Sooo roll the clock back to when we had Bates, was it accept he was the only option or was it call for him to sell up and get out? There probably are alternatives, lots of them but they are not going to step forward because of the asking price and this "must pay to see accounts" business. The reason why there is not a Cellino alternative is because of the price tag, Cellino probably paid over the odds as did GFH I know it isn't as simple as that and there are probably many factors involved but in all honesty what are we really worth? Nobody knows that answer and without arguing/debating about buying the ground back I remember lots being said a year ago when many were saying we will be a lot more attractive for the next buyer when we have purchased back Elland Road because everyone believed Cellino when he told us at least three times that was the plan. Now we are probably less attractive than under Bates because we still don't own the ground, I have no idea what the academy is like now compared to then but with Cellino's sweeping cuts when he first arrived it doesn't sound like it is much, and the biggest rod is probably Cellino renegotiating the loan from GFH. Rather than buy them out he has struck up some deal that keeps the interest low and a payment if we reach the PL which is never going to happen with Cellino/GFH at the helm. Anyone wishing to buy us now has to deal with what Cellino wants and what GFH want and it sounds like GFH have an awful large pending loan that needs paying if a new owner comes forward. So basically my question is, was it okay to have Bates as "what is the alternative apart from someone rich?"
Bates sold off every thing saleable and if he had stayed another year would have taken us into administration. We are in no danger of Administration under Cellino in fact we are the best placed we have been financially for many a year. Its normal practice to pay to see all of the accounts when buying a business 10% is the norm.Deters time wasters with no money as it has.
His first game he came on against Man city,he wasn't man of the match and stood watching while city scored.stop making it up.WON 1 DREW 2 LOST 1 when he played won last 4 when he hasn't played.
First full game. Iirc, lineker and shearer gave him glowing review. They both know more than you and me! Not making it up, not really that interested tbh. Feel free to get off my case.
Not true I am afraid. Currently, GFH £17M & Cellino £30M according to Ellanora's Financial Statement GFH only paid £20M for Leeds Cellino said you were losing £1M per month and he had fixed it. You lost £2M but without selling McCormack it would have been over £12M - what has he fixed?
The correct answer is absolutely nothing... However the answer Chesh gives will be an opinion based on wishing and Rose tinteds.
All the time you have Cellino and the longer you have Cellino the more debt. you will be in to him...no worries with that so long as he holds onto the club Leeds are paying his family megga bugs as named directors who are directors in name only. (its called milking) whilst at the same time consolidating debts to Ellanora his company,as long as he doesnt call in them debts alas no wolves knocking at the door you can say that the books are balanced (well almost) and the club can pay its way this year because of the Ross and Byram monies.....all looks good on paper UNTIL Cellino calls them in IE when he sells the club.....Theres your problem it looks like Leeds Utd. owes Cellino and GFH somewhere in the region of 42m thats before anybody actually pays the price of the value of the club. and its assets <some joke that is> add the 2 together and the price to buy them out is in my opinion and just a guess somewhere near 70m add to that the cost to turn the team into a promotion winning side and the answer is quite clear really... You are stuck with Cellino for a long long long time Dont forget that in order to keep the books balanced (correctly) you need to FILL ER every game or need to bring in 10m in player sales every year....because your income is nowhere near your out goings as things stand and look like getting far worse. The good thing is Admin is very unlikely but a return to the Prem is never going to happen either
TC 1 and TC 2 the fact is we lost £2 million,end of story,you don't get to add and take away [maybe's and what ifs] we can all do that look [WHAT IF WE DIDN'T PAY ANY WAGES WE MADE MILLIONS] but we did and so we lost £2 million,about £8 million less than millwall isn't it TC ?
Unlike millwall then as your owner said unless the council change there mind your fooked. please log in to view this image RIP MILLWALL
You seriously think Cellino is not going to call The debt in when he gets kicked out if enfpglush footie. Feck me a bus......
What he does in enfpglush is of no concern to me,but If he sells the club obviously he will want some money for it.But as he owns the club,dont see him taking himself to court for money no. where do you dream these things up from.
Yorkshire water having to go to court in the next few weeks to issue a winding up petition over unpaid water rates. The legal bill and costs LUFC are already liable for will be landed with be tens of times he amount owed. Blokes a Cnut.
Just part of the same argument. He is into us for £70mill and can convert equity into debt with a signature on a piece of paper (that's why ffp is a joke). This mad **** is milking us every week, pocketing money every week and when the house of cards crumbles he will leave us in a level of ****e even bates didn't manage. IMO.
Chesh you are almost right as long as Celino and Berylson remain at the clubs the debt owed to each of them causes no problem they are not going to take themselves to court for their own monies owed no risk of admin Difference being our chairman says and its true he has never taking a single penny out of our club yes his debt gets bigger but he just writes it off he can afford it and when he does sell the club he will sell it for its worth and count his loses if he ever decides to sell Your chairman is milking the club via his family running up a massive debt owed to his company and will want every penny of it back and more can you see the difference
