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Post by Deleted on Mar 31, 2014 23:05:11 GMT 1
Said on here many a time, you can have the nicest bloke in the world, do anything for anybody, but if he's unfortunately afflicted by the Leeds supporting disease, he will become a grade a arsehole as soon as Leeds are mentioned. It's not passion, it's not siege mentality, it's just being a twat. All leeds fans have a bit of twat in them.
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E4b
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Post by E4b on Mar 31, 2014 23:06:59 GMT 1
Said on here many a time, you can have the nicest bloke in the world, do anything for anybody, but if he's unfortunately afflicted by the Leeds supporting disease, he will become a grade a arsehole as soon as Leeds are mentioned. It's not passion, it's not siege mentality, it's just being a twat. All leeds fans have a bit of twat in them. Suppose they can't do much about it if they're born a twat. Once a twat always a twat.
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Post by yoy on Apr 1, 2014 2:39:57 GMT 1
Fair question farsley but the administrators are called in by the business to work with the Directors principally to protect the business from its creditors. The Directors do not have any power once they have called in Administrators but work with them to try and find a way of keeping the business going. This usually involves a Company Voluntary Agreement(CVA) whereby the Administrators agree with creditors what they will be paid. This is what happened to HTFC. IF an agreement cannot be reached then a possible next step is liquidation. Yeah I know, having worked for a company that's actually been through administration. If I were the Administrators i'd be concerned immediately with the lack of assets they have. They have Players, but that's about it. The Transfer window is closed so they can't move them on, only loan them out... assuming someone wants them. How can you negotiate with, or pay creditors when you have no immediate assets? Which is why i suggested Liquidation as being a possible option. I'm sure that there must be some creditors tempted to issue winding up orders, knowing if the go the admin route they havent got a cat-in-hells chance of getting their money back. Thats if Mr Cellinos appeal fails. Think you've largely answered your own question... They only have a playing squad to sell and so creditors wouldn't really get anything from a liquidation. In any event, I would question whether they can even retain a players registration in that scenario and so even that may raise nothing - even if they can then you are into real fire sale territory. For a football club, unless it owns a significant amount of land that would be a developers dream, more often than not liquidation would return nothing. I would expect a cva to return more in the fullness of time.
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Post by Deleted on Apr 1, 2014 6:23:39 GMT 1
Yeah I know, having worked for a company that's actually been through administration. If I were the Administrators i'd be concerned immediately with the lack of assets they have. They have Players, but that's about it. The Transfer window is closed so they can't move them on, only loan them out... assuming someone wants them. How can you negotiate with, or pay creditors when you have no immediate assets? Which is why i suggested Liquidation as being a possible option. I'm sure that there must be some creditors tempted to issue winding up orders, knowing if the go the admin route they havent got a cat-in-hells chance of getting their money back. Thats if Mr Cellinos appeal fails. Think you've largely answered your own question... They only have a playing squad to sell and so creditors wouldn't really get anything from a liquidation. In any event, I would question whether they can even retain a players registration in that scenario and so even that may raise nothing - even if they can then you are into real fire sale territory. For a football club, unless it owns a significant amount of land that would be a developers dream, more often than not liquidation would return nothing. I would expect a cva to return more in the fullness of time. i suppose i should take off my blinkered hatred of the numpties that inhabit the skip and look objectively. Instead of thinking best case scenario for myself, look at it from their perspective. OK lets assume Cellino fails. Financially there is uncertainty. Will he continue to fund the club or walk away? Lets say he walks away. There is no certainty they will enter administration, although this would seem the option at hand. What then?
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Post by Deleted on Apr 1, 2014 7:41:14 GMT 1
Think you've largely answered your own question... They only have a playing squad to sell and so creditors wouldn't really get anything from a liquidation. In any event, I would question whether they can even retain a players registration in that scenario and so even that may raise nothing - even if they can then you are into real fire sale territory. For a football club, unless it owns a significant amount of land that would be a developers dream, more often than not liquidation would return nothing. I would expect a cva to return more in the fullness of time. i suppose i should take off my blinkered hatred of the numpties that inhabit the skip and look objectively. Instead of thinking best case scenario for myself, look at it from their perspective. OK lets assume Cellino fails. Financially there is uncertainty. Will he continue to fund the club or walk away? Lets say he walks away. There is no certainty they will enter administration, although this would seem the option at hand. What then? Then GFH open negotiation with the other parties standing by who dont have as much money to offer as the preferred (to GFH) bid. Theyll still make a packet, given how little theyve actually invested that isnt loans secured by the club off future earnings.
