Leeds Rumours Archive June 22 2012

22 Jun 2012 21:14:55
Bates is looking for ' investment ' not selling the club. Sorry for putting our everyones fire.. Am sick of ' hes signed papers, it will be announced tommorow.. ' will it f***. We will get investment, not new owners. The only way we will get new owners is when bates pops his clogs. Sorry guys! Am a life long leeds fan and i like this site, but people should wait for a good source such as the leeds website or 5-ky ports news MOT. And paddy kenny to sign one day next week.

LUFC JC

So how do you know, you are no different to the others. #just guessing.

Bates is indeed selling the club I had confirmation of this last night. Both Bates and his wife are ill and they are wanting to spend as much time together as they can.

"Am a life long leeds fan and i like this site, but people should wait for a good source such as the leeds website or 5-ky ports news MOT. And paddy kenny to sign one day next week"

Well done you manage to debunk yourself in the same paragraph you lied in.

FAIL ON CARLSBERG LEVEL.

Lifelong leeds too mate and I agree. 3 Good signings , 1 for 500k, got Bates smokescreen all over it, we may get kenny and we'll all be happy. But how much is maybe a mill against gradel, howsen schmi sales! he's having a laugh. Leeds forever, bates never. SLC

Obviously you dont know how things in business works leeds announced on the 30may investment talks taking place (investment means many things from full blown takeover to supplying new coffee machines in howards way)a mere investment takes a matter of 7 days leeds only released the press statement about investment is because lust forced his hand now ime not saying they foing to be complete any investment /takeover tomorrow but the clues was in the statement leeds is not a viable company to invest in because the statement said long term future stadium naming rights is not long term i know this because i own a business and i have ppeople invest in my business which took days i took over another business and that took months to complete

What's the point of a rumour site if we all sit and wait for SSN or OS. You said for people to wait for a good source before posting anything... what's your source on the deal only being for investment and the signing of Kenny next week?

Sorry I'm the previous poster, irrelivant to our pliat, if we beat italia..... and then beat ze germans hodgen will be a god!!!!

If you seriously think "investment" would take this long to process you are seriously mistaken! Also credible sources hmmm Phil hay yep writer close to club says its a take over at advanced but delicate stage LUST say its a take over Richard sutcliffs yp writer says its a take over I think you need to check your sources saying its "investment" a take over is clearly happening just don't know by who or when.

Dumbest post of the week,your slagging unfounded rumours off and doing it yourself,behave yourself.

You don't know anything more than any other fan does. So who are you to tell people to stop being optimistic and hoping for the best scenario for our club. At the moment nobody seems to know anything of great detail, so the best thing to do is be positive.

Just another person pretending to be a leeds fan, ignore the muppet

Miserable miserable miserable! People want a takeover so they are allowed to live in hope that it is! Your just another 'life long miserable fan!' its called leeds rumours so people can state watever rumour they wish! Dnt come on and read if you dnt wanna believe it! Bet you'd shut your mouth if it was a takeover wouldnt you! Get yourself a beer relax and wait for news old man.

Yes we all know nothing for certain, I am also sick of the "take over to happen today / tomorrow" senario, but also sick of the Paddy Kenny signing tomorrow, this week. It is the same thing, think people are just making up what they'd like to happen, and you have done the same thing Kenny to sign some day next week.

Bates must be selling
this has been going on since february/march time, after bates told potential investors to come forward & "put their money where there mouth is". he said this in february in a program or in an interview on tv or radio, i cannot remember the exact way he did it, but he did say this.
i agree with the post about investment, it would only take 2-3 or 4 weeks. this is a takeover, its gone on too long, and bates has taken his time, cos of the complexity of selling his/others interests in the club. he and others own the ground, thorp arch and all other things which are lufc. but because he has hidden away the details of all accounts, ownerships, and loans for ta, he has been very cautious of who he gives the details too. this being a massive job to someone who really wants to buy our beloved lufc. it's going to take time, look at reading and how long it took them to sort out, and i bet madlewski had something similar to bates, but not as complicated/convaluted.
we will have to be patient, sorry!!

NW would have walked if there was no investment of some sort. There are clear intentions to buy players and it must mean that money will be available soon.

22 Jun 2012 21:00:17
You heard it here first, we're being taken over by natwest and that's why they cpuldn't give out any money to anyone today

They couldn't give out any money because they haven't got any.

