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

1.) 08 Apr 2014
I read in the guardian the FA have to approve the take over with a letter that they and MC both have to sign?

2.) 08 Apr 2014
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

3.) 08 Apr 2014
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.

4.) 08 Apr 2014
Could the answer be that GFH are not the holders of the 25% shareholding. (KB)?.

Last poster, you are right not to be convinced.

5.) 08 Apr 2014
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

6.) 08 Apr 2014
Last poster and previous.

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

They have sold a majority share slightly over 75% of the club to Massimo for around Â£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

7.) 08 Apr 2014
So, MC is about to take over a club with "Debts" in last financial year of 24 million. Is he right in the head.

8.) 08 Apr 2014
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

9.) 08 Apr 2014
SL.

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

10.) 08 Apr 2014
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.

11.) 08 Apr 2014
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.