GHF only get any money when we get to the prem,as being in the prem is said to be worth £170 million the relative small amount we owe them is nothing.And Eleanora sports is just the Cellino's business name,he owes himself and is mostly Assets in Leeds.
The club has been open for sale offers for a long time,just no one with any money,your mates but they don't have any cash.
Cellino let it be known he was staying in November and the club wasn't for sale, now it's for sale again..... So are yo wrong, did Cellino lie, or did something change? Answers 1 and 2 could both be true.
Chesh, you could be right but I'm sure I read that we are paying back a loan to GFH of 30 million until 2030 or something. As for Eleanora, Leeds United owe the loan, so club 'profits' each year will service them. If Cellino sells he will want the remaining amount of the loan paid up by the new buyer, which massively overvalues the club. Either way the club own the debts.
Perfect post after the first five words.... There is not a hope in hell of Chesh being right in Cellino and his finance model at LUFC.
No Cellino sorted GFH loan so we only pay when promoted and Eleanora's loan which is mostly converted to equity in the club.When we go up the increase in club value will cover both.
Sure the loan fom Eleanora was 42 million, seven of which was converted to equity. I'll bow to your better knowledge on the GFH deal as my old memory isn't that great but it's an odd deal for them to strike as there's no guarantee we'll ever get promoted.
What exactly are you expecting to find posted here? Perhaps you should vacate to the Leicester board on a permanent basis if you don't like the chat here?
