Everything LUST
- Thread starter Eireleeds1
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Not sure I mentioned him at all in the context of the thread. But I saw much merit in most of the points he made.
Cooper seems to have called a few people out today on other sites and I think one or two are taking him up on it.
Got this from Waccoe. Seems to be a source of much discussion. Mail from a journo to one of the posters. I make no comment other than that ....
Hi Paul,
A group including former Sunderland director Mike Farnham, as well as Adam Pearson, Gary Verity (Yorks tourism bloke) and one or two others, bid £7m for 80pc of Leeds at lunchtime today.
Lucas's involvement, such as it is, is minor to the point of not really having any involvement. He knows some of those involved and of course would jump at a position in a post-takeover landscape. But his name is being used as leverage with fans rather than because he's got active involvement or cash.
That's today's story. You've seen the spokesman for GFHC's statement; they're not taking this bid seriously and won't countenance it.
Here's where the 'problem' of GFHC comes in (in as much as I see it as a GFHC problem, and I'm sure we differ on this, but so be it).
The problem: GFHC won't ever accept an offer that doesn't hand them back what they've spent plus a chunk of change for their troubles, ideally a big chunk. Yet while they hold out for that, the chances of anyone with serious wonga taking them up on it are slim: why would anyone do that? Prince Abdullah - and not only him - walked away having offered to put cash into the club, rather than GFHC pockets. Of course there's a lot of Catch 22 here. Without GFCH, you're left with bogeyman Bates. But now he's gone, you're still left with a club that needs some cash for that push to get you up.
Your manager is a good bloke and great coach and of course this is a chance he might get you up anyway. That's what GFHC are hoping, and if it happens, big slaps on the back all round because their gamble will have paid off, big time. They'll sell for a nice profit, or stay and enjoy longer profits. But the gamble element is very much there until you go up.
That's all I've got for you today.
Hi Paul,
A group including former Sunderland director Mike Farnham, as well as Adam Pearson, Gary Verity (Yorks tourism bloke) and one or two others, bid £7m for 80pc of Leeds at lunchtime today.
Lucas's involvement, such as it is, is minor to the point of not really having any involvement. He knows some of those involved and of course would jump at a position in a post-takeover landscape. But his name is being used as leverage with fans rather than because he's got active involvement or cash.
That's today's story. You've seen the spokesman for GFHC's statement; they're not taking this bid seriously and won't countenance it.
Here's where the 'problem' of GFHC comes in (in as much as I see it as a GFHC problem, and I'm sure we differ on this, but so be it).
The problem: GFHC won't ever accept an offer that doesn't hand them back what they've spent plus a chunk of change for their troubles, ideally a big chunk. Yet while they hold out for that, the chances of anyone with serious wonga taking them up on it are slim: why would anyone do that? Prince Abdullah - and not only him - walked away having offered to put cash into the club, rather than GFHC pockets. Of course there's a lot of Catch 22 here. Without GFCH, you're left with bogeyman Bates. But now he's gone, you're still left with a club that needs some cash for that push to get you up.
Your manager is a good bloke and great coach and of course this is a chance he might get you up anyway. That's what GFHC are hoping, and if it happens, big slaps on the back all round because their gamble will have paid off, big time. They'll sell for a nice profit, or stay and enjoy longer profits. But the gamble element is very much there until you go up.
That's all I've got for you today.
Someone is taking the piss.
£7mill for 80% values the whole club at £9mill approx.
This even if true is a joke bid.
It reads to me like someone is trying to flush out gfhs asking price before deciding to show their real hand.
A diversion we don't need right now.
SO GFH paid 52M or 32M depending on who tells the truth.
So these jokers offer 7m for 80%
Not really rocket science is it?
So these jokers offer 7m for 80%
Not really rocket science is it?
But are they offering £7m for 80% of GFH's current share which, if they have already sold more than half of the club to Nooruddin, may have been a tester to see if GFH are just desperate for money and willing to get out.
I fully admit to not knowing anything about this, but £7m for a controlling stake in the whole club is "not serious", while £7m for a controlling share of GFH's share may be just below the "asking price"
I fully admit to not knowing anything about this, but £7m for a controlling stake in the whole club is "not serious", while £7m for a controlling share of GFH's share may be just below the "asking price"
GFH paid £22M for Leeds - and that was over the odds as they have since found.
If Elland Road and Thorpe Arch was part of the package they would have been getting a bargain, but as they were not, they were sold a dud.
Without the ground and training ground, what do you seriously think Leeds is worth? The income you generate just about covers costs at the moment so there is no profit to be had - FFP now stops the buying your way to Premiership like QPR did (they are about to get a very large fine as a consequence) and the parachute money the relegated clubs are getting means they are in a far better position than Leeds.
