"Crisis club" Leeds ? Piss right off.

[Easy 10]

This is what fucks me off. OK, they've offloaded Robinson, Smith, Viduka, Milner, Matteo, Barmby, Mills and McPhail. Despite this, Leeds still have debts of £50m, and yet look at their signings this summer:

Matthew Spring from Luton
Paul Butler from Wolves
Michael Ricketts from Boro
Julian Joachim from Coventry
Jermaine Wright from Ipswich
Daniel Cadamarteri from Bradford

In addition to this, they are currently negotiating with Mark Kinsella, Brian Deane, Steve Guppy and Craig Hignett, and they've offered Fulham £200k for Mark Crossley in the last week. Now you can argue the toss about whether these signings are actually any good or not, but at first glance they have the makings of a pretty decent team, certainly at this level anyway. The point is, they are £50m in debt and yet they are still bringing in players left, right and centre most of which we could only DREAM of having in our squad.

Not exactly the summer activity of a "club in crisis" is it ? While we are scratching around with unknown trialists from Hungary and Switzerland, good old Leeds are still signing up experienced Premiership pro's and promising youngsters.

And don't even get me STARTED on Leicester. Level playing field my arse.

 

[CHAPPERS]

Damn f***ing straight, Easy.

Well said.

 

[Uncle Buck]

I think the difference is players like Viduka were on 60k + a week. Most of these will not be. The majority are not likely to be on more than 10k a week, still a lot of money, but an awful lot less than the likes of Viduka, Mills, Barmby and Robinson. One of the main high earners left is Seth Johnson who if the myth is true is on 38k a week, as his agent did not get back to Risdale quickly enough, so they increased the contract offer.

 

[Marshy]

Pisses me right of too

 

[Easy 10]

I think the difference is players like Viduka were on 60k + a week. Most of these will not be. The majority are not likely to be on more than 10k a week, still a lot of money, but an awful lot less than the likes of Viduka, Mills, Barmby and Robinson.

But even that should be completely out of Leeds's stratosphere right now with the financial mess they are in. I would be creaming my pants if we'd made half the signings they've managed to make this summer, and yet we are in nothing like the debt they are in. They have no RIGHT to the players of the calibre they are managing to acquire. Leeds have been one of the worst run clubs in the entire English professional game, they have been an absolute JOKE for the last couple of years, and yet with the players they are bringing in, I bet we get dicked home and away by them.

Whats the point of trying to run a club on a shoestring, when clubs like Leeds can ride roughshod over the lot of us with f***-all in consequences ? Its just a sick joke how the likes of Leeds and Leicester basically take the piss out of other clubs who try to get by within their means. I'm beginning to think the likes of ourselves, the Rotherham's and the Walsall's of this world are mugs. We're going about it all the wrong way.

 

[brighton rock]

leeds are 130 million in debt thats why they still need to sell their ground

and i agree they should not be able to buy like they are.

 

[(was)DBS]

But they are, different rules for the so called 'BIG' clubs.

 

[Dancin Ninja BHA]

Pisses me right of too

Its the way of the (footballing) world unfortunately

Leeds ARE a big club and will always be able to attract bigtime players, despite their current debts

If their creditors are not banging on their door demanding their dosh, more fool them

Until we have Falmer we are a micky mouse club, simple as that, and won't have the money to attract decent players to take the club forward

Sad but true

 

[Uncle Buck]

But even that should be completely out of Leeds's stratosphere right now with the financial mess they are in. I would be creaming my pants if we'd made half the signings they've managed to make this summer, and yet we are in nothing like the debt they are in. They have no RIGHT to the players of the calibre they are managing to acquire. Leeds have been one of the worst run clubs in the entire English professional game, they have been an absolute JOKE for the last couple of years, and yet with the players they are bringing in, I bet we get dicked home and away by them.

Whats the point of trying to run a club on a shoestring, when clubs like Leeds can ride roughshod over the lot of us with f***-all in consequences ? Its just a sick joke how the likes of Leeds and Leicester basically take the piss out of other clubs who try to get by within their means. I'm beginning to think the likes of ourselves, the Rotherham's and the Walsall's of this world are mugs. We're going about it all the wrong way.

I am not saying it is correct and I cannot be bothered to argue with you, but by decreasing their wage bill, coupled with their parachute payments they have obviously created enough leeway to be able to bring in some players. With debts as bad as they are the bank is unlikely to close them as they will see bugger all of the money owed beyond the ground as on the playing side they have little left in the way of assets.

My guess and I doubt you will like this is, that Leeds will start the season, if they are going well and looking a bet to go up, they will remortage / sell the ground to keep them going. Once up the Sky money etc should see them OK. If in October / November time they are going no where, they will call in the receiver, swallow the 10 point penalty and do a Leicester with the debts. Then the following season they will still have a parachute payment to come and the plan will be to get back in the top flight.