Haha people these days look for anything to use its so funny

I would rather have Bates as owner, rather than the government(they own RBS)
Well, we as tax payers own RBS.

22 Jun 2012 19:38:09
I have read @BatesOut who seems to be a good source that:

'Pre-agreement has been signed today! Will go through at the end of the month to coincide with staff wages etc.'

CW

Good souce like hp fruity not information source me thinks.

If this takeover happens it makes you think that a government could keep info about ufo `s quite

The government have never kept it hidden about extra terrestrial life, they have just conditioned us to be skeptical of everything that threatens our manufactured paradigm.

22 Jun 2012 19:34:18
Just some gossip for you! From my LUFC source!

Ken Bates has not contacted the club for over 3 weeks and his office has been cleared too!

Please don't flame me but this guy told me about Graysons extra-marital affairs long before it broke in media !

Mot

Probably having his office refurbished...money no object for his own comforts. lol

Of course bates not been at elland road in the last 3 weeks why would he be here after all he has court cases to attend and matches to attend in his meagre 90 days a year he is allowed at elland road

So didn't warnock Visit him recently or doesn't warnock count as 'the club'?

22 Jun 2012 18:03:15
Paddy Kenny transfer listed by QPR according to @Leedseditors on twitter.. {Ed013's Note - That was me mate}

22 Jun 2012 17:11:36
heard from the youngsters goalkeeper brad (my couisins best friend) that mccormack had him simon grayson by the neck just before he left so i cant see mcoormack going to simon graysons dirty team!
sam h true leeds fan!

Since i'm pretty sure you're just a kid, i won't be too harsh on you. but that is completely made up.

I have heard Ross and Simon didn't see eye to eye

Rosco didnt fall out with SG it was obrien as he was having an affair with his wife and thats reason behind him not wanting to play for us = his depression as well

Not sure about having him by the neck but rosco did not get on with Simon and did say publicly that Grayson going was good for leeds utd.

Out of interest, why is grayson's team dirty?

i personally thought that sacking him was the right move, but I have nothing against the guy

22 Jun 2012 15:29:01
Rumours abound re takeover just heard the kuwati is buying us and Warnock squashed press release as doesnt want players agents pushing prices through the roof. Was told end of last season Danny Murphy on way.
Seems hudersfuddle are wanting Mcormack and they just signed a kid from Palace today. Assume therefore their golden boy rhodes on his way !

Same old same old. Think we'll just have to wait and see who buy's us. Americans, Chinese, Germans, kuwaitis. Who's not had a go at buying us. I think it's Bob from down the road.

I thought this type of fantasy was meant for the banter page?

Just seen the Millenium Falcon parked at Elland Road - maybe the consortium is the Rebel Republic led by Luke Skywalker - That would be out of this world!!
PeteMOT

22 Jun 2012 14:38:01
Paddy Kenny just tweeted a pic of him on M62, now I know where the pic has been taken and it is en route to leeds so maybe he's on his way to speak to us or just some shopping who knows?

An hour earlier he tweeted a photo of his mum's birthday cake, and said it's for her 60th tonight!

My guess is that's what he's going to.

LUFC-Bob

On route to Halifax to see his family for the week-end no doubt

His family live in pellon , Halifax were I am from he is going to sign for Leeds 100% his dad Peter said this is 100% true he said he was sick of travelling up n down every week

It is 100% he was at elland road early this week

Yeah probably going to see his family in halifax i know a lad from work who speaks to his dad in lee mount club and he said paddy was coming to leeds about 6 week ago! hope its not true tho think lonners is a better keeper! MOT

22 Jun 2012 13:58:38
To put things straight, and from the inner circle of the club owners, there is no deal on the table. There will not be any takeover, only possible investment via sponsorship deals, stand naming ie: East Stand bring named after highest bidder, possibly Wetherby Whaler Stand or the like. The ice "rink" will become the new attraction to the site that will, in time become nothing more than a theme park/hotel/conference etc, where will Leeds United Football Club be? New stand.. ;)

Take over talk has gone on for too long now. If Bates doesn't sell or at least come up with 20 mill or so investment in the team I don't think anyone will turn up at ER until he has gone.

Yeh right of course you now someone close to ken bates invetsment ie stadium naming righsts dont take this long that only taked weeks not months foolish post yopu support forest or uddes ?

