Tonge is in. Make of it what you will. http://www.leedsunited.com/news/20120913/midfielder-signs-up-in-loan-deal_2247585_2917723
I agree but do you not feel that they make a LOT of mistakes with some of the things they come out with? Yes there are always going to be arguments for and against but to state "We won't make May next year" without investment and then release a statement that actually reflects quite the opposite is a little silly you must agree?? Many of their statements just play right into Bates hands, he doesn't need to search out for ammunition they hand it to him on a plate.
thats a fair comment mate There never going to please all of the people all of the time and I'm prepared to cut them some slack when they get things wrong. Its a learning curve for them as well. If of course the club/potential buyers had been more straight up with the fans then LUST wouldnt be getting so much pressure to leak anything they here and I'm hardly shocked at Ken Bates moving goal posts or be a stubborn old git. In fact, I think he probably moves to spite anything BIG says is going to happen to discredit LUST or Gary Cooper on a personal level.
Cant argue with that. It certainly gives the haters (many of which still believe in Bates) fuel for the fire but its all about opinions I guess. At least someone independant and trust worthy looked over the books rather than us having to believe Bates that everything is going smoothly whilst he invests season ticket sales on building work and holidays in Texas!
No doubt in my mind in the SLIGHTEST Bucks that Bates would love to see the back of them and I agree totally he will be purposely trying to discredit them. If Bates doesn't sell then he will see them as an almighty pain in the ass but ONLY while they have media attention and this will rely on having a chunk of support on their side from the fans. Silly statements like the not seeing out till May only turns support from people like me against them. Probably 90% of me used to be in favour of LUST - Now I admire what they are TRYING to do but the other half of me cringes, they have lost SOME of my support I have to be honest... I don't want this to be the case because if this T/O does go tits up we need LUST or a group like them if we wish to get shot of the old ****er. I do realise that LUST are the best chance we have, they already have useful media contacts and a healthy following, let's hope they learn the lessons that need to be learned fast
I thought the analysis said that the business was structurally sound in terms of staff costs even though other costs were out of control, but also that the cash flow situation was fecking dire and player sales might be required to keep us paying the bills. Which is about the same thing the bloody moron said at the end of August. Anyway, no comment from me. I think we all know where any spare cash is going.
I thought there was another section about cash flow. I get the impression they were treating the cash flow separately. The club could make 25% profit on turnover, but if the cash isn't there at the right time to pay the bills as they fall due it's irrelevant. You risk administration. Their point being that we've spent half the projected income pretty much instantly and may run into trouble before the next big slug of cash comes in around next August. I'm not sure he's contradicting himself at all. The profit could look really healthy, but if you can't pay the bills when they need paying you're in schtuck. Anyway, no further comment morons.
The experts opinion suggests financially we are sound - Anything else is speculation Rob Wilson agreed with LUST that we could up the wages to £20m, from 51% of turnover to 60% which would be sustainable, that doesn't suggest a cash flow problem for me Let's just hope that the other statement which they have made concerning one step forward materialises into something then none of this or the past umpteen months will matter - We can draw a line under it all and start a new beginning.
Were we reading the same report? I'm sorry to bang on about this, but Gary Cooper has not contradicted himself. He just hasn't.
Having shared our report - What report?... Commenting that, “the assumptions". From where the report states CASH it is all assumptions, prior to that the experts opinion suggests we are financially sound.. Take into account LUSTS 'assumptions' and it changes. It is the most manipulated report I have seen in a long time. I am all for people/fans supporting LUST but not by them feeling the need to use scaremonger tactics and send a message out to fans that without cash we are finished come May... One of many contradictions, we have the resources but hang on.... we have a cash flow problem we are doomed come May... I could go on and on but the end of it from me
I agree that the report says we should be in a sound position, but it also points out the amount of money being spooged on legal fees, the radio station, the pavilion, the building works... They're saying that on an annual basis we should be able to spend more on wages, but we can't because of all the out of control costs. That's on an annual basis if we weren't spooging money on all the crap. There is no contradiction at all to suggest we'll have cash FLOW problems later in the season. It's all perfectly self-consistent. It only starts not to make sense when you place too much emphasis on our healthy income without taking in what the rest of the report says about how the income is used. If you only pick out the bits you want to believe then it does make for reassuring reading. The whole thing taken together though says exactly the same thing Gary posted on the 30th of August. We're about to be back in the cacky without loans, investment or player sales.
No I pick out the facts that the expert has commented on and ignore 'assumptions'. Look I will stand with the next guy and cheer when Bates leaves the club, I don't care if he is carried out in a coffin, I detest the guy. I want LUST to be the recognised voice of opposition but IMHO they damage themselves with certain statements and courses of action. If those are my opinions how many more share that? I dare say I am not alone and I accept it is a hard balance but really, LUST should stick to facts and leave assumptions for us to gossip about on forums Sorry it doesn't say that, it clearly says "Rob Wilson agreed with our analysis that a 60% ratio is sustainable. On our current turnover, this would allow the club to spend up to £20m on wages". No where does it say but we can't, well not that I can see anyway.
OK. Maybe I read it differently. I only wanted to mention that the article isn't inconsistent with Gary's statement from August (whether we agree with their analysis or not). He seems to get a lot of stick for reasons I don't fully subscribe to. Anyway, hope you're right that they've both misread the cashflow situation... But they haven't.
It would appear on first glance to be contradictory, but on reflection it does make sense. On the one hand it says an increase on the wages to turnover from 51% to 60% is sustainable, taking the wages from £16M to £20M, and yet loans have been taken out on future season ticket sales, suggesting a cash flow problem. It would suggest the club itself is doing ok, but the loans have been taken out because the attached companies which are struggling, such as Yorkshire Radio, have the cash flow problems. That's how I read it anyway.