The problem could be if they are struggling, they will not be able to afford the points deduction, hence why they have brought these guys in.

 

[JJ McClure]

A club that badly run and in that much in debt should have a transfer embargo placed upon it. Any money coming in from the sale of players etc should be used to pay off the creditors and reduce the debt.

 

[Albion Dan]

Have Leeds actually gone into administration? If not then they can do whatever they like I suppose. If they are overspending then theyll end up bankrupt. We could spend that sort of money but itd hardly be very wise would it.

 

[Easy 10]

leeds are 130 million in debt thats why they still need to sell their ground

£50m, £100m, £130m, all depends which is the latest report you read really I suppose. The BBC today quoted the debts at £50m, but it all makes f***-all difference anyway. Leeds have had a clear-out of some of the big earners and the deadwood, and are now busily assembling a squad to challenge for promotion straight back to the Prem, while the rest of us try to scrape a squad together that will somehow be able to compete with the likes of Leeds United on the pitch this season.

Debt makes no difference. We are the mugs for trying to operate within our means when others survive and prosper at our expense. It reeks.

 

[brighton rock]

i think leeds creditors know that leeds need to go up again if they are going to get any off their money back,so they let the club add a little more to the debt.

 

[Reading Posh]

Have Leeds actually gone into administration? If not then they can do whatever they like I suppose. If they are overspending then theyll end up bankrupt. We could spend that sort of money but itd hardly be very wise would it.

Calm down Easy.

Leeds have only just re-negotiated their debt. As part of those negotiations there would have been strict operational/financial guidelines for the board to work within.

The lenders want a successful business going forward, only fans hoping that three teams will finish below them will be disgruntled

 

[Easy 10]

I am not saying it is correct and I cannot be bothered to argue with you, but by decreasing their wage bill, coupled with their parachute payments they have obviously created enough leeway to be able to bring in some players. With debts as bad as they are the bank is unlikely to close them as they will see bugger all of the money owed beyond the ground as on the playing side they have little left in the way of assets.

My guess and I doubt you will like this is, that Leeds will start the season, if they are going well and looking a bet to go up, they will remortage / sell the ground to keep them going. Once up the Sky money etc should see them OK. If in October / November time they are going no where, they will call in the receiver, swallow the 10 point penalty and do a Leicester with the debts. Then the following season they will still have a parachute payment to come and the plan will be to get back in the top flight.

The problem could be if they are struggling, they will not be able to afford the points deduction, hence why they have brought these guys in.

I'm not going to argue with you at all U B, in fact I think you are spot on. And you're right, I don't like it at all.

 

[Soton Seagull]

I'm in debt, yet I still buy stuff!

 

[Dancin Ninja BHA]

People talk about competiting with Leeds on a "level playing field"....but football has never been like this, the clubs with the money invariably are strongest

Do you think teams like Spurs/Charlton etc are happy with the Russian Revolution at Chelsea? That's hardly fair, but teams just have to get on with it

We can't compete with Leeds/West Ham/ Leicester etc at the moment, we have to set our sights on teams like Crewe, Rotherham, etc

 

[Marshy]

I think its funny in a way, as they are going to be suprised how difficult it will be for them to get out of the division.

The players they have bought are not good enough to do that in my opinion.

 

[Easy 10]

Calm down Easy.

Leeds have only just re-negotiated their debt. As part of those negotiations there would have been strict operational/financial guidelines for the board to work within.

AAAAhhhhhh, ok. Well THATS alright then. As long as they are working within strict operational/financial guidelines then of course everything is fine.

So these "strict guidelines" include signing eight or nine players with Premiership experience. Marvellous. How I wish the Albion could work to such similarly "strict operational/financial guidelines" as that.

Thanks R P. I have calmed down considerably now. And I'll be even calmer when the excellent Kinsella (Republic of Ireland international) beats three of our players, releases Guppy (England) who then skins Mayo down the wing, and pulls it back for Ricketts (England) to bury a header past Roberts. I shall stand up and heartily appllaud their strict operational/financial guidelines which enabled them to bring these players to Leeds, despite being £50 / £100 / £130 million in debt (delete as applicable).

 

[Uncle Buck]

I think its funny in a way, as they are going to be suprised how difficult it will be for them to get out of the division.

The players they have bought are not good enough to do that in my opinion.

Just about all the ones listed at the top of the thread have won promotion from this league at some point, except the Luton lad. I think like the Hammers they are more likely to come unstuck as they feel they should walk this division.

Anyone know who is their keeper this year?