Investment

Leeds United news here, transfer rumours, club affairs, players, fans, etc.
Specific match discussions should go in the category below.

Re: Investment

Postby isrodger » 11 Jan 2020, 12:28

As I am sure most of us have heard the club appears to be edging towards an agreement with QSI to acquire the club. I understand people’s political concerns, that aside, the acquisition will be tremendously positive in terms of investment in infrastructure (which falls outside FFP legislation) & investment on the field.

I have been somewhat critical of Radz lack of investment in the club. The reason why possibly people have been confused by the club's comments last summer that outgoing transfers were due to FFP, is that when the Club says it has taken decisions due to FFP it doesn't necessarily mean this was because losses are exceeding £39m. I believe it means that decisions are due to our owners being unwilling or unable to meet their obligation to buy shares. In defence of Radz - his ability to fund the club is complicated as we have dual ownership, he is subject to a share agreement with 49ers which makes it difficult for Radz to solely buy new shares because their value is wiped out by the "share ratchet agreement" with the 49ers, which he foolishly (in my opinion) signed up to when taking their pieces of silver.

The agreement appears to have hamstrung the club, partly in terms of investment and as regards its sale on the terms Radz ideally would wish. Ultimately it may now be the catalyst for sale.

Additionally there is also the added complication on the QSI side of the ownership of PSG (when we’re in the champions league) - which might mean we could be owned under a different structure.

Ultimately I believe the deal is agreed in principle, there wi be posturing however the deal will be done.
isrodger
Howard Wilkinson's military attaché
 
Posts: 4177
Joined: 25 May 2009, 09:57

Re: Investment

Postby johnnysmiles » 11 Jan 2020, 14:03

Personally I think QSI want to buy and are probably keen to buy now, but Radz is probably waiting to see if we get promoted first as he'll get a better price...

I also think that he planted a story in the Italian press last week about that guy who owns Roma or Napoli (I forget which) being keen to buy Leeds... it's always a good idea to have more than one potential buyer to drive up the price...
johnnysmiles
George Graham's Crombie cleaner
 
Posts: 352
Joined: 26 Dec 2017, 00:56

Re: Investment

Postby NottinghamWhite » 22 Jan 2020, 12:45

User avatar
NottinghamWhite
LUFCTALK Admin
 
Posts: 27157
Joined: 11 Nov 2009, 10:10

Re: Investment

Postby NottinghamWhite » 27 Jan 2020, 12:36

Makes you wonder where all the money is coming from :roll:
User avatar
NottinghamWhite
LUFCTALK Admin
 
Posts: 27157
Joined: 11 Nov 2009, 10:10

Re: Investment

Postby White Knight » 27 Jan 2020, 14:25

NottinghamWhite wrote:Makes you wonder where all the money is coming from :roll:


Signing on money from Adidas?
White Knight
Jimmy Armfield's cardigan knitter
 
Posts: 1277
Joined: 01 Aug 2015, 22:37

Re: Investment

Postby Daz5 » 27 Jan 2020, 16:41

Player sales do !!!
Daz5
Allan Clarke's tissue supplier
 
Posts: 469
Joined: 12 Jul 2015, 10:31

Re: Investment

Postby isrodger » 28 Jan 2020, 05:53

NottinghamWhite wrote:Makes you wonder where all the money is coming from :roll:


The answer is apart from a fee for the young keeper & loan fee/wages for JKA we have actually spent very little on transfer fees, this window or last. We raked in net circa £30m in the summer, some of which will be deferred, however there should have been a significant cash surplus.

Additionally a facility for a loan of circa £30m was taken out approx 2 weeks ago. A charge was registered against amongst other things Lufc & the Ground. It may have been used to fund aspects of our latest foray or to fund losses at Eleven Sports. There are also even rumours it may be used to buy out the 49rs to facilitate a potential sale to QSI.
isrodger
Howard Wilkinson's military attaché
 
Posts: 4177
Joined: 25 May 2009, 09:57

Re: Investment

Postby EastYorkie » 28 Jan 2020, 18:25

isrodger wrote:
NottinghamWhite wrote:Makes you wonder where all the money is coming from :roll:


The answer is apart from a fee for the young keeper & loan fee/wages for JKA we have actually spent very little on transfer fees, this window or last. We raked in net circa £30m in the summer, some of which will be deferred, however there should have been a significant cash surplus.

Additionally a facility for a loan of circa £30m was taken out approx 2 weeks ago. A charge was registered against amongst other things Lufc & the Ground. It may have been used to fund aspects of our latest foray or to fund losses at Eleven Sports. There are also even rumours it may be used to buy out the 49rs to facilitate a potential sale to QSI.



https://www.yorkshireeveningpost.co.uk/ ... al-1378273

Clearly there isn't a big cash surplus. Basically Leeds and Radz are right to the limit with what FFP allows you to do. As to why this is the case then the article hints that its to do with the fact that the cost of salaries has doubled since Radz took over. Until the accounts are out in April I really can't comment any further. Looks like Radz is 'all in' in terms of FFP though.
EastYorkie
Paul Heckingbottom's career advisor
 
Posts: 132
Joined: 05 Nov 2017, 20:55

Re: Investment

Postby Davycc » 21 Feb 2020, 10:34

Leeds United's hopes of a big money takeover in the summer appear to be in jeopardy, after QSI and Paris Saint-Germain chairmanwas charged in relation to a TV rights corruption scandal. (BBC Sport)

https://www.yorkshireeveningpost.co.uk/sport/football/leeds-united/leeds-united-big-money-takeover-jeopardy-potential-investor-faces-charges-whites-keeper-deal-hopes-hang-promotion-championship-gossip-1885626?page=2
All at Amazon Books

The Funny Corner
When Santa Got Stuck Up The Chimney
The Thrones Murders
User avatar
Davycc
LUFCTALK Moderator
 
Posts: 12003
Joined: 03 Aug 2011, 18:09
Location: Under a thumb

Re: Investment

Postby ilkley62 » 21 Feb 2020, 10:41

Davycc wrote:Leeds United's hopes of a big money takeover in the summer appear to be in jeopardy, after QSI and Paris Saint-Germain chairmanwas charged in relation to a TV rights corruption scandal. (BBC Sport)

https://www.yorkshireeveningpost.co.uk/sport/football/leeds-united/leeds-united-big-money-takeover-jeopardy-potential-investor-faces-charges-whites-keeper-deal-hopes-hang-promotion-championship-gossip-1885626?page=2



Does anyone really think it would happen anyway?

Secondly, great news as all the squad now know they will get a chance to play in the PL if they get promoted :D
User avatar
ilkley62
Allan Clarke's tissue supplier
 
Posts: 422
Joined: 01 Aug 2015, 22:55

PreviousNext

Return to LUFC TALK

Who is online

Users browsing this forum: No registered users and 13 guests