Leeds Rumours Archive April 08 2014

08 Apr 2014 19:41:39
Manchester City have released Reece Wabara, nothing solid but what are your thoughts?

{Ed013's Note - He had a chance to go to Leeds, instead I am sure he went to Doncaster and didn't look great}

Well done McDermott you've led us to another heavy defeat, you should be proud. Tactically you get it spot on every game, LOL. You are a joke. Everyone in the Championship are laughing their cocks off at you.

09 Apr 2014 00:24:01
This is not the kind of player MC would entertain at all! please let's aim higher, Markymafia

Scott Wootton has got to be one of the worst signings ever with Cameron Stewart, Every signing McDermott has made have been poor, Kebe, Zalukias, Hunt, Murphy, Stewart, Wootton, Butland, Smith. That sums McDermott up, CRAP Manager. Clueless.

There's is one on your list that does not belong there, that is Matt smith. To be fair he carn't score for toffee with his feet but with his head that another story.

09 Apr 2014 20:09:31
Smiths done ok might do better if he got some decent crosses .what exactly do people expect him to do when he's facing his own goal with the ball hoofed up by the keeper or back four and he has the opposition centre half on his back. He never gets any decent service or any protection from the referees

RS.

08 Apr 2014 19:03:57
Leeds interested in Newcastle winger Sylvain Marveaux in a 1.5 million pound deal.

He would be more an that. He would be amazing in this league

08 Apr 2014 18:37:32
Got to report.
Please don't get excited about any purchase of ER as the owner is in Israel for the Passover holiday.
Nobody has even tried to contact him as yet.
He's away for a couple of weeks and isn't taking any calls from today.
Jeff

Mr Bates is in Israel is he?!

And why should we believe this?
You said that MC would not pass test and would not be in the position he quite obviously is in!

And I guess that's why he was pictured at vicarage road talking to Brian McDermott

If Jeff says we NOT buying ground this week as owner is in Israel I'm having a monkey on MC buying ground today lol

Teak holding own eland road and rumoured to be own by a Manchester builder and ken bates

Timescale jeff? You have a lot of faith to reinstall so start now :p just don't take it to Harte though ;) get it terrible I know, because it's good having you on here! Thanks Harte of leeds.

08 Apr 2014 14:58:20
Just browsing tv and came across this nugget from LUFC accounts. "The highest paid director was paid a salary of £265, 449 and accrued a bonus of £440,000." I wonder what his bonus might have been had we actually achieved success over the last 12 months. Maybe he would consider waiving his bonus and taking Noel Hunt instead!?!

08 Apr 2014 17:22:31
That was Shaun Harvey apparently.

Why Noel hunt?
Do you know how much other players are earning?

Where previously Bates took nothing. Credit where credits due

Earning sweet FA but paid a lot

Fawksey

Well, I would like to see Massimo start kicking into touch these wasters who have selfishly embelished their roles and fattened up at our expense. I will support Massimo and have the utmost respect for the guy as he clears out Elland Rd and takes full control and responsibility. His money, his head on the block and if he does half a decent job its going to be 50% better than what we have seen so far.

It has been raised several times already, but people seem to ignore, that the accounts were for the period ending in March 2013. Therefore, GFH were only in 3 months. The Director paid was clearly Shaun Harvey and as for Bates, he did not take a salary LOL No he only took his expenses which was a massive contract to fly him back and forth from Monaco as well as lots of other costs he would have claimed i'd imagine.

Not saying GFH are any better, but let's be clear who was managing the business for the majority of that period and it was Bates. I imagine the bonus was paid to Harvey for a completing successful sale to GFH.

That's one of the ways GFH have taken money out- unless it was part of the severance payment to KB- as it appears they haven't paid anything for the club, just gave KB the ticket money, hence no income for last 2 years. Plus they are a bank, so charged interest = the loss! paid to them. It says income was £28m, but lost £9m?. Simply playing with numbers- GFHmade £9m, LUFC list £9m

07 Apr 2014 23:50:40
Massimo is now in control of the club as of tonight. This direct from his lawyers in London, Mishcon de Reya

I read in the guardian the FA have to approve the take over with a letter that they and MC both have to sign?

Could some 1 tell my why Gfh still hold 25% in the club because if I remember at school is 25% of zero is zero input

I agree with the second poster. I am concerned that the FL will try to delay the takeover until the judge provides her written reasons for the verdict.

I am not convinced we are out of the woods yet.

Could the answer be that GFH are not the holders of the 25% shareholding. (KB)?.

Last poster, you are right not to be convinced.

08 Apr 2014 12:15:01
If Cellinos running the club we will spend money but if Ken Bates is owning the 25% which is just a conspiracy theory then we won't go into debt and we can't grumble about spending money and not going into debt

Last poster and previous.

By my understanding;
GFH Bought us for around £50million

They have sold a majority share slightly over 75% of the club to Massimo for around £24 million plus the 7 he had already injected. This has been sold (again by what I've been informed) under the agreement that Cellino immediately sought to purchase ER & TA.

GFH are and investment group and have done us a favour by getting an owner I who really wanted the best for our club! The reason they have kept their share is because they think Cellino will get us promoted and the value of their share increase and return the rest of their investment. They've been running the club for a while and paid to outright buy it. For an investment they have made a substantial loss to date!
I mean they faffed about a bit in getting it across the line. But having ironed out the problems from previous regime we owe them a massive thank you.

Lets just hope that stands to be absolute fact!

MOT
SuffolkLeeds

So, MC is about to take over a club with "Debts" in last financial year of 24 million. Is he right in the head.

MC is a business man who has made more money than we can collectively dream of. For years we've been saying how good an investment LUFC is for someone. As a business man he's obviously realised this and thinks 24 mil of debt is a drop in the ocean compared to what we'll be worth if we go up. Leeds going up won't be like Norwich or Palace or Hull. The club can be a giant with the right backer and I hope it's him

SL.

Part of the sale also includes MC servicing the "Debt". Either MC is a "Hero" or totally deranged.

Every club in the premiership or football league is a good investment IF the right man owns the club. Its all relative. Why do you say like "Palace or Norwich or Hull", they are there, LUFC are not. LUFC debt at 24 million is not a drop in the ocean. That debt, this year will cost MC 56 million. That's the debt, the money to buy LUFC and the 7million he has so far put in. Then, at seasons end, because the finances do not comply with FFP rules, expect a transfer embargo at the very least.

Look at it this way. MC ( family ) have fortune of 1.3 billion euro, tad over billion pounds. NOW that's family ( not MC himself ). So he ain't in same league as Abramovich, Mansoor, or whole lot of others at Clubs. Crikey, there are others in Championship with equal wealth, or very close to it.
So I simply can't buy into this "Messiah" thing at all.