19 Apr 2014 19:32:33
Heard that before the takeover, LUFC owed Kingston Communications £22,000 and were about to have their internet services withdrawn.
Once the takeover was ratified, Cellino paid the outstanding bill and used Kingston at his new Leeds apartment which cost £750k and his sons apartment in Leeds.
Cellino obviously has the financial power to turn us back into a force again, but this just shows what a mess GFH were making of running our club.
Two wins, two clean sheets - MOT
Nothing shocks me with GFH, what a shambles I still think whoever allowed them to take over a football club 18mts ago with NO capital should be telling us WHY they allowed it to happen.
Someone is answerable
AndyMOT
750k? I'll assume that's a typo, even 700 quid would be extreme seen as it's a football club and not a business that relys on ultra fast downloads/uploads. Come to think of it, were getting screw-fuddled if we are paying thousands on ethnology infrastructure when we have no need, at all.
Demps
20 Apr 2014 06:36:46
In answer to the questions above - I asked the Football league to answer some questions and they say GFH showed proof of funding at the time of purchase. Clearly they either spent it elsewhere or gave up on funding us.
Demps - I think the £750k mentioned above was the cost of Cellino's Leeds apartment not a payment to Kingston Comms. Just badly written.
Nolansonline tks mate.
Yeh my friend had the same response from FA regarding funds.
We decided GFH were either lying or the FA was covering its own backside.
Why would GFH borrow money off Bates 6 months after buying us if they had funds and why would they head us towards ADMIN if they had funds?
Think we only know half of the way our club was run I'm afraid :(
AndyMOT
Why would anybody in Leeds use K.C. when they can simply connect with B.T or any other provider? K.C. have a ring fenced market market in Hull and E.Y. and have a reputation for being expensive.
Hi Ed I have bought this up before but is there no one in Authority than can investigate GFH? They have at best totally mismanaged our accounts which is strange with them being a bank? Or at worst they have stolen money from the club running up terrible debts which almost put us into Administration. Either way they must have lied to the FL making them not fit and proper to own a football club. MOT
{Ed013's Note - All they had to do was prove that they could run the club for a year. The day after acceptance they could then run the club into the ground and take what ever they want as long as the club is not in administration in that first year. The police are looking into it and will submit their report/findings to the FL, but other than banning them from owning another club in England I am unsure on what they could do. The Police will deal with any illegal matters, but I don't even think the remaining 25% could be taken away due to it belonging to different share holders unless they are guilty and that may change things}
Cheers Nolan, was under he influence when I wrote that so clearly read it wrong!
Gfh did have the funds and still do, with them been an investment bank the primary goal was to turns leeds from a "break even" club into a loss making club, so they could then loan them money and make a profit that way. That's of course when they realised we aren't getting promoted, which is where the original profit was coming from. It's practically robbery, conflicting interest, it was in their interest to screw up our finances. Thank god for cellino
Demps
Thanks for that Ed it just makes my blood boil to see what GFH have done to the club. Thank God for MC I just want them completely out of LUFC. MOT
{Ed013's Note - Its a shame once again that Leeds have wasted another season and must now start again. At least Massimo knows how to run a club}
Demps
I'm not saying your right or wrong as I don't really know who to believe anymore.
If GFH bought the club in late 2012 and asked PAPPA SMURF for a loan in early 2013 ( as bates himself he admitted in feb 2014 )
How the hell are they an investment bank?
All I can see is them borrowing millions off bates @ 10% interest and charging LUFC 20%
Only way I can see them making money but I'm no Einstein ;)
AndyMOT
{Ed013's Note - Andy, be aware mate you are not logged in again and in the next few days the system will only accept posts from registered users}
Ok the lady in charge at Kingstom Comms is called Leslie Bowkett.
Send her a message if you like.
Jeff
Tks ED I registered from day 1 mate a long ling tiling ago, I sign the bottom of a post when I'm using my iPhone and can't remember my password ;)
Keep up the good work ED and tks
AndyMOT
{Ed013's Note - ok mate}
Bill Halbert is the CEO of KCOM, therefore he is in charge. Lesley is not even on the board
Massimo is our saviour.a god. gfh were just robbin bar stewards
21 Apr 2014 19:20:34
Been at tonight's game and I can't understand it, as a team we have no width at all yet Cameron Stewart is sat on the bench, fairenough he's not the greatest but when we are 2-0 down he surely deserves a run out, Brian's selections are sh*t think it's time he left!