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Post by Malvern Tom (WAHLS) on Apr 1, 2014 8:10:59 GMT 1
Serious question from a layman...........if someone wanted the very worst for Leeds utd, do they want the Italian or not?
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Post by Deleted on Apr 1, 2014 8:54:03 GMT 1
Simon Austin ?@sport_simon now Appeal hearing involved the QC, Cellino's UK lawyer & 3 reps from Football League. Also expert on Italian law, Stefano Maffei #lufc
Simon Austin ?@sport_simon now I've been told Cellino appeal decision expected Thursday or Friday. QC will give 24 hrs' notice #lufc
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Fullisheight
Jimmy Nicholson Terrier
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Post by Fullisheight on Apr 1, 2014 9:06:16 GMT 1
A siege mentality thing, universally loathed so we all stick together more than most. The Leeds Salute when spotting a fellow Leeds Fan anywhere in the World as a unique example. Whatever anybody thinks we are proud of our club and anybody who has played for the team, 95% of ex-players are warmly welcomed back to ER and 95% of those players speak passionately of their time with Leeds and will not have a word said against the club or the fans. Of course every clubs fans are fiercely passionate in their support of their team but many clubs have a larger percentage who are indifferent, we generally do not have many of those because being a Leeds Fan you are always met with a strong rival opinion, never ever an indifferent shrug of the shoulders (Thank God!) Can understand that blind, loyal, fiercely passionate support can be seen as arrogance by many, but we wouldn't have it any other way. Bland United? Not a chance! Do you have to be careful about doing an abridged version of a facist salute in some countries?
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Post by Chips Longhorn on Apr 1, 2014 9:23:35 GMT 1
Serious question from a layman...........if someone wanted the very worst for Leeds utd, do they want the Italian or not? Depends whether you prefer slow burn or crash n burn
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Post by Malvern Tom (WAHLS) on Apr 1, 2014 9:52:37 GMT 1
Serious question from a layman...........if someone wanted the very worst for Leeds utd, do they want the Italian or not? Depends whether you prefer slow burn or crash n burn Good question! Probably crash n burn.......no, no, no.....slow, to give longer pleasure. Do I want him or not?
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Post by Chips Longhorn on Apr 1, 2014 10:01:46 GMT 1
I don't want him... Obviously he is a bit nuts but he's also loaded... And he appears to have a certain romanticism allied with the dough.. The telephone rant has endeared him to most Leeds fans due to his passion and him slagging off all the main parties currently in post.. If he doesn't get the gig Leeds owe him shed loads of money.... After all the protracted negotiations in 2013 I just can't see "together Leeds" etc etc wanting to pick that up. So im hoping for crash n burn
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Post by Mastercracker on Apr 1, 2014 10:28:33 GMT 1
I don't want him... Obviously he is a bit nuts but he's also loaded... And he appears to have a certain romanticism allied with the dough.. The telephone rant has endeared him to most Leeds fans due to his passion and him slagging off all the main parties currently in post.. If he doesn't get the gig Leeds owe him shed loads of money.... After all the protracted negotiations in 2013 I just can't see "together Leeds" etc etc wanting to pick that up. So im hoping for crash n burn He is not worth anywhere near as much as Leeds fans would have you believe. Probably worth more than Deano but he's in the same ballpark. Still, crash and burn please
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Post by Deleted on Apr 1, 2014 10:34:19 GMT 1
Depends whether you prefer slow burn or crash n burn Good question! Probably crash n burn.......no, no, no.....slow, to give longer pleasure. Do I want him or not? As I see it...1. No Italian = crash & burnLeeds enter administration, possibly go down to League 1, where they will be "saved" by the Farnam consortium. It will take them a couple more years to recover than it did last time (due to most of all future revenue being already spent), however, they'll probably be back in the Championship within about 5 years 2. Italian = slight recovery, then crash & burnThe Italian will come in and slash their wage bill. They will, however, keep losing money and by this time next year they'll have already been through 3 managers as the hot-headed owner can't understand why a £5m wage bill won't support a mid-level Championship team. After a year or so he'll have had enough and will get rid, where they'll enter into the same situation as they're in now, probably heading towards situation 1. Fact is, they don't own anything and have fuck all revenue for the foreseeable future (thanks Uncle Ken). If the Italian doesn't get in then it should just speed the process up a bit.
