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20 Feb 2013 16:11:05
I regularly look at the Leeds rumours page and it amazes me how far and creative some of these rumours are, some of which have no logical sense!

There seems to be a lot of gossip and rumours about takeover, GFH, Ken Bates and proposed future planning - let me set the record straight for you all.

Ken Bates first of all and above all is a business man, he is not in nay business to make other people happy or even to leave any legacy, he has simply has been and will be about making money. The sale of Leeds UTD to GFH was pre meditated and masterminded in order to give bates controlling shares without public knowledge, you all wanted him out but he wasn't ready to go! Let me explain this further:

Control of the club and assets in the name of Ken Bates split into shares amongst other companies created offshore, Canary Islands and Gibraltar accounts held with domicility held in Monacco - all above board but created so that various accounts do not have to be publicised and tax purposes. A proportion of shares are then sold to a company created as an investment company with legal documents in place of having a Mr Bates as a Chairman (that way he can still claim for the private jet from Monacco to the UK under Leeds expenses amongst other things) and Mr Bates buying shares back into the holding of GFH capital! Remember its an investment company and if you wish to put money into one of their funds you will be entitled to be share and dividend payouts!

GFH have no money they are simply there to take the heat of Ken Bates and try and sell the club for a huge profit to a middle eastern, chinese or indian consortium.

In order to pay dividends out to shareholders you have to make a profit that's why we sell all our promising and best players and replace them with loan or cheap players!

GFH will continue to do this till someone serious comes in to buy at �100m plus! until then expect nothing more!

1.) I also read the posts, and some are logical nonsense, like the one above.

2.) Patronising in the extreme

3.) What a load of tosh! Bates has made his £ & is NOTHING to do with LUFC anymore FACT. GFH want to make their money from getting us back to the premiership - big incentive for them as they'll have a real chance of selling on for a massive profit then, but only then. JBo

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