Leeds Rumours Archive July 10 2012

10 Jul 2012 18:17:40
Just looked at BBC archieves and KB bought Leeds (for the second time) on 11th July 2007. Rumours about an announced takeover anytime after midnight tonight sound plausible....
MOT SherburnWhite

Once again, this reference to 5 years after coming out of administration is a complete red herring. The "anti-embarassment" clause expired after June 2008 and the only other clause which applied to Bates winning bid in 2007 was �5M due to creditors if LUFC won promotion back to PL before 2017 - these are the facts as per KPMG letter to creditors back in June 2007

CTLUFC

Hopefly fingers crossed ,,,,forest have been taking over buy the kuwaiti family,?

Do you have proof of these facts? have you seen these letters to the creditors? i possibly think not.

am willing to change my mind if you can supply proof i.e a link or tell me where i can view them

Roblufc84

Rumours about an announced takeover are always PLAUSIBLE but until it finally becomes a reality it is just that - a rumour.

I too am hoping, believe me....

The 1st reply is absolutely spot on. This alleged rumour has been posted on here on numerous occasions over the last week and I have posted several replies along the lines of the 1 st reply. (ed please could you put the 1st reply verbatim on this site and tell people that there is no 5 year clause) any takeover that occurs on Thursday would be nothing more than coincidence

The first reply is spot on. The remaining debts are to be repaid if we reach the Premier League up to 2017. It is in the notes to the accounts. This is a public document and can be easily found on the Internet. There is not a clause that says we need to pay anything back if we are taken over so the date of any takeover is irrelevant.
Ed please can you put the link to the accounts on the site or a statement as requested by another poster repeating these factual comments (they are in the legal, audited financial statements) so that we stop getting these posts.

My maths isnt the best but surely having to pay a �5m debt for getting an extra �100m(ish) for reaching the prem makes this whole conversation redundant?

That is still a pretty significant increase in value to the LUFC business

However if anybody wants to take a fiver off me and give me �95 change i'd be more than willing see who is the happier?

Roblufc84 you can find the KPMG letter at www.mightyleeds.co.uk/pdf/season200708kpmgletter.pdf

CTLUFC

10 Jul 2012 18:09:19
Why has the paddy kenny news gone off sky sports news and website ?

Try hitting 'more' at the bottom of the transfer page twice, its old news mate.

Its still on,along with the news Notts Forest takeover is complete,wish ours was.

As of 9.30pm on 10th July 2012 it still is on the site

Probably cos its old hat and not news anymore?

Probably because he has NOT actually signed on the dotted line - otherwise it would be on the OS.

Probably 90% sorted out, but until it's on the OS it isn't done, despite what all the media are saying....

10 jul 2012 17:04:56
been looking at notts forrest rumours and their takeover is also supposed to be announced on the 13th july 2012. is this all coincidence or what??
their supposed buyer al hasawi mentioned nffc, lufc & warnock in the same sentence when he first announce his intentions to buy a championship club. i cannot see both takeovers happening on the same day?? be vary strange if it does!!

What are you getting at? if i was having a beer with you, id fall asleep!

Been announced on the local BBC news that it will be tonight that their takeover is confirmed.

Why are we still waiting, I know all good things come to those that wait, but..... how much longer ??

Nope, they've announced the takeover today.

JS LUFC

Confirmed as complete. News conference 14 July.
Warnock said last week that he had been approached about Forest job but turned it down.

Looks like you don't have to worry now. Forest have just confirmed their takeover is complete.

Forest takeover has been announced on the Beeb web-site.

Start of Ramadam and Muslim celebrations before month of discipline and new beginning. Its no wonder why Muslim owners are tying this in with the official start of pre season training. Its rather symbolic for them so its pretty understandable for them to seek this week as start. Forest and us have middle eastern buyers

That fact nw turned job down might be good thing and sign that leeds have got a real take over, that it has not fallen through and that they have money, forest have bigger history, better squad and now have money, nw wants one last promotion hurrar, so leeds must be getting money otherwise i think he would of walked. i know i would if not loyal to leeds as with out a take over and serious money the only way we are getting out of the championship is via the trap door....so could be good signs that we are on our way up

Forest takeover has been done just hope are's is soon m,o,t

10 Jul 2012 16:49:23
All this talk of an "anti-embarassment" clause appears confusing.

See http://batesipedia.x10.mx/cgi-bin/blosxom.cgi/Publications/Yorkshire%20Post/Administration?_start=61 which states that this clause applied up to the end of June 2008.

It goes on to say that if the club is sold within 10 years of exiting from admin AND the club wins promotion back to the PL, £5M is owed regardless of who the owners are at the time.

Here's hoping for an announcement sooner rather than later.

CTLUFC

I fail to see how 5 million pounds is the stumbling block some how. Especially when the money generated for getting promoted is 70 + million.

TeejLUFC

�5 million is small potatoes if you are promoted to the premiership. It would either be built into the purchase price or written off

Thats true although its better to pay �4.75m after the 5 yr deadline day (July 11th) than approx �27m before it, regardless of how wealthy the next owner is....Thats business!

