Leeds Rumours Archive September 25 2012

25 Sep 2012 22:05:02
Well after the week the players have just had looks like the takeover won't be done for another month or two, bates is bound to want another 10mil on top of the price now after those performances! ;-)

This wouldn't surprise me whatsoever

Or, another take, the new perspective owners better get their finger out BEFORE bates decides that promotion is on the agenda, AND ASKS for another 10 mill !! Just to add... Very proud of the boys tonight's... Can't believe we did it without a sub..... Thought 60 mins out of some of them would the most we would get !!! Brown, Pugh, and Tonge have certainly gone up in my estimations.... MOT

Pugh & brown did not surprize me with their performance. they played their first game to impress warnock and/or potential new clubs. they are not part of warnocks long term plans and they must know that by the contracts they have/transfer listed. they will be ok as cover/bench but not play week in/week out. excellent team performance, but premier footy is very different from the championship footy. time/speed on ball & space created etc etc etc.
their game suited ours, more than the other way around.

I knew tonge had been a player in the past but with him not getting s game hardly for stoke I thought he'd lost it a bit but the magical powers of Neil does something to players who play for him. {Ed013's Note - Neil loves his Brown Tonge!}

25 Sep 2012 12:48:05
David haigh currently at elland road hopefully concluding a deal for takeover of leeds united will br leaving the ground at 5 pm for a short break before heading back for the game tonight fact !

25 Sep 2012 13:57:46
funny that he may be but as ken bates said on sat, he has to meet there chairman first and he is not about due to family reasons.

Didnt he tweet he was meeting Chris Moyles today? {Ed013's Note - They are just watching the game together}

Yeah he wants to meet THEIR (correct usuage )chairman. Dr Al Mutawa. I think he is some royalty in someway or another in Bahrain

Crmd

Think you'll find esam yousif janahi is the chairman.

And seeing as we are dealing with GFH Capital not their parent company I think you'll find thr Dr Al Mutawa is their chairman. Esam Yusif is the Chairman in ad advisory role at Gulf Finance House. Al Mutawa is the vice chairman at GFH AND chairman of GFH Capital

Crmd

Think you will find GFH are just the advisors to the investors and not the actual investors

25 Sep 2012 00:50:49
People worrying about GFH Capitals finance... This company are only a small subsidery of a much larger company Gulf Finance House. (The Bank In Question In Bates's Program Notes) This larger company make significant profits. Subsideries sometimes make a loss and in most cases are designed to do so mostly for tax reasons as the main companies losses can be spread among these subsideries so profit among the main company seems less to avoid step ups in tax rates that larger profit equate to. So no worries if you look at the company as a whole they are in great financial condition (in the multiple billions revenue every year).

I believe this takeover by GFH seems to be just to appease Mr Haigh (a life long Leeds supported and GFH Capital CEO) which the larger company will happily fund as the money being shopped around for the value of Leeds seems small fry for this company as a whole, and is propably being spearheaded by Mr Haigh himself as a life long pet project. So it looks like we could be in good hands!!

I suspected this also. GFH Capital and GFH as a whole don't seam like the football club buying sort of company. I wonder if this is also seen as European showcase kind of acquisition. Whereby GFH Capital wish to increase their profile and what better way to do that than with a global franchise like Leeds United, especially if they get us into the PL.

Whatever the deal or reasons for the deal are, it's a hell of a lot more positive than 9 months ago. When all seemed to be lost.

David Haigh seems like a top bloke as well. Born in Leeds, raised in Cornwall unfortunately and is CEO of a private equity firm. Sounds like good hands to me. -DB

Maybe they see Leeds as a potential subsidary to hide more losses?

I agree with the 1st and 2nd posters. Good thoughts there

3rd poster. They wouldn't buy Leeds for a reported 50million, a business in a very public eye to hide a financial loss. Doesn't work like that

Crnd

If you listen to Ken Bates interview he says the chairman pulled for personal reasons but will be on his way soon. My guess us that Mr Haigh will be like Daniel Levy is at Spurs

Why is it that GFH and/or GFH Capital can place a pea under one of three beakers and start moving 'em around and put assets here and there and all is perfectly well and legal and none of the "illiterate ignorant minority" say " We don't want that sort of shenanigans at our club?"
Yet, when old Norman does it he is ostracised and slandered a crook, why is this?
I am sure that GFH/GFH capital will move their capital from one continent to the other in order to pay as little tax as is possible to get away with. They are duty bound to maximise their investment returns for their respective clients/shareholders/owners.
Will the same "Bates out mob" be making the same salacious ungrounded, unfounded accusations to GFH/GFH Capital? These new investors/partners/owners will squeeze the beer swillers, and burger munchers just as much if not more than old Norman has ever done.
Just my musings as I wait tonight's clash with the Toffees.
Jedburgh White

From the site Gulf Finance look to be worth just under 2 billion. Dont forget there is supposed to be another backer. It may be GFH are partly funding and partly project managing. Might not have Man City money but it should make us more competative. I am sure given the resources Neil Warnock will give us a side to be proud of.

Very good point Jedburgh. I've actually defended bates offshore usage on here. It's just good business at times to limit your business to stupidly high uk tax.

Crmd

Good post. It's called making tax elections. Can save the company millions. I think LUFC are about to begin a great chapter. The PL beckons.