eckington owl Posted March 24, 2014 Share Posted March 24, 2014 Sounds like they are using next years ST monies to pay their March bills. Not even gone on sale for them yet have they? Link to comment Share on other sites More sharing options...
Ronnie Starling Posted March 24, 2014 Share Posted March 24, 2014 Not even gone on sale for them yet have they? Yes as I don't think they have released the prices yet. Link to comment Share on other sites More sharing options...
Guest BirdonaMaguire Posted March 24, 2014 Share Posted March 24, 2014 Not even gone on sale for them yet have they? Nope but they are getting cash in advance against them. Link to comment Share on other sites More sharing options...
The only way is S6 Posted March 24, 2014 Share Posted March 24, 2014 Didn't they have a hit with "I walk the Dinosaur". Link to comment Share on other sites More sharing options...
asteener1867 Posted March 24, 2014 Share Posted March 24, 2014 Nope but they are getting cash in advance against them. Rangers did that.... Link to comment Share on other sites More sharing options...
just visiting Posted March 24, 2014 Share Posted March 24, 2014 Don't think the FL league come out of this with any credit either. How did GFHC pass the FPP test in the first place, One of the requirements was proving you had sufficient funds in place to finance the club. It been quite clear they had'nt a pot to pee in and as such stopped funding us last October. I feel a huge precident has been set today and any future new owners of all clubs are going to have to be squeeky clean. Effectively, Cellino's been rejected because of £300k tax evasion charge on a yacht, in an Italian court. Link to comment Share on other sites More sharing options...
asteener1867 Posted March 24, 2014 Share Posted March 24, 2014 Don't think the FL league come out of this with any credit either. How did GFHC pass the FPP test in the first place, One of the requirements was proving you had sufficient funds in place to finance the club. It been quite clear they had'nt a pot to pee in and as such stopped funding us last October. I feel a huge precident has been set today and any future new owners of all clubs are going to have to be squeeky clean. Effectively, Cellino's been rejected because of £300k tax evasion charge on a yacht, in an Italian court. Yea cos thats his only ever offence mate? Link to comment Share on other sites More sharing options...
just visiting Posted March 24, 2014 Share Posted March 24, 2014 Yea cos thats his only ever offence mate? Its the only one the FL league were interested in, otherwise his application would have thrown out weeks ago. Contracts were exchanged and paperwork to the FL seven weeks ago. Link to comment Share on other sites More sharing options...
swafty Posted March 24, 2014 Share Posted March 24, 2014 JV mate, not here to gloat or take the wee wee, just wanted to know what is the general thought of Leeds fans, what do you see happening, ones at work today in Otley seemed pretty down about it all. Link to comment Share on other sites More sharing options...
Guest BirdonaMaguire Posted March 24, 2014 Share Posted March 24, 2014 (edited) Short term it's about seeing the season out, they need to get Farnans consortium to the table with GFH to sort out the longer term, I have heard a little rumour that Cortese is looking on with interest, however Bates holds a vested interest. Edited March 24, 2014 by BirdonaMaguire Link to comment Share on other sites More sharing options...
just visiting Posted March 24, 2014 Share Posted March 24, 2014 JV mate, not here to gloat or take the wee wee, just wanted to know what is the general thought of Leeds fans, what do you see happening, ones at work today in Otley seemed pretty down about it all. I'm going to be really honest. I'm getting past caring, the clubs seen as just a huge cash cow to tin pot owners desperate to squeeze the life out of club. If any accountant can explain how, from last published accounts, when the wages are only 53% of turnover, where over £15m of "operating expenses" goes, I'd be happy to chat about it. Scratch that, I think I know the answer. Link to comment Share on other sites More sharing options...
asteener1867 Posted March 24, 2014 Share Posted March 24, 2014 Its the only one the FL league were interested in, otherwise his application would have thrown out weeks ago. Contracts were exchanged and paperwork to the FL seven weeks ago. Does that mean that the Fpp act was taken 7 weeks ago tho?...He's already sacked the manager and had to reinstate him in that time, so you would think that was because his ownership criteria were still in question wouldn't you? Link to comment Share on other sites More sharing options...
The Dukeries Owl Posted March 24, 2014 Share Posted March 24, 2014 Don't think the FL league come out of this with any credit either. How did GFHC pass the FPP test in the first place, One of the requirements was proving you had sufficient funds in place to finance the club. It been quite clear they had'nt a pot to pee in and as such stopped funding us last October. I feel a huge precident has been set today and any future new owners of all clubs are going to have to be squeeky clean. Effectively, Cellino's been rejected because of £300k tax evasion charge on a yacht, in an Italian court. Or in layman's language 10 years wages for the every normal guy in the street or a week for Wayne Rooney. Link to comment Share on other sites More sharing options...
Guest BirdonaMaguire Posted March 24, 2014 Share Posted March 24, 2014 I'm going to be really honest. I'm getting past caring, the clubs seen as just a huge cash cow to tin pot owners desperate to squeeze the life out of club. If any accountant can explain how, from last published accounts, when the wages are only 53% of turnover, where over £15m of "operating expenses" goes, I'd be happy to chat about it. Scratch that, I think I know the answer. Have the 2013 accounts been released yet? The wages/turnover ratio was 57% on the 2012 per this http://lufctrust.squarespace.com/blog/2013/1/7/leeds-united-financial-analysis-update.html Link to comment Share on other sites More sharing options...
The Dukeries Owl Posted March 24, 2014 Share Posted March 24, 2014 I'm going to be really honest. I'm getting past caring, the clubs seen as just a huge cash cow to tin pot owners desperate to squeeze the life out of club. If any accountant can explain how, from last published accounts, when the wages are only 53% of turnover, where over £15m of "operating expenses" goes, I'd be happy to chat about it. Scratch that, I think I know the answer. Consortia don't do anything for love. Link to comment Share on other sites More sharing options...
just visiting Posted March 24, 2014 Share Posted March 24, 2014 Does that mean that the Fpp act was taken 7 weeks ago tho?...He's already sacked the manager and had to reinstate him in that time, so you would think that was because his ownership criteria were still in question wouldn't you? No, the FL knew about the upcoming tax court case and delayed a decision until a conviction was proved in Italy. People ITK suggest it wasn't Cellino who sacked McDermott, it was GFHC ( I agreed with the decision btw) and that Cellino had him reinstated and sacked the CEO who did it. Link to comment Share on other sites More sharing options...
horny owl Posted March 24, 2014 Share Posted March 24, 2014 I'm gutted Link to comment Share on other sites More sharing options...
asteener1867 Posted March 24, 2014 Share Posted March 24, 2014 Sounds like a right dogs breakfast mate.... Link to comment Share on other sites More sharing options...
just visiting Posted March 24, 2014 Share Posted March 24, 2014 Yep, and I fear it's far from over yet. Link to comment Share on other sites More sharing options...
DOUBLE GLAZER Posted March 24, 2014 Share Posted March 24, 2014 For all the rivalry, not many supporters of a club, would wish to see another go out of business. (Although in QPR's case at the moment, they probably deserve to.), It is on the existance of such, that rivalry is based. And may it continue. Link to comment Share on other sites More sharing options...
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