Official TOMA (Take Over My Arse) thread

HarryofOz · Post by **HarryofOz** » Tue Nov 13, 2012 9:55 am

Guildford White wrote:
Just my imagination Harry

- nothing wrong with an active imagination

becchio bear · Post by **becchio bear** » Tue Nov 13, 2012 10:06 am

HarryofOz wrote:
- nothing wrong with an active imagination

I agree - mine gets very over active

Martyn · Post by **Martyn** » Tue Nov 13, 2012 10:12 am

Get a room you two!

HarryofOz · Post by **HarryofOz** » Tue Nov 13, 2012 10:25 am

We would but Bates sold the only decent one left and Warnock replaced it with a second-hand tent that was full on holes which he didn't use anyway and claimed to be short of tents.

ldsutd · Post by **ldsutd** » Tue Nov 13, 2012 12:25 pm

Dr.Leeds wrote:
It will be closed today after the takeover has been announced.

That's the funniest thing I have read in ages thanks.

Sofa Head · Post by **Sofa Head** » Tue Nov 13, 2012 12:32 pm

Guildford White wrote: ... any CD left in a car for a sufficiently long time becomes Queen's Greatest Hits...

I love this, GW.

I'm definitely stealing it for use elsewhere!

Martyn · Post by **Martyn** » Tue Nov 13, 2012 12:54 pm

Sofa Head wrote:
I love this, GW.

I'm definitely stealing it for use elsewhere!

It's OK mate, I stole it myself - the original is in Terry Pratchett and Neil Gaiman's Good Omens.

any cassette left in a car for more than a fortnight magically transforms into The Best of Queen.

Dr.Leeds · Post by **Dr.Leeds** » Tue Nov 13, 2012 1:02 pm

Guildford White wrote:
It's OK mate, I stole it myself - the original is in Terry Pratchett and Neil Gaiman's Good Omens.

any cassette left in a car for more than a fortnight magically transforms into The Best of Queen.

I was trying to place it myself. I was thinking Douglas Adams or one of the earlier Red Dwarf series (when it was funny) but Pratchett is right of course.

MeeTa · Post by **MeeTa** » Tue Nov 13, 2012 2:24 pm

Exclusivity period for GFH ends night to thursday, will be an interesting day i reckon

Wolfetoneleeds · Post by **Wolfetoneleeds** » Tue Nov 13, 2012 2:40 pm

MeeTa wrote:Exclusivity period for GFH ends night to thursday, will be an interesting day i reckon

Night to Thursday???
Interesting my arse!!!

MeeTa · Post by **MeeTa** » Tue Nov 13, 2012 3:35 pm

Wolfetoneleeds wrote: Night to Thursday???
Interesting my arse!!!

It can be if anyone els besides GFH wants to buy Leeds, and then we'll have to wait another 4-5 months for them to get the things in order and then were a league 1 side. I would consider that as interesting

Crude · Post by **Crude** » Tue Nov 13, 2012 4:40 pm

Sofa Head · Post by **Sofa Head** » Tue Nov 13, 2012 10:04 pm

Guildford White wrote:
It's OK mate, I stole it myself - the original is in Terry Pratchett and Neil Gaiman's Good Omens.

any cassette left in a car for more than a fortnight magically transforms into The Best of Queen.

Ah, right. Thought it was too good to be you.

The Subhuman · Post by **The Subhuman** » Tue Nov 13, 2012 10:35 pm

Sofa Head wrote:
Ah, right. Thought it was too good to be you.

you're new here...what you thought the rest of us already knew...

Martyn · Post by **Martyn** » Tue Nov 13, 2012 10:42 pm

Sofa Head wrote:
Ah, right. Thought it was too good to be you.

Dead right mate!

At least I acknowledge my plagiarism

The Subhuman · Post by **The Subhuman** » Tue Nov 13, 2012 11:57 pm

Guildford White wrote:
Dead right mate!