I personally think this is rubbish. If this was the case Mr Bates would have been spouting his usual propaganda and blowing his own trumpet rather than the deafening silence for the first time in 7 years.

So you saw the headline and made a story up ok lets me fill in the fact the ice rink is to be built on councill ground currently used as matchday car parking this is being built by the council

The East Stand is tied to Hesco Bastion until the end of the 2014/15 season. This might have an impact on naming rights for the stadium as a whole but if it is a stadium naming rights deal then I presume part of the negotiations will be either incorporating the existing Hesco Bastion deal or finding an agreement to settle with Hesco Bastion any monies they have already paid up front, either way your post is complete b******'s

22 Jun 2012 12:28:31
Woke up this morning expecting good news about a takeover. Then I recieved a call off a top source within the club. According to him a certain Fawaz al-hawasi (the kuwaiti linked with us last month) is fronting a saudi based consortium was set to arrive at ellaad road to finalisle a deal. The deal would of seen him/them have a 51% stake in our club. Then he hit me with, we recieved a phone call at 9 off X(the clubs lawyer) saying the hawasi group has pulled out. that was all we got. By the looks of it we was being used as leverage to get a deal with forest done. Basically he's said to forest if a deal isn't agreed by x date I will go and buy another club, in this case us! Rather peed off now.

Another wind up, come on guys at least try and make it convincing.

Sod him. If he doesnt want us, then why would we want him as our owner? Theres no point going from out of the frying pan into the fire with chairmen. Bates, as much as I detest his "Stalinist" approach to Leeds United, at least has kept us afloat, for this long.

Why would they ring just you!! who ever you are

Yes and the moon is made of cheese, what a load of B******s. MOT

Fawazi aint buying ino british football was a publoicity stunt and why would the club lawyer phone you and why dont ya sell ya story to the papers name ya source oh thats id alachol jog on

This news totally contradicts what I have heard form my own top sources at the club.

This and the post about the chap who went through Kieran trippiers inbox on his phone and read messages from Eddie Howe whilst in zante probably just edge it when we talk about the most pathetic and pointless, unbelievable post ever put on this site and boy has there been a lot! wouldn't surprise me at all if it were the same poster both times!

Grow up!
Scot MOT!

Ha as if, this is quite a pathetic attempt to wind people up.

You haven't even got his name right, its Fawaz Al-Hasawi. What a load of rubbish!

As someone who lived 20 years in the Middle East I can tell you that this Rumour is totally incorrect. There is no way a Kuwaiti would front a Saudi bid.

Bates has said all along that any party interested in either takeover or investment would have to supply proof of funds up front, that would mean lodging either cash or collateral with the Bank of England, absolutely no way anyone would go through all the hassle of that sort of commitment if he was only playing us off against someone else. I'm guessing you were still asleep when you woke up...

22 Jun 2012 12:07:43
Just been past Elland Road, Calendar News van outside....is today the day? {Ed013's Note - Maybe something to do with an ice ring being put there}

Not At 12.38 As i have a mate that works for brandon tool hire bang opposite and nothing did say wil let me know if things change will post if it happens

Were did you see it at pal as i have just been past and didnt see a thing

22 Jun 2012 10:56:18
Just doing my homework but, A business deal, is a business deal, is a business deal;

Taken from Companies house; accounts filed in 2011;

Cash at Bank : £597,000

Cash at bank and 'in hand' is the bank balance for LEEDS UNITED FOOTBALL CLUB LIMITED at the end date of the period the accounts were for.

-------------------------------------------
Net Worth : £3,583,000

A company’s Net Worth is calculated as Shareholders Funds minus Intangible Assets. £3,583,000 is from the accounts filed in 2011

-------------------------------------------

Total Current Liabilities : £15,316,000

The sum of Trade Creditors, Bank Overdraft and Miscellaneous Current Liabilities in 2011

-------------------------------------------

Total Current Assets : £12,058,000

The sum of Stocks, Trade Debtors, Cash and Miscellaneous Current Assets in 2011

--------------------------------------------

So why would anyone want to buy Leeds for 40/41 million? it just does not make any sense

Any buyer will be paying a premium on the basis of future anticipated profits or re- sale if the club reaches the Premier League.

It is the equivalent of a mega- rich gamble.