At last someone posts the correct facts.
Anti-embarresment clause ran 12 months and the only other clause related to promotion to premier league within 10 years

10 Jul 2012 15:50:42
was speaking to paul dews today outside thorp arch. He said announcement to be made on the 11th july regarding take over. He mentioned something about 5 years since being in administration.
MOT!

I don't believe you at all. Let's see what happens tomorrow

Crmd

I know Paul Dews & there is no way he would disclose that info. Jog on

I'm not flat out calling you a liar. This might have happened. But If it had happened to me I'd have more than a 2 sentence statement to make about it. Plus I would have kidnapped Paul Dews and coerced the truth out of him !

I'll see what Paul says about this one.. he's getting popular as a name for bulls**t rumours from people that know f'all.

Why talk crap, why would Dewsy talk to you outside thorpe arch, get a grip man!

Paul Dews seems to talk to alot of different people, saying contradicting things to each of them.

The five years has naff all to do with anything mate.

10 Jul 2012 16:47:00
For the last time there is no significance to 5 years since administration.
Leeds have and always were liable to �5m over a 10 year period i.e. 2017

Thats great news,about time,did he say who it is or what time the announcement would be ?

Wow, brilliant, that's great news! Was that just before you spotted the Pope heading for the woods with a roll of Andrex?

Once again, the fiver year reference is nonsense. The extra payments due in case of promotion to the premiership last for 10 years, not five. Besides, Ken bought LUFC only a year ago, if you believe his hype.

Lets hope so,its what we've been waiting for...

SY BsE

10 Jul 2012 12:58:32
Paddy Kenny joining today. 500k ?

If u have agreed a fee for kenny how can u be talking bout a takeover because u can't spend money while the talks are ongoing

Because we sold clayton you can only spend money from sale of players whilst takeover is happening so why dont you worry about your own team MOT

Not true because while a club is is in due dilligence they can't sell or buy players get your facts right

The fact of the matter is that the investment / due dilligence is more than likely all done, and the only remaining act is to actually sign the contract and announce it.

People don't sign multi-million pound contracts and then organise a press conference in 30 mins to announce it to the world.

Official announcments and press conferences take time to organise properly, and if this is to happen in the next few days, chances are all of the due dilligence was completed days ago.

As Leeds are not listed on the stock exchange we have no obligation to announce anything officially, which would leave us completely in a position to spend any money the owners (whomever that is) like. {Ed001's Note - actually a press conference is either arranged the day before or even in the morning if it is an afternoon/evening one. Official announcements can be done within minutes.}

Well how have we sold Clayton then. Keep up sunshine.

To 3rd reply, if you can't buy or sell players during due diligence how did we manage to pull off the sale of Clayton?

You can actually do what you want during due diligence. Prevention of buying and selling players during due diligence would actually be illegal. The exclusivity period does not impinge on doing business, simply you can't start talking to other parties interested in buying the club during that time.

So was the Clayton transfer to Huddersfield something we all dreamt?

Can someone explain to me how we sold Clayton to Huddersfield then please if no purchases or sales are permitted during due dilligence? Thanks JamesC

10 Jul 2012 11:52:44
Goalkeeper Paddy Kenny looks set to join Leeds United as the Whites continue to build for the new season. The current QPR shotstopper, who has been heavily linked with Leeds, tweeted today (July 10): �Change of plan now not starting pre-season tomorrow but something else is happening at 1pm, oh I wonder what.�

Kenny joined Rangers after leaving Sheffield United in 2010, where he had been custodian for eight years.

The Halifax-born worked with manager Neil Warnock at Bramall Lane and Loftus Road.

The 34-year-old has been heavily linked with a move to Elland Road after QPR signed Robert Green.

10 Jul 2012 11:19:00
just heard from a very close friend with a few links to club that 2 big announcements today.

1, is on signings. 4 of them he says

and

2, well i can only dream that its true and we all know what that is....


Roll on 1pm

Cant see them announcing 4 new players in 1 day mayb 1 today n 1 tomorra n so on so on

Nowt on OS. You'd think they would announce on there if an important press conference was happening today. From looking over work collegues shoulders most other OS for different clubs announce if they are having a press conference, esspecially for something as big as you say it could be.

There will be nothing till tmoz at the earliest, P.Kenny having a medical Tmoz......MOT
MJB66

And 1pm came and went. I'm sick of these stupid rumors on takeovers

It's tomorrow, read Paddys tweet. Your inside info is really on the mark .....NOT, and you can't even read what other people have already said. The only "real" information we have is that Paddy is probably getting unveiled at 13.00 tomorrow, maybe with a few others, but the "others" are based on guessing and hope rather than fact.

Wrong on both counts, your friend is obviously not as important as he/she would have you believe

10 Jul 2012 11:03:20
As Leeds United await their impending takeover, the arrival of goalkeeper Paddy Kenny looks imminent.


