Leeds Banter Archive May 15 2016

 

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15 May 2016 15:37:45
I wonder what sort of figure it would take to fully own LUFC.
That is, to buy out Cellino/ Eleonora and GFH and to buy back Thorpe Arch and Elland Road. How would that stack up compared to an already existing (lower half) Premier League team? Or even for that matter a top Championship contender.

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15 May 2016 18:27:36
80-100 mln for me.

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15 May 2016 18:50:03
Complete buyout 45m
ER buyback 30m

75m total is my best guess.

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15 May 2016 19:35:39
Player assets must also be taken in to account. Problem is that only Cook and Taylor are worth a substantial amount. Still 15 to 20 mill for them two i'd say.

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15 May 2016 20:34:23
Yes I reckon around 85 / 100 million for complete buy out and further 50 million investment in players so it's not as straight forward as it seems?

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15 May 2016 21:04:23
Then pay wages.

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16 May 2016 09:06:36
Good point wex. Mc must know he is looking for a needle in a haystack. Get promotion. Makes it a lot easier to sell when you getting mega bucks for promotion! Lot more attractive to potential buyers to lay out 75mil
We must get good players in. Not break the bank but good players
Stop paying good money for carp. We have wasted a fair bit on dross recently. Let's hope the new manager etc knows what a good centre back, playmaker and striker looks like.

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16 May 2016 09:49:37
I read somewhere that ER would be in the region of £16 million, surely better to use that on buying players and then buying ER when we get promoted?

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16 May 2016 14:29:21
Formular is: Market value of assets PLUS value of future revenues PLUS value of emotional attachment PLUS current liabilities (debt) PLUS stubbornness of owner (s) EQUALS value of football club .

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16 May 2016 15:15:34
SLWIW

Surely a debt is SUBTRACTED from the value not added.

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16 May 2016 16:49:17
Yeah George the debt just disappears into thin air.

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16 May 2016 18:05:58
Wex

You ok? We are talking about purchase price. Why should a club command a higher purchase price because they are in massive debt?

Under your formula the more in debt you are the richer you become if you're lucky enough to find a buyer. Don't make no sense.

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16 May 2016 18:41:56
George the debt comes with purchase of club and is to be serviced by new owner and that is what Massimo has been doing since he came. Servicing a debt of around 20 million plus paying wages also trying to sort a club that was losing approximately a million a week. How would you cope solving that mess . You might think about the next time your having a go at him.

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16 May 2016 20:47:47
Cellino has cut staff and made cuts. Not having GFH around means they are not adding to the debts with their consultancy fees. If a new buyer comes in they would need to service the debt that Cellino has added. Cellino has shuffled the debt around and the books show this. We owed GFH £20 million, they got 3 back from Ross sale. Cellino has struck a deal to pay them back. We are still heavily in debt, but are losing less. Player sales are balancing the books, not any skill by our owner.

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16 May 2016 20:54:47
Wex

I know this dude but how does the existence and service of a debt ADD value to purchase price of a football club? It don't! I realize only too well debts require servicing but this does not add value it takes it away! The thread topic was about purchase price/ valuation. Debts reduce value not add. No-one is saying the debt won't exist anymore or need to be serviced.

I don't need to think next time I have a go at Cellino. He is a lunatic. Fact is his funds have resulted in 3 possibly 4 decent player acquisitions. Silvestri, Berardi, Dallas and borderline contender Wood. 4 players don't make a team dude. Diagouraga hasn't played enough yet to warrant inclusion. The others he's bought are either carp or someone of standard like Antenucci is off very soon. Cellino is filled with broken promises and lack of investment.

Is he better than GFH? Of course he is but that doesn't make him a good owner. That just make him best of bad bunch. If he acquires the 6 or 7 good players we need I'll update my view but right now it looks like Evans is leaving, no decent replacement manager coming and a young talented goalkeeper will join Spurs. Oh and no pre-season organized yet. Anyone who thinks Cellino is anything but awful requires head testing.

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16 May 2016 22:14:42
Cellino is a walking disaster ruined his company. Ruined his last football club and I suppose now he's here to ruin Leeds you'd have to wonder how he became a multi millionaire.

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17 May 2016 07:19:59
Debt is a cost if buying George, I. e. Its something that is owed and needs paying / settling.

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15 May 2016 14:20:28
well keeper won't sign until new coach then only 2year on should be 5year deal . mc i'm lost if someone comes in i'll sell if not i'll stay so clearly heart in it then .

Believable1 Unbelievable1

15 May 2016 15:33:44
All the young promising players should be on a 5 year contract, whose going to be coach? is Cellino going to spend? is he going to sell? great way to encourage s/ t sales once again everybody left in limbo will the coming week see us any clearer? who knows.

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15 May 2016 16:42:11
Disagree loads show promise but few make it you never know how a young player will turn out and in 6 months you are stuck with a lemon tied to you for 4 years.

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15 May 2016 18:28:53
Young promising players aren't on big wages so it makes more sense to tie them down.

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15 May 2016 18:52:08
I agree aggers, five year contract on less money is better than two years and then having to break the bank at the end of a two year deal just because a Premier team come sniffing and offering big bucks to sit on the bench.

It's all about the agents, no treble.

MM.