£7M for 80% seems about right to me - Put it this way - In 2004 Krasner tried to sell the club to Sebastien Sainsbury for £22M and you owned the ground and Thorpe Arch then. You sold Elland Road for £10M so the rest of the club was valued at £12M (including Thorpe Arch)
If Elland Road and Thorpe Arch was part of the package they would have been getting a bargain, but as they were not, they were sold a dud.
Without the ground and training ground, what do you seriously think Leeds is worth? The income you generate just about covers costs at the moment so there is no profit to be had - FFP now stops the buying your way to Premiership like QPR did (they are about to get a very large fine as a consequence) and the parachute money the relegated clubs are getting means they are in a far better position than Leeds.
£7M for 80% seems about right to me - Put it this way - In 2004 Krasner tried to sell the club to Sebastien Sainsbury for £22M and you owned the ground and Thorpe Arch then. You sold Elland Road for £10M so the rest of the club was valued at £12M (including Thorpe Arch)
Cant believe I'm saying this but you may have a point even if you are wummingGFH paid £22M for Leeds - and that was over the odds as they have since found.
If Elland Road and Thorpe Arch was part of the package they would have been getting a bargain, but as they were not, they were sold a dud.
Without the ground and training ground, what do you seriously think Leeds is worth? The income you generate just about covers costs at the moment so there is no profit to be had - FFP now stops the buying your way to Premiership like QPR did (they are about to get a very large fine as a consequence) and the parachute money the relegated clubs are getting means they are in a far better position than Leeds.
£7M for 80% seems about right to me - Put it this way - In 2004 Krasner tried to sell the club to Sebastien Sainsbury for £22M and you owned the ground and Thorpe Arch then. You sold Elland Road for £10M so the rest of the club was valued at £12M (including Thorpe Arch)
Gary Cooper has been publicly challenged to agree to a petition to disband LUST ... wonder what he'll have to say? It's in the comments section below the article.
http://www.yorkshireeveningpost.co....-radebe-deal-would-be-a-dream-trust-1-6250046
LUST have still not made clear why a backer would want to fund them? Is the backer doing it out of love for Leeds, or is there a deal where the backer can make some dosh? Considering that seven figures will need to be raised, will someone be happy to simply throw their money away? I still feel GC has his own agenda for wanting a seat on the board, and that is dangerous. Even on the YEP board no clear and concise argument is made by GC, and he swerves pointed and specific questions from posters. Maybe now is the time .... although I really can't see GC agreeing to a petition asking LUST to disappear, even though the vast majority of comments on the YEP article want LUST gone.
http://www.yorkshireeveningpost.co....-radebe-deal-would-be-a-dream-trust-1-6250046
LUST have still not made clear why a backer would want to fund them? Is the backer doing it out of love for Leeds, or is there a deal where the backer can make some dosh? Considering that seven figures will need to be raised, will someone be happy to simply throw their money away? I still feel GC has his own agenda for wanting a seat on the board, and that is dangerous. Even on the YEP board no clear and concise argument is made by GC, and he swerves pointed and specific questions from posters. Maybe now is the time .... although I really can't see GC agreeing to a petition asking LUST to disappear, even though the vast majority of comments on the YEP article want LUST gone.
TC ... in Krasner's days the club was in administration, and being run by an auctioneer ... the aim was simple, sell whatever someone would buy, and therefore any valuations were severely skewed in favour of the buyer. Leeds United as a club, with its fan base and potential, is worth a darn sight more than £22m. Anyone can see that if you get it right and get Leeds to the Prem the financial rewards will be massive. Sheldon, your piece about GFH/LUST is extremely well thought through and clearly explained. Good one.
A VW golf has the potential to be a ferrari, but the cost to do it far outweighs the return you would get once you achieved it - but you wouldn't pay £70k for the VW Golf because of its potential
Billy
Set your petition up and I'll sign it mate. Cooper won't disband Lust because it will take him out of the spot light.
I swear down this whole take over BS is to make sure he still stays relevant and a talking point with in the Leeds fan base.
I think he should come back on this board and explain himself instead of having his minions on here doing it for him.
Set your petition up and I'll sign it mate. Cooper won't disband Lust because it will take him out of the spot light.
I swear down this whole take over BS is to make sure he still stays relevant and a talking point with in the Leeds fan base.
I think he should come back on this board and explain himself instead of having his minions on here doing it for him.
Petition is set up, will share link the moment GC agrees to it ... or maybe do it anyway even if he doesn't agree ... be great to stick 10k signatures in front of him.
Just do it.
I'd like to hear/read his reaction when you do show him. Actually would like to be there to see his face if you do it in person
I'd like to hear/read his reaction when you do show him. Actually would like to be there to see his face if you do it in person
Not wumming mate.
They originally paid £22M and have sold 30% of it already.
Leaves them with 70% of their £22M purchase = £15.4M
They have taken out debentures to the tune of at least £5M (probably more) against the assets = £10.4m left to sell.
80% of this = just over £8M, so the £7M offer isn't far off the mark to what they paid, but the fact they overpaid would make the £7M a very good offer