new players, promotion challenge and he will become nothing more than a bad dream or a nightmare that we all used to share.
I just want to see him leave ER either in a taxi or a hearse, don't care anymore as long as he goes. The earlier thread regarding Due Dilligence carried out at ER, made me wonder why he was prepared to bankrupt the club as long as he could carry out the redevelopment work to the east stand. It makes no sense as we supposedly don't own ER. He always said that he would build the club before the team and getting a loan for players can't be done, but bricks and mortar it can. Well the DD carried out didn't get him the laon so he forward sold season ticket sales for the next 2 seasons. That money should have been pumped into the team and we could have had a shot at promotion. Promotion is where the cash is so he could have done the refurb work then ..... not before because it makes no sense. So why did he do it, whats so important to him that he gets it done now???
Makes sense on two levels: 1) LUFC has a long term lease. If more money can be made from the improvements over the term of the lease, including factoring in the time value of money, then it makes sense. 2) LUFC has a fixed cost of repurchase of the ground. If the club buys it back then any improvements are part of the now owned property. The timing of it and the alternative possibilities to spend on make it a poor decision, not owning the gorumd does not necessarily make it a poor decision. Like many others, I wish he would just go.
