Sources unknown. It was on ja606 and they couldnt say who they heard it from. Could be pure ****e talk, let's wait and see. I thought the 6 million maximum spend was the do with the clubs debt v turnover? Can anyone verify the 6 mil max spend? Is it a max of 6 million. Period?
If its a 60 mill cash injection into the club it could also be to cover building work or planned building work and it could be on a three or four year plan for the funds to be released. TA and Elland Road might have something to do with it as well. If of course any of it is true.
Dublin..There is a loophole, something to do with the stadium or something. There is a definite loophole in the system that i was made aware of recently.
Well, none of us know, so lets wait and see. The initial investment will be what they have to pay Bates and co to get ownership, which obviously benefits no one other than KB etc, plus whatever they have set aside as additional working capital (which may be needed for all sorts of things, including but not limited to players) They might be buying the stadium, and or TA. They might not. Presumably the deal with KB includes the bloody hotel(s), but again we don't know. I know very little but would have thought the £60m mentioned (if true) would be to buy the LUFC entity as it stands (so not including the ground and TA) plus some additional cash for working capital. The £200m sounds to me (again, if true) like money to buy other assets like the ground and TA, plus maybe longer term investment in the team. I doubt they would splash that sort of cash immediately. I would be amazed if they do a Man City - but you can but hope But we are debating in the absence of facts, so expect this will all change and hopefully become clearer as time goes on. I have never needed to look at the Fair Play rules (oddly, under KB's ownership, they never seemed to be a constraint ) but would expect owners can invest what they like in infrastructure, the contrainst would presumably be about how much they can spend on the team, relative to their income. But someone may know better, as I say I have never studied it ps. I don't think Leeds have a £100m pen, by the way - but possibly Ken does have 100 million pens, he has been sent quite a lot
A pen is worth what the buyer is willing to pay. Meaning, that money can only be spent on the squad from earnings from the club. If the owner of the club decides to go into the club shop and splash out 100m then that is the football club's earnings if you know what I am saying. I am rather certain that the Man City owners did this to get around the fair play. Although it was only a rumour so there's nothing solid in that
where have we got this figure of 60mil from maybe I'm missing something, but the only mention I could find is what they thought a season in the premiership is worth ie therefore the 60 mil is what they are looking to get out of it, not put in
aha cheers Josh, just with the 60m being mentioned in their letter to the bahraini stock exchange, thought folk weere maybe getting wrong end of the stick
At last it finally looks like there is some concrete news, and great news at that. Come on you mighty mighty whites! No more people claiming to be "in the know" and banging out posts about how so-and-so says such-and-such is happening. No more "Wolf! Wolf!"
