TOMA 3 (!) This summer???

Emsley · Post by **Emsley** » Wed Mar 20, 2013 3:37 pm

Club statement.
http://www.leedsunited.com/news/2013032 ... 85_3116320

Edit: Still saying the same thing, long haul, looking for investors, not wanting to sell majority stake.
They are fattening up the club to sell on the market.

mav · Post by **mav** » Wed Mar 20, 2013 4:13 pm

TBH what they have done so far suggests wanting to be around for a while rather than running with profit.

if they have paid £21 mill for the club and have put in twice plus the few players they have bought (summer was them too) they would need to get close to £40m for the club to make the £7m profit some claim.

it makes more sense they are looking to bring someone else in (minimise risk) then have a reasonable (not a spending splurge) push for the prem before looking to sell.

Crude · Post by **Crude** » Wed Mar 20, 2013 4:35 pm

Much ado about nothing. How refreshing it is to say that regarding the ownership of the club for once? Eight years of the con-man-in-charge has raised the pessimism level to new highs among the supporters.

mav · Post by **mav** » Wed Mar 20, 2013 4:38 pm

Crude United wrote:Eight years of the con-man-in-charge has raised the pessimism level to new highs among the supporters.

this.

we all presume all owners are crooks due to Papa Smurf.

Twiggster · Post by **Twiggster** » Wed Mar 20, 2013 7:02 pm

A lot of mixed messages being thrown out to the media, re GFHC. I found THIS article interesting.

Emsley · Post by **Emsley** » Wed Mar 20, 2013 7:22 pm

They pulled it twiggs.

Twiggster · Post by **Twiggster** » Wed Mar 20, 2013 8:08 pm

OK - try THIS from Reuters, earlier.

Twiggster · Post by **Twiggster** » Wed Mar 20, 2013 8:13 pm

@TSSLUFC 1h
Almost sounds like GFH are selling the club without telling GFH-C. As I've yelled at our defence on many occasions "communicate FFS!"

Twiggster · Post by **Twiggster** » Wed Mar 20, 2013 8:38 pm

Parkin huh? Reuters update HERE

The Subhuman · Post by **The Subhuman** » Wed Mar 20, 2013 10:08 pm

10 mill to boost the playing squad...where did that go?...

all smoke and mirrors isn't it ...we all know players in was mostly self financing..

Martyn · Post by **Martyn** » Wed Mar 20, 2013 10:11 pm

faaip wrote:10 mill to boost the playing squad...where did that go?...

all smoke and mirrors isn't it ...we all know players in was mostly self financing..

Well maybe - but having brought in 3 Premier League players (Tonge, Morison, Warnock) it's a fair bet that their wages were higher.

We all tend to look at transfer fees as if it's the only cost.

Gino 1959 · Post by **Gino 1959** » Wed Mar 20, 2013 10:13 pm

faaip wrote:10 mill to boost the playing squad...where did that go?...

all smoke and mirrors isn't it ...we all know players in was mostly self financing..

It actually says 10 mil to boost the squad and for other working capital purposes, which - to me - is not the same as saying the whole lot went on players

The Subhuman · Post by **The Subhuman** » Wed Mar 20, 2013 10:14 pm

Guildford White wrote:
Well maybe - but having brought in 3 Premier League players (Tonge, Morison, Warnock) it's a fair bet that their wages were higher.

We all tend to look at transfer fees as if it's the only cost.

to the tune of 10 mill?...what are we paying them in?..

The Subhuman · Post by **The Subhuman** » Wed Mar 20, 2013 10:17 pm

Gino 1959 wrote: It actually says 10 mil to boost the squad and for other working capital purposes, which - to me - is not the same as saying the whole lot went on players

As I said smoke and mirrors, I'd be surprised if the squad running cost are significantly higher.

CardiffWhite · Post by **CardiffWhite** » Thu Mar 21, 2013 12:13 pm

Very confusing. It appears GFH Capital who own the club are saying they want to sell no more that a 30% stake and are in it for the long-run whereas their parent company, GFH, wants to sell 100% of the club. Internal politics? Could the deal be that GFH sell GFH Capital (part of which is our club) to another party and the newly owned GFH Capital then looks for another invester for 30% of the club?

Crude · Post by **Crude** » Thu Mar 21, 2013 5:58 pm

CardiffWhite wrote:Very confusing. It appears GFH Capital who own the club are saying they want to sell no more that a 30% stake and are in it for the long-run whereas their parent company, GFH, wants to sell 100% of the club. Internal politics? Could the deal be that GFH sell GFH Capital (part of which is our club) to another party and the newly owned GFH Capital then looks for another invester for 30% of the club?

Now I'm confused.

Think the confusion comes from poor journalism, more than GFH, GFH-C, GFH-Z, or GFH-123. Just saying.

The Subhuman · Post by **The Subhuman** » Thu Mar 21, 2013 6:04 pm

GFH- E is a drug ...right?...

Crude · Post by **Crude** » Thu Mar 21, 2013 6:06 pm

faaip wrote:GFH- E is a drug ...right?...

Only for the midnight raves during international breaks at ER.

dezzy · Post by **dezzy** » Thu Mar 21, 2013 6:21 pm

Could they have looked at the mess the club was in under Bates, thought nobody wants to buy them with the way he has kept the books, if we can sort them out we can sell the club on for more than we bought it for. Just doing a clean up of our accounts and ship us on?? How bad!!

Twiggster · Post by **Twiggster** » Thu Mar 21, 2013 10:29 pm

Exotix Credit Research point out problems with GFH finances: https://dl.dropbox.com/u/753523/Exotix% ... 013%29.pdf …

I got lost after the first page! Any business people on here care to have a look and post their thoughts in laymans terms pls?

Certain phrases worry me, especially on the first few pages, before it gets too complicated...

TOMA 3 (!) This summer???

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