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Post by Chips Longhorn on Apr 1, 2014 10:39:28 GMT 1
Good question! Probably crash n burn.......no, no, no.....slow, to give longer pleasure. Do I want him or not? As I see it...1. No Italian = crash & burnLeeds enter administration, possibly go down to League 1, where they will be "saved" by the Farnam consortium. It will take them a couple more years to recover than it did last time (due to most of all future revenue being already spent), however, they'll probably be back in the Championship within about 5 years 2. Italian = slight recovery, then crash & burnThe Italian will come in and slash their wage bill. They will, however, keep losing money and by this time next year they'll have already been through 3 managers as the hot-headed owner can't understand why a £5m wage bill won't support a mid-level Championship team. After a year or so he'll have had enough and will get rid, where they'll enter into the same situation as they're in now, probably heading towards situation 1. Fact is, they don't own anything and have fuck all revenue for the foreseeable future (thanks Uncle Ken). If the Italian doesn't get in then it should just speed the process up a bit. FND I know you have been following this matter very closely from your Dubai HQ .... Can I ask you, if you were to give a one word synopsis of Leeds' current plight . Would it be FUCKED ?
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Post by 3Pipe on Apr 1, 2014 10:41:54 GMT 1
Ted awaits... tissues at the ready....
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Post by bluedogs, Esq. on Apr 1, 2014 10:50:34 GMT 1
As I see it...1. No Italian = crash & burnLeeds enter administration, possibly go down to League 1, where they will be "saved" by the Farnam consortium. It will take them a couple more years to recover than it did last time (due to most of all future revenue being already spent), however, they'll probably be back in the Championship within about 5 years 2. Italian = slight recovery, then crash & burnThe Italian will come in and slash their wage bill. They will, however, keep losing money and by this time next year they'll have already been through 3 managers as the hot-headed owner can't understand why a £5m wage bill won't support a mid-level Championship team. After a year or so he'll have had enough and will get rid, where they'll enter into the same situation as they're in now, probably heading towards situation 1. Fact is, they don't own anything and have fuck all revenue for the foreseeable future (thanks Uncle Ken). If the Italian doesn't get in then it should just speed the process up a bit. FND I know you have been following this matter very closely from your Dubai HQ .... Can I ask you, if you were to give a one word synopsis of Leeds' current plight . Would it be FUCKED ? Leeds is such a shite hole Buggered would be more appropriate
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Post by conman on Apr 1, 2014 11:03:49 GMT 1
FND I know you have been following this matter very closely from your Dubai HQ .... Can I ask you, if you were to give a one word synopsis of Leeds' current plight . Would it be FUCKED ? Leeds is such a shite hole Buggered would be more appropriate What would that translate as in Italian ?
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Post by Chips Longhorn on Apr 1, 2014 11:06:10 GMT 1
Ted awaits... tissues at the ready.... I think FND has gone to do some work... Maybe we will see ET n Lucan down Holmfirth high street after all
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Post by 3Pipe on Apr 1, 2014 11:09:53 GMT 1
Ted awaits... tissues at the ready.... I think FND has gone to do some work... Maybe we will see ET n Lucan down Holmfirth high street after all Or he saw mention of a chicken tikka pie in another thread and he's gone searching the dusty streets of Dubai.. 'cos it certainly got me salivating.
