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Leeds - sold for £22m "net cash" in december. Now up for sale again.

http://m.guardian.co.uk/football/2013/mar/19/leeds-united-owners-decide-to-sell

Comparisons are difficult but TJ and MS said to be asking £35m for Charlton.

Comments

  • Another example of football disappearing up its own arsehole.

    I've had enough. ;-)
  • "A high yielding investment opportunity" I think that's exactly how TJ sold Charlton to KC before he pissed him off. Football as I knew it is finished.
  • When you can invest, say, £30m on a squad to win the championship and know you're going to get at least £70m back even for coming rock bottom in the EPL plus another £50m over the next 4 years, then that is a "high yielding investment opportunity". Until the wealth is more evenly distributed this is sadly the way that football will be heading. :(
  • The problem is that £30m doesn't guarantee promotion, but it almost certainly guarantees running losses. A £30m injection and a £10 loss for four years and a club needs to get promoted to break even. The parachute money would be needed to cover the losses when the side comes down.

    Anyone that believes that you can, literally, buy success in football still has a lot to learn.
  • The problem is that £30m doesn't guarantee promotion, but it almost certainly guarantees running losses. A £30m injection and a £10 loss for four years and a club needs to get promoted to break even. The parachute money would be needed to cover the losses when the side comes down.

    Anyone that believes that you can, literally, buy success in football still has a lot to learn.

    Agree in principle but I think 99 /100 Championship clubs would get promotion if they spent £30m over two seasons.
  • edited March 2013
    You can, literally, buy success.

    Unless you are QPR in which case you can, literally, buy f*** all, and as a bonus get Harry Redknapp sitting like an evil Christmas tree fairy on top! Cos I don't think they'll be bringing much of their 70 million back down with them.
  • The problem is that £30m doesn't guarantee promotion, but it almost certainly guarantees running losses. A £30m injection and a £10 loss for four years and a club needs to get promoted to break even. The parachute money would be needed to cover the losses when the side comes down.

    Anyone that believes that you can, literally, buy success in football still has a lot to learn.

    Agree in principle but I think 99 /100 Championship clubs would get promotion if they spent £30m over two seasons.
    Like Leicester?
  • buckshee said:

    The problem is that £30m doesn't guarantee promotion, but it almost certainly guarantees running losses. A £30m injection and a £10 loss for four years and a club needs to get promoted to break even. The parachute money would be needed to cover the losses when the side comes down.

    Anyone that believes that you can, literally, buy success in football still has a lot to learn.

    Agree in principle but I think 99 /100 Championship clubs would get promotion if they spent £30m over two seasons.
    Like Leicester?

    £30m ?
  • Wouldn't want to own that scumbucket club if it was given to me. Hate 'em!
  • buckshee said:

    The problem is that £30m doesn't guarantee promotion, but it almost certainly guarantees running losses. A £30m injection and a £10 loss for four years and a club needs to get promoted to break even. The parachute money would be needed to cover the losses when the side comes down.

    Anyone that believes that you can, literally, buy success in football still has a lot to learn.

    Agree in principle but I think 99 /100 Championship clubs would get promotion if they spent £30m over two seasons.
    Like Leicester?
    they haven't spent anywhere near 30 mil
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  • with wages
  • Leeds' owners, GFH Capital, have sold a 10 per cent stake in the club to Bahrain-based International Investment Bank.

    There had been uncertainty over GFH Capital's intentions for the Elland Road outfit, with some suggestions that they were looking to offload completely.

    However, it appears that is not the case.

    Instead, GFH is recruiting "strategic investors" to strengthen the club's financial position, which it believes is necessary if Leeds are to regain their former status as a Premier League heavyweight.

    IIB's chief executive, Aabed Al-Zeera, will join the Board of Leeds City Holdings Limited.

    David Haigh, deputy chief executive of GFH Capital, said: "The introduction of IIB is in keeping with what have always been GFH Capital's aims for the successful, sustainable and long term ownership of Leeds United FC.

    "We believe that a consortium of like-minded investors provides the best ownership model for a club which belongs among the elite of English football clubs and global sporting brands.

    "It is our aim to provide the finance and the stability to enable the club to complete that journey as soon as possible."

    GFH expects other investors to join, providing Leeds with "sound long-term finance", said the club.

    International Investment Bank B.S.C was launched as an Islamic Investment Bank in October 2003.

    On its website, IIB states the "core business activities of the Bank include investing on its own account and investment, underwriting and placement in real estate and private equity in conformity with Islamic Shari'ah".

    Al-Zeera said: "We are delighted to become investors in Leeds United and would like to thank GFH Capital for facilitating this for us."
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