The current QPR shotstopper, who has been heavily linked with Leeds, tweeted on Tuesday morning: �Change of plan now not starting pre-season tomorrow but something else is happening at 1pm, oh I wonder what.�

Meanwhile, Portsmouth boss Michael Appleton expects developments regarding Leeds United targets David Norris and Luke Varney this week.

Varney and Norris trained with Pompey yesterday (July 9) following their return to pre-season training.

Appleton said: �Their representatives are in discussions with various clubs and it�s just a matter of getting it over the line. It�s probably a couple of quid here or there to be sorted.

�I will be a bit surprised if they are still here beyond maybe Wednesday

10 Jul 2012 10:44:17
Paddy Kenny joining Leeds - must be one of the best kept secrets in football! White4Life {Ed045's Note - Agreed!

10 Jul 2012 10:15:19
Paddy Kenny just tweeted "pre season not starting tomorrow now because something else happening at 1pm,i wonder what"

We have signed a 34-year-old keeper on a 3 year contract. What a joke! There were plenty of good younger keepers released by Prem clubs on free transfers Brad Guzan at Villa, Tomasz Kuszczak at Man U Craig Gordon Sunderland Chris Kirkland WBA to name but a few. Surely anyone of those wound have made more sense {Ed045's Note - No pleasing some people, Brad Guzan, unproven vs top prem keepers, Tomasz Kuszcazk hardly featured, Craig Gordan proven in SPL only hardly any prem EXP, Chris Kirkland calamaty?.. Paddy proven constant player in the prem for a season, figured massively in promotion campaign for QPR and is trusted by a manager that has the joint most promotions in English football under his belt, keep the faith, or spread your gloom and doom elsewhere.

Well said ed045. Keep the faith, quality shot stopper, kept QPR in the PL last season, good pals with warnock and actually seems to be exited to come to the once glorious ell elland road. At least he wants to be here.

Good signing. Futures bright! MOT!!

- forever leeds

Unlike many other positions, keepers tend to see their best years towards the end of their careers. Look at Martyn vs Robinson for an example of where experience counts when leading from the back.

Van der Saar, James, Seamen, Jaaskelinen, even Sullivan all did well in their latter years. Younger keepers are prone to silly mistakes and often have misplaced confidence.

Personally, I think it's a great signing. He'll command his defence and his experience will be invaluable to the team.

Spot on Ed ... there's no pleasing some folk.

Couldnt agree more Ed, and as i remember rightly we inquired about Kuszcazk last season and he was up for a loan move but fergie wouldnt let him come to leeds. Kenny is only 34, bags of experience, and 34 isnt old for a keeper, pat jennings was still playing at 42.

I wish people would stop banging on about his age, Edwin van der Sar played for Man utd until he was 40, Brad Friedel still doing a job at 41, 34 is relatively young for a goal keeper!

Paddy is an animal great signing for us. the bulldog

Edwin van der Sar is a great comparison to Paddy Kenny

Nigel Martin was 30 when he signed for us. Paddy Kenny will be 35 in May

10 Jul 2012 10:13:32
Norris bid accepted from Sheff Weds.

If we are interested and had a bid accepted also, he would be daffed to go to wednesday.

TeejLUFC

We need a better and younger player than norris, let him go to wednesday.

10 Jul 2012 10:08:44
Alan Smith has signed for MK Dons.......
Thank you God.

Too true mate, didnt want him back and sick of hearing about it. This finally puts it to bed.

10 Jul 2012 09:43:00
Looking like today......

Paddy kenny‏@p20ddy

Change of plan now not starting pre season now tomorrow but something else is happening at 1pm, oh I wonder what. #cananyoneguess #

10 Jul 2012 08:06:42
Paddy kenny posted on twitter going for a run before training tomorrow which is whe Leeds go back to training

10 Jul 2012 04:53:01
regarding the takeover at leeds united i found out that ken bates bought the club back 5 years ago on july the 11th i belive and had an agreement with the creditors that if leeds wernt in the premiership or he dident own the club after theese 5 years he dident have to paay back all the money he did owe them so the takeover could be done on the 12th so the incoming investors could save some money. hopefully to be used on transfers MOT

On that case they can takeover on July 11th then, as the last day of Kens 5 years willbe today (10th)

Heard this rumour sometime ago and to be honest it does sound quite feasible, whether someone has plucked the 5 year thing out of the air or it is some legal expert that can see this remains to be seen, hopefully it is true and we can start the march together again.

Cribbed from a comment left by a nomark in the yorkshire Post. Hardly a reliable source!
pistols 50.

This is a load of rubbish, read the swiss ramble report to see anything to with with our finances its all there. I think, but don't quote me on it, its 2019 before we don't have to pay anything back

When will people actually check the facts before passing on rumours.
Must have posted this about half a dozen times on here - there is no 5 year clause.
The creditors are due �5m (now �4.75m) if Leeds United are promoted within 10 years of the date of exit from administration i.e. 2017.
It is nothing more than coincidence that an announcement is made on the 12th.
It has more to do with the current court case.