"The £2m payment is only part of what’s been transferred to Leeds United to help with the running of the club and the signing of players. It’s around a third of the money GFH Capital has paid."
This gets funnier. GFH have basically "given" £4m to Bates in the Summer, with another £2m under the mortgage. Bates can pay off the mortgage with £2m of the £4m and he stuill has £2m in his backpocket as a "gift" from GFH. I am not convinced this lot are very savvy. If they really wanted to buy the club, they should have kept their money in their pocket and left their bid on the table. Instead, they have been played like kippers. Bates must be laughing his socks off Oh - the "source" in GFH? I wonder if Mr Haigh wiull put out another statement that "neither I nor any employee from GFH has spoken to the YEP"?
Paying £2m for exclusivity sounds about right, normally with a refund clause built in if talks fail. Not sure what the other stuff is YEP talk about, sounds like they're playing catch up with social media comments - again!
*tut*tut* a terrible piece of journalism - I am sure there must be an editor from the YEP who goes around the forums collecting snippets and putting 2+2 together and coming up with 6. I think they have probably been on YWBK's thread from yesterday, missed that the £4m Debenture was Compass Contract Services and thrown in the £2m mortgage to shares article.
There's a lot of negativity here. What if GFH did plough in £4m during the summer, and as YEP states, it is not in the books anywhere? LUST told us so and have been ridiculed by some. Now the YEP is saying so. Yet some of you still would prefer to believe it is rampant lazy journalism, nicking information from the social media. Some of you are just too quick to judge. Let it play out. How will you react if it turns out it was all true, and LUST had their finger on the pulse the whole time? Or will you say they were wrong because it was actually £4.0000001m instead of £4m dead? The value is irrelevant. The fact the club has had to have money pumped into it from external sources on a regular basis since Summer 2011 should be ringing massive alarm bells, and should be bringing the fans united to ask the questions, rather than having people constantly dig at the group that has the size to ask those questions
Pot > Kettle? - Negativity believing the club is bleeding an extra £6m in 4 months without taking into account money made from the Snodgrass sale. Negativity can be seen both ways, I call it some trying to scaremonger in order to prove their beliefs. I have lost count the amount of times people on here including the op have slammed the YEP as being lazy, garbage and even worse I can't believe people are now believing what they write, next they will be buying the Sun and believing all that is written. Oh and while I am at it forget the 'some' just mention me if you must Let it play out and when proven to be false we can all say I told you so. Fact? Have you uncovered hard proof evidence? I am not in the slightest bit worried about the clubs finances In seriousness - This is a typical case of believing what you wish to believe. The official site comes out with a joint statement, some wish to ignore that statement and say they are liars. The YEP prints something one day and it is tripe the next it is gospel. I agree with you Sheldon, allow it to pan out and see what happens. I honestly believe this is poor journalism, I hope it is because there is no way we should be getting through six million in a few months, it just doesn't make sense and my common sense is telling me it is a false story but we shall see.
Once again I have to say I'm not so convinced by your stance of "I refuse to believe it therefore it can't be true". I could also whip out another BS quote, this one only from a couple of days ago, where he claimed the £4m investment was yet more rubbish made up by LUST.
It's their own admissions ristac. I don't know why your eyes are closed. Summer 2011 - had to give away £3.2m of shares with promise of £4m when sold - ie needed the cash January 2012 - had to sell the rights to the next two years season tickets in advance cos needed the cash June 2012 - debenture with Compass - gets cash up front Oct 2012 - £2m mortgage with GFH Plus I 'm sure there is another set of mortgages and charges in the companies information you provided yesterday or the day before, plus I'm sure there is a £5m loan that I have not detailed, plus there is this £4m extra that is claimed as being pumped in by "the bidders" There are lots of facts that all aim towards the very same thing, and then there is just the dangling of a carrot of "journalism" that has not yet been proven of this extra £4m, but the past history suggests it is so I am VERY worried about the club's current finances. If you are not, I suggest you go on a finance course
So money changed hands with the June 2012 debenture with compass - LOL I suggest you read up what one actually is. Oct 2012 - GFH pay £2m for exclusivity rights, big deal, it proves they are serious nothing more nothing less. You dare say it is I that needs to go on a finance course. I can't believe you refuse to believe anything else but there you go... Just remember next time a story is published in the YEP and you call it crap journalism or when the OS publishes something and it is a crock of lies Honestly, the scaremongering by you lot with personal opinions, double standards and lack of concrete evidence is astonishing.
Why are we still in fighting? The fat lady is not even in the buillding yet, it will be weeks before she starts singing, and no one knows which tune will be heard. FFS we have done the pros and cons of GFH, Bates, LUST and "our sources" to death. Before the whole place dies a death can we not stop knocking lumps off each other with every half snippet of news and wait to see what happens?
It's news, I reported it. You're perfectly happy to jump in with every last anti-LUST statement but whenever anything is brought forward that goes against your view you brush it off as speculation.
I took on board the point (made by Jonie L.A I think) that turning the place into a war zone was not a good thiing nearly a week ago. I am not claiming any moral high ground here. But by posting that "news" it invites another round of cheerleading by both sides in the debate. Is there any purpose other than to score points? No. Especially as you posted it as a baited hook.
I'm happy to keep on chatting (debating/arguing/being a twat!) about stuff that is in the news regarding LUFC. I hope ristac will continue to do so aswell, often as a counterbalance. I hope we don't go down the route of stopping talking about it when there is something to talk about just because someone is sick of talking about things on a debating site (seems to be the wrong outcome of a debating site), and I hope we don't all end up having exactly the same opinion as we will just end up too extreme, feeding off each other. Plus it would mean I wouldn't have someone to laugh at when I'm proved right
