Cellino now NOT willing to sell to LFU

[gessa]

So controlling share - 51% ? lets say 25 million quid. Player investment and new manager 7-10 mill, rental of Elland road, (buy back would no longer be feasible I would think) then running costs

Pipe dreams and a recipe for disaster

[The Subhuman]

Pipe dreams and a recipe for disaster

at least one of LFU needs to be a multi millionaire, wait then we'd have a majority shareholder...s**t

ok fan bought and owned and 100 quid a ticket to watch should do it

oh Green Bay Packers in the NFL is owned by the fans I think

The Green Bay Packers Board of Directors is the organization that serves as the owner of record for the Green Bay Packers of the National Football League (NFL). The Packers have been a publicly owned, non-profit corporation since August 18, 1923. The corporation currently has 360,584 stockholders, who collectively own 5,011,557 shares of stock after the last stock sale of 2011–2012. There have been five stock sales, in 1923, 1935, 1950, 1997, and 2011. Shares in 1923 sold for $5 apiece, while in 1997 they were sold at $200 each and in 2011, $250 each.

[Ianm]

Hi chaps.

Long time member but dont post often. felt I have some input here though.

The club was once profitable and not that long ago either. The players bought arent paid for in full it gets financed through a bank. So you only need to be able to meet the payments of those loans until they are sold on.

A club that turns over the money that Leeds united do can certainly be fan owned if ita managed properly and lets be honest here the last 4 "saviours" have done more harm than good so why not put the club in the hands of the people who give a monkeys.

Cheers!

[The Subhuman]

Hi chaps.

Long time member but dont post often. felt I have some input here though.

The club was once profitable and not that long ago either. The players bought arent paid for in full it gets financed through a bank. So you only need to be able to meet the payments of those loans until they are sold on.

A club that turns over the money that Leeds united do can certainly be fan owned if ita managed properly and lets be honest here the last 4 "saviours" have done more harm than good so why not put the club in the hands of the people who give a monkeys.

Cheers!

Do we have any examples of this working in a club the size of LUFC. Also the borrowing to buy only works if you can sell..or are you saying that banks are happy to write off the debt if players are released (often with a settlement (more money))

It could work via a share scheme I guess and run as non profit but I'm not sure we have 100,000 fans willing to put in a 400 quid each I think we'd struggle to find 20,000

[HarryofOz]

Who are LFU anyway?

Sounds like a disaster in the making, unless they have the funds to rebuild the team.

[The Subhuman]

Who are LFU anyway?

Sounds like a disaster in the making, unless they have the funds to rebuild the team.

I'm trying to work out what a controlling share would be.

[The Subhuman]

When were we last profitable btw?

[HarryofOz]

I'm trying to work out what a controlling share would be.

It can mean all sorts of things apart from a majority ownership. Holding certain amount of shares may allow you to appoint a certain number of directors which can affect the control of the board. Holding a certain amount of shares may give you veto rights over certain decisions made by the board.

[The Subhuman]

It can mean all sorts of things apart from a majority ownership. Holding certain amount of shares may allow you to appoint a certain number of directors which can affect the control of the board. Holding a certain amount of shares may give you veto rights over certain decisions made by the board.

so chaos in terms of running a football club

[1964white]

Who are LFU anyway?

Sounds like a disaster in the making, unless they have the funds to rebuild the team.

Fans who think they can run a football club

I have been in business/management for much of my working life & I wouldn't go down that road

[1964white]

so chaos in terms of running a football club

Get on wacko they seem to know how to run a football club

[HarryofOz]

so chaos in terms of running a football club

Quite possibly

[HarryofOz]

Fans who think they can run a football club

I have been in business/management for much of my working life & I wouldn't go down that road

it'd be okay if LFU consisted of business people with the experience and funds to run the club but I don't see any info on who they are.

If for example, Warren Buffet turns out to be a Leeds fan and the one who is going to fund LFU then that is different to the average fan being involved.

[MeeTa]

it'd be okay if LFU consisted of business people with the experience and funds to run the club but I don't see any info on who they are.

If for example, Warren Buffet turns out to be a Leeds fan and the one who is going to fund LFU then that is different to the average fan being involved.

That's basically it. Without knowing that info, its impossible to say whether this is a good or bad idea. Being a fan owned club itself doesn't have to be a problem, all comes down to who is behind the the group money wise and which people are going to run the club.

[The Subhuman]

But if one guy is funding the fans, aren't the fans just a middle man

[The Subhuman]

I'd be happier if it were Jimmy Buffet

[1964white]

it'd be okay if LFU consisted of business people with the experience and funds to run the club but I don't see any info on who they are.

If for example, Warren Buffet turns out to be a Leeds fan and the one who is going to fund LFU then that is different to the average fan being involved.

All if's & but's until we know the full facts

[HarryofOz]

All if's & but's until we know the full facts

True. Hopefully - if it happens - it will be a step forward rather than backward.

[YorkshireSquare]

Is there a business brain in there ?

Dylan Thwaites is chief executive, has a background in business, talks a lot of sense.

Can they do it on their own? I seriously doubt it. Will investors flood to the doors of Elland Road the minute Cellino and GFH are out of the door, absolutely.

[Drs.Dad]

Dylan Thwaites is chief executive, has a background in business, talks a lot of sense.

Can they do it on their own? I seriously doubt it. Will investors flood to the doors of Elland Road the minute Cellino and GFH are out of the door, absolutely.

There has been no mention of GFH selling their shares. I just cannot see the way ahead with this! Yes I can see fans with a minority interest, but a majority share seems to me to carry too much baggage. If LFU fails to meet payments (which with our record is far from impossible) is the LFU wound up, or do the banks start chasing individual members? We are always bellowing for the owner to cough up and buy more and better players.... who do we ask? I could go on forever, but my head is aching!
Like someone mentioned before, I think this is Cellino dangling a baited hook, and I am hoping a suitable owner will now make themselves known. The guy from Red Bull was thinking of buying with his own money, not Red Bulls, so that's a possibility. Where are all the Malaysian billionaires when we need them? C'mon guys, quality club for sale, make yourselves as gods on earth by sorting the Leeds United conundrum!

Please!