Spire White

The net worth of £4m is without intangilble assets ie the players, which are valued at £7m in the accounts, so that's £11m. The ground is worth (for argument's sake) £20m, but we have a fixed price of £11m, so another £9m. The business is profitable (if the a/cs are accurate) so add on hefty goodwill. Also, the takeover will be for the group including the Pavillion etc, so some more value there.
Also the a/cs are ayearold, so outdated - the building work and associated debts aren't in there. If we spent £7m and owed £5m there's another £2m.

The value of any company in a business transaction is essentially:

net worth + future profits + growth potential

So, for example, if you are selling a window cleaning business, it's worth a lot more than the cost of a bucket and chamois leather.

So you need to think about whether 40m is reasonable on that basis. My view is that given the TV money available in the premiership, the global fanbase of LUFC and the facilities already in place then £40m isn't as stupid as it sounds.

I agree i beleive a sale has been done but not at the money qouted

Don't forget Leeds United Football club limited, isn't the only company associated with Leeds United FC, Bates is rumored to own many companies making up Leeds UTD, is this why due diligence taking so long??

This answer to why would anyone buy for 40/41 million is simple... that which you have listed there is about 30/31 million and we make around 5 million pound profit a year = in 3 years you have made 5m profit...

Any valuation will be a combination of assets based valuation and earnings base valuation.

The valuation on an earnings basis will be based on future maintainable profits (before depreciation and interest), multiplied by an earnings multiple which reflects the quality of earnings and inherent industry factors. The deal will most likely be on a debt free and cash free basis so any legacy debt and surplus cash will be excluded also.

Having said that a valuation of £40m+ would encompass a significant level of goodwill based on our current profitabilty and balance sheet, however its justifiable in my opinion, saying as we are the MIGHTY LEEDS. MOT! Alan

There are several different trading names that LUFC use, Leeds United Centenary Pavilion Ltd, Leeds United Financial Services Ltd, Leeds United Football Club Ltd, The Leeds United Foundation and Leeds United Media Ltd, this is without mentioning any other company name that KB may have set up to avoid certain tax bills, only a fool would assume that a large football club trades under one name only.

22 Jun 2012 10:35:07
McCormack to Udders, £1m fee paid, no Rhodes in deal to us, he's going elsewhere, with the money being paid for him by unnamed club, Udders will be trying to prise Clayton AND Snodgrass! Heard it here first :(

So 19 goals in 1 season is worth £1 Million. Somehow i really dont think so.

Mcormac aint going to udders not while 3 premiership clubs are looking at him as soon as leeds accept an offer expect those 3 clubs to make an exact offer

Snoddy to udders? don't think so. Prem maybe def not bottom half of championship tho.

Yes very believable, bearing in mind Ross hated Grayson while they were at Leeds. He also constantly disagreed with him as he was getting dropped when in a rich vein of form. So its obvious out of all the clubs interested he would choose to go to Graysons Huddersfield haha.

Well Marvin Emnes is the subject of a £3million deal to Swansea.

So for a striker with one year left who has only had one decent season £1million is about right I think

Poor rumour. snodgrss is wanted by prem clubs why would he go to huddersfield

Ross mccormack will go for cheap if bates has anything to do with it yea delph went 4 6million but howson 1million kasper went for 1million read it last nite snodgrass should be sold he doesnt want to be here sell and bring in nathen redmond keep clayton he wants to stay sell all the players that dont want to play 4 leeds will just make this season harder

This poster talks crap, doesnt know anything, snodgrass not going anywhere,hasnt said he doesnt want to be here, oh,and where did you read it, in hte beano

Norwich fan here, Hope Ads gets on well with you as well as he did at Carrow road, you have a fantastic club servant there, Quick question, why did he turn down the chance to play in Cyprus and come to you ? (Snoddy) is coming here, good luck for next season hope you get promotion

22 Jun 2012 09:03:40
I have heard a rumour that there will be an announcement today, however I am not sure if its another signing or investment/takeover related, I've just been told to keep tabs on the website throughout the day.

I am a Leeds fan from Brighton, so I am hoping we get some good news soon in relations to investment/takeover to give the Brighton fans some s*** back from what I got when we lost at home to then last season. LUFC4LIFE M.O.T

I am also a leeds fan from brighton and recieved the same stick, so hope some more good news is on the way