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15 May 2016 19:28:52
Have to believe Wex is right. Not many youngsters are on 5 year contracts unless they are the dogs balls. Also a talented 18 yr old kid might not progress as you were hoping which is often the case. The idea of offering less money over a longer deal sounds good in principle but an agent would advise against such a contract as it would not be in his best interests. Greedy effers that they are!

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15 May 2016 12:02:28
Recent reports link Ryan Gauld, a player I have mentioned on here before, with Huddersfield

I believe Gauld would be a great addition to Leeds. His main position is as a attacking midfielder, a position we have a lack of quality in. He also plays on the left and right wing, also position we lack quality in.

Gauld is currently playing at Sporting CP in Portugal and has many caps for the Scottish U21 team. Last year he was linked with BPL teams such as Liverpool and Manchester City but now it is clear that he wants a loan move back to England. At the moment Huddersfield are the only team being linked with him but I think he would be great for Leeds, and he has not been able to break into the first team at Sporting CP we could probably sign him for 2-3 million next summer if his loan move is successful.

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15 May 2016 17:37:52
Gauld on football manager is awesome! Real life?

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15 May 2016 11:19:58
Quick question.
Do any of you think we'll be able to find a decent manager/ coach if MC is serious when he says he's selling? MC will probably tighten the purse strings, not spending too much and also the new guy won't know where he stands if a new owner does come in.

Believable0 Unbelievable0

15 May 2016 12:08:20
He's not serious.
He just wants to be loved
But if he's ever read this site he should know what to do get some serious loving. In fact, if he'd signed Forestieri, he might already be feeling a lot more wanted.

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15 May 2016 18:25:53
Agree speedy, massive mistake by massimo, can't see beyond the end of his nose which is why he should let his manager/ head coach do it.

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15 May 2016 10:20:07
Mornin siblings, long time no see lol. Lots of interesting debate! As I see it we have been longing for a decent owner since Ridsdale sent us down the toilet. On paper Leeds are hugely attractive so why no serious buyers? There must be something very off putting. Cellino bought without due diligence, the thought at the time crooks selling to a crook for a quick sale, hence Cellino did not realise the extent of the financial mess. The situation with Elland Road and Thorpe Arch must be a factor. Either Cellino is lying and swatting away investors because he does not want to sell, or no one is willing to risk it for some reason. Of course this leaves us all very frustratedly in the dark and speculation becomes rife. Cellino is far better that what we have suffered, give him another season I reckon! Down those pints and up our Whites.

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15 May 2016 11:35:53
on paper leeds are hugely attractive?! you still believe that. leeds are most likely viewed as a black hole by potential owners from not owning the ground to the minority of incredibly ungrateful fans. take away your bias and look at the club objectively if I wasn't mad or a life long leeds fan I wouldn't come anywhere near it as a potential owner. the glory days are well and truly over get used to this mediocrity its here to stay.

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15 May 2016 12:25:31
Welcome back vid old boy. Good post for a change lol.

Seriously, there must be a lot going on behind the scenes that makes investors steer clear. With GFH still involved and Bates lurking around it must be difficult to sell.

On the up side, we are a one team city with supporters clubs world wide and whilst some people say we're not a big club anymore, that's a load of s***e. Look at the support at some of the away games this season. 5,500 at Blackburn, more at Bolton. If the team start performing the support will come back to ER too and with this new season ticket offer, gates should me much better from the off. Turn ER into a fortress and we could get some serious momentum next season for a promotion push.

Having said all that, we will keep hold of our better players (Cookie, Cocaine and the proud Peacock) ? Will we invest? Will we recruit a decent manager or hire another nobody?

No-one knows what's going on in Cellino's head, but I agree he should stay for another year. He has got money and if we got a sniff of the Premier league, I think he would invest. Whilst I'm not his biggest fan (and that's mainly down to how he treats people) , sometimes it's better the devil you know than the GFH and Bates' out there that you don't who want to sell club down the river.

We're potentially one sale from either being plunged into the football wilderness or being promoted and back on the map. Depends on how you see your glass. Mine's always half full but I'm off to get another one in quickly before a queue forms at the bar.

UTW, DTP brothers and sisters!

MM.

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15 May 2016 16:40:35
very true Blue I am biased, I am a Leeds fan, it helps! As an investment, a single team city, huge fanbase that's worldwide, cheap as chips compared to an established premiere team, that investment could be trebled if we made it to the promised land. I don't believe the glory days are still here, I would like them back! don't be bitter, its ok, what will be will be regardless of what we say or do, so get drunk ;)

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15 May 2016 17:09:31
What's off putting is GFH
who would want to be involved with them.

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15 May 2016 18:53:19
Whitesee, well, not David Haigh, that's for sure :-)

MM.

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15 May 2016 09:05:25
forgive me guys for I am just a thick plasterer but if Massimo is seriously thinking of selling, what right does he have to sack evans as a parting shot?

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15 May 2016 09:20:30
Selling can take a long long while. Up until dosh in bank. He can do what he wants. Not agreeing with sacking him just saying.

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15 May 2016 09:40:29
He won't have to sack him will he, doesn't his contract end this summer? I personally can't see the point in replacing Evans and starting all over again. I didn't want him when the news first broke he was going to be in charge but he's done ok so may as well stick with him and try a bit of continuity for a change.

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