So what's this all about if our great owners are as good as some believe Phil Hay ‏@PhilHayYEP1m Strange and concerning story in the YEP today as it emerges that GFH officials in Bahrain blocked the Ashley Barnes transfer last week. Phil Hay ‏@PhilHayYEPnow Story will be online soon. Appears that money was in place for £500k up-front fee but GFH refused to sign the transfer off. Not at all good
1 journalism doesn't always provide the full context 2 they are selling or have done and the higher up owning company may have blocked it 3 we have newer owners on the horizon
And in haighs words McD has their backing for whatever transfers he wants., providing they're free of course
Here is the full article from yepThe proposed transfer of Ashley Barnes from Brighton to Leeds United was blocked by senior officials at club owner Gulf Finance House, the Yorkshire Evening Post can reveal. The firm’s refusal to sign off the six-figure move last week saw a major target of manager Brian McDermott’s bypass Leeds and join Burnley instead. United are understood to have had cash in place to pay Brighton an up-front fee of £500,000 and were confident of persuading Barnes to reject Burnley’s offer in favour of signing a contract at Elland Road. But individuals with Gulf Finance House (GFH), the parent company of Leeds’ majority shareholder GFH Capital, objected to the signing despite the availability of funds needed to finalise a transfer. Bahrain-based Gulf Finance House is in the process of selling a controlling interest in United to a consortium led by Leeds managing director David Haigh but the Islamic bank is technically in charge of operations at Elland Road with the takeover still to go through. Haigh’s group, which includes Andrew Flowers, the managing director of United shirt sponsor Enterprise Insurance, have helped to finance United this season and claim to have invested around £6m into the club prior to the turn of the year. They also stated that transfer funds were being given to McDermott prior to completion of their buy-out, a deal which has been dependent on Football League approval and is now running into the second half of the January window. The influence of the consortium – operating under the name Sport Capital – suggested that GFH’s involvement in the running of United had significantly reduced but the dispute over Barnes and the failure to conclude a move which one source claimed was “as good as done” raises questions about high-level divisions at Elland Road with ownership of Leeds yet to change hands. United completed two signings last week, bringing Cameron Stewart in from Hull City and taking Jimmy Kebe on loan from Crystal Palace, but Barnes was prominent on McDermott’s list of potential signings and his switch to Burnley came as a frustrating setback. The Leeds boss looks increasingly likely to bid for Reading’s Adam Le Fondre with a new striker a priority and his squad are under pressure after four straight defeats, the most recent a 6-0 thrashing at Sheffield Wednesday last Saturday. A spokesman for GFH Capital was contacted about Barnes by the YEP last night but refused to comment. Sport Capital’s planned buy-out of Leeds is set to see Haigh, Flowers and two other backers acquire a 75 per cent stake in the club with GFH Capital retaining a minority shareholding.
Nowhere in that report does it say David Haigh is responsible for the deal failing. As sheldon says it was blocked by GFH for whatever reason. Rumours abound again on WACCOE site that another consortium is sat waiting to pounce. This is from the supposed ITK Boozie who has resurfaced there. Maybe GFH are talking to other parties and want a better deal? Wouldn't you?
Haigh is culpable. Did he not say takeover would be finalised in time for transfer window, then said transfers would not be affected? I stand corrected if he didn't. They have been affected because he has not finalised his takeover in the stated time. Why did he have to say anything until deal was done.
Please don't give Glory anymore ammo, unlike Bites your legs a gentleman he ain't............ As a side note, please clean shower after you use it.......
Well I notice that BillsStatue is abscent to day but is quoted in the media as having interviewed David Haigh. Haigh has told Gary that BMcD has funds to do deals in the transfer market, so who's lying, is it Haigh or is it Phil Hay I tend to believe hay and Ashley Barnes would now be a Leeds player if someone at GFH hadn't scuppered the deal
lol i love Leeds Utd but the words 'in up brewery a couldn't pish run a' (no pariculair order) come to mind.....
If Barnes was fantastic, i'd give a sh*t, but he isn't, and i don't. We bring in 2 decent wingers last week, which is a big part of what we needed. Rather strangely though McD puts them both straight in the team on Saturday, very odd decision. I like McD, but i have to say my trust in some of his decisions is waining recently.
My thoughts exactly and posted the same straight after the debacle. 2 new players arrive and thrown straight in. No chance to train or practice the new style/tactics and we get stteamrollered. Whos to blame? Austin, the players or the manager http://www.fansnetwork.co.uk/footba...o-has-mcdermott-got-the-transfer-funds-or-not http://roblufc.org/2014/01/16/ghost...unting-worried-leeds-support-by-rob-atkinson/