At least I acknowledge my plagiarism

first step on the road to recovery

Martyn · Post by **Martyn** » Wed Nov 14, 2012 5:29 am

From The Guardian

The Middle East private equity firm bidding to buy Leeds United has released accounts which state it does not have the cash to meet its current commitments and which cast doubt over its ability to survive as a going concern.

The Bahrain-based Gulf Finance House (GFH), whose subsidiary Gulf Finance House Capital (GFHC), based in Dubai, is in exclusive takeover negotiations with Leeds' owner, Ken Bates, is selling assets to repay money which it owes, its accounts state.

GFH's auditors, KPMG Fakhro in Bahrain, warn that the GFH group's ability to meet its financial obligations depends on selling assets in time.

"These factors indicate the existence of material uncertainties which may cast significant doubt about the group's ability to continue as a going concern," the accounts state.

The GFH accounts, which include the finances of GFHC and all the firm's subsidiaries for the nine months to 30 September, do show the group making a profit of $7.5m (£4.7m), achieved principally by settling some financial liabilities.

However, KPMG Fakhro stated in its extended warning that: "The [GFH] group had accumulated losses of $293.76m and … its current contractual obligations exceeded its liquid assets.

"As a result the ability of the Group to meet its obligations when due depends on its ability to achieve a timely disposal of assets."

A spokesman for GFHC pointed out that, despite the difficulties described by the accounts, they showed $37m cash in GFH's bank. The group's assets amounted to $833m and, although this does not mean GFH has adequate cash now, some of those assets are being considered for sale. The spokesman said: "There is no doubt that GFHC can go ahead with this deal to buy Leeds United."

GFHC is thought to be contemplating paying £44m for Leeds, who slipped to 18th in the Championship on Saturday following a 6-1 home defeat by Watford. Such a sum is certain to deliver a substantial personal profit to Bates, who owns 72.85% of the club via a company, Outro, registered in the offshore tax haven of Nevis in the West Indies. Bates himself is resident in Monaco as an exile from paying UK capital gains tax.

GFHC has already paid £2m into Leeds and is promising up to £8m further to invest in the January transfer window if the deal goes through. Its period of exclusive negotiation ends this Thursday, 15 November, but a GFHC source said the firm then has a "lock in" period within which it can conclude the deal.

In the accounts the auditors state that GFH has had to renegotiate several tranches of its borrowings and issued shares to raise capital.

"To further address the liquidity issues, the management has put in place an asset sale and liquidity plan to … support its operations and repayment of the Group's obligations," the accounts state.

While KPMG Fakhro included its stern warning that GFH's need to sell assets amounted to "material uncertainties" that it considered may cast doubt on the group's "ability to continue as a going concern", the accounts say the GFH directors were "satisfied" with their plans to deal with the financial challenges.

The GFHC source said the takeover talks are at an advanced stage and the firm has proved to Bates that the money is there to conclude the deal. That was confirmed by Leeds in a statement on 26 October, when Bates said the takeover discussions were "in a good place".

Last week the Leeds United Supporters' Trust issued a statement expressing concern about GFHC's bid and questioning if it had sufficient money available. The trust said there are "other parties" with "the resources necessary", which are interested in buying Leeds.

HarryofOz · Post by **HarryofOz** » Wed Nov 14, 2012 7:09 am

Oh goody

barryanorak · Post by **barryanorak** » Wed Nov 14, 2012 8:49 am

radebe88 wrote:FFS, how does it take 5/6 months to realise you lost $293.76m and cant afford to buy a football club. Goodbye take over and goodbye championship football. Everyone knows i am a positive Leeds fan but we have well and truly "had it" relegation here we come

Hold yer 'orses...

http://www.yorkshireeveningpost.co.uk/s ... -1-5125991

herefordbornleedsboy · Wed Nov 14, 2012 9:56 am

Cant Bates, GFH etc do exactly that... GFH (go f***ing home) wish there was some way the supporters could take over because I genuinely think us fans would do a better job.... Cannot wait til the TOMA thread closes because it's become a pit of despair and optimism, seems like they are all in this together to bring Leeds down even further, F off out of our club filthy parasites....