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Post by bluedogs, Esq. on Apr 1, 2014 11:11:13 GMT 1
Leeds is such a shite hole Buggered would be more appropriate What would that translate as in Italian ? Inculata
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Post by Deleted on Apr 1, 2014 11:11:37 GMT 1
As I see it...1. No Italian = crash & burnLeeds enter administration, possibly go down to League 1, where they will be "saved" by the Farnam consortium. It will take them a couple more years to recover than it did last time (due to most of all future revenue being already spent), however, they'll probably be back in the Championship within about 5 years 2. Italian = slight recovery, then crash & burnThe Italian will come in and slash their wage bill. They will, however, keep losing money and by this time next year they'll have already been through 3 managers as the hot-headed owner can't understand why a £5m wage bill won't support a mid-level Championship team. After a year or so he'll have had enough and will get rid, where they'll enter into the same situation as they're in now, probably heading towards situation 1. Fact is, they don't own anything and have fuck all revenue for the foreseeable future (thanks Uncle Ken). If the Italian doesn't get in then it should just speed the process up a bit. FND I know you have been following this matter very closely from your Dubai HQ .... Can I ask you, if you were to give a one word synopsis of Leeds' current plight . Would it be FUCKED ? Think I'd go with "Insolvent" They're going to have to start again financially, which will take a few years of pain. Unfortunately the vast majority of their fans just can't see this and so will believe ever kwik-fix that comes along. The things is though, everytime this happens the club gets deeper and deeper in the shit. Cellino has pumped c.£10m into the club since the turn of the year, just to keep it running. Imagine how much it would cost to turn things round, buy back the ground etc. etc.
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Post by Deleted on Apr 1, 2014 11:12:51 GMT 1
(Went out to get a falafel wrap, bit shit, but it's not like you can get a BLT here...)
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Post by Deleted on Apr 1, 2014 11:17:08 GMT 1
My point exactly. They are (short term or long term strategy) boned. LUFC are a financial black hole. Restructuring is required. Will Cellino be able to do everything overnight even if he gets the club? Nope. The clubs structure is f..ked. How long do you keep throwing money at it? How many millions do they owe in truth? I would suggest it is a huge amount of money. Cellino says as much.
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Post by Malvern Tom (WAHLS) on Apr 1, 2014 11:20:33 GMT 1
Its interesting to hear from Marsh about this.......Hola, what's your take on it mate? On a more personal note, can any sympathisers out there give ANY reason whatsoever as to why Huddersfield Town fans should show any empathy (apart from the uniform 'what about the real fans' rubbish)?
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Post by Deleted on Apr 1, 2014 11:20:37 GMT 1
Debt on debt on debt. GFH haven't actually put anything material in to the club
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Merseyterrier
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Post by Merseyterrier on Apr 1, 2014 11:28:07 GMT 1
What would that translate as in Italian ? Inculata Innuendo surely
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Post by Deleted on Apr 1, 2014 11:28:17 GMT 1
I'd much rather have Leeds still around in some shape or form to laugh on a saturday afternoon. Having Sadford as our nearest and dearest just wouldn't quite cut it for me. I wonder if we'd get any of the rats who've left the ship weedling their way down the A62 to spend their saturday afternoons. That thought alone is enough to want them to stay alive.
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Post by Chips Longhorn on Apr 1, 2014 11:30:08 GMT 1
Its interesting to hear from Marsh about this.......Hola, what's your take on it mate? On a more personal note, can any sympathisers out there give ANY reason whatsoever as to why Huddersfield Town fans should show any empathy (apart from the uniform 'what about the real fans' rubbish)? #askmorleyterrier
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Post by benhomly on Apr 1, 2014 12:00:23 GMT 1
He'd be a great signing for them but he'd never swap La Liga for The Championship surely?
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Marshleeds
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Post by Marshleeds on Apr 1, 2014 12:08:15 GMT 1
A siege mentality thing, universally loathed so we all stick together more than most. The Leeds Salute when spotting a fellow Leeds Fan anywhere in the World as a unique example. Whatever anybody thinks we are proud of our club and anybody who has played for the team, 95% of ex-players are warmly welcomed back to ER and 95% of those players speak passionately of their time with Leeds and will not have a word said against the club or the fans. Of course every clubs fans are fiercely passionate in their support of their team but many clubs have a larger percentage who are indifferent, we generally do not have many of those because being a Leeds Fan you are always met with a strong rival opinion, never ever an indifferent shrug of the shoulders (Thank God!) Can understand that blind, loyal, fiercely passionate support can be seen as arrogance by many, but we wouldn't have it any other way. Bland United? Not a chance! Do you have to be careful about doing an abridged version of a facist salute in some countries? Once when on a school trip to Berlin I was at the Brandenburg Gate when I spotted a Kenyan Nun with the Leeds Smiley Badge on her Rucksack and I was locked up by German Riot Police for several hours until my school managed to negotiate with the British Embassy there. Learnt to use common sense since that sorry episode.
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