The debt clearance deal had been done post Cellino purchase.
Re Profit, Even with Bates milking the club LUFC were consistently posting pre tax profit pre GFH (from Swiss Ramble linked earlier in the thread, figures on the Y axis are millions).
Latest twist is Adam Pope (BBC Sports Journo) has interviewed Cellino, he claims LUFC are debt free with £20 million working capital plus unbudgeted income from the Ross McCormack transfer. https://twitter.com/APOPEY
So in March 2014 the club is financially crippled but in July LUFC are debt...
I see earlier in this thread some discussion about how Leeds arrived in this situation.
Since the crooked debt shedding admin exercise in 2007, it can be seen that on the playing side Leeds have consistently lived within their means (from 2007 to date you'll see that they're in nett profit in...
Early days I know but we seem to be playing a less direct type of football under Brian McDermott which is bit more pleasing on the eye (keeper rolling the ball out to the back 4 rather than a hoof down the pitch & hope for the best etc).
Fingers crossed it continues.
It really is awful to watch, I think the only shot we had on goal against Bolton was a penalty, don't think we managed a single shot on goal away at Hull.
Not quite as bad on Saturday but pretty much more of the same.
Only 18K at Elland Road this weekend, rank football in a half empty stadium...
I was impressed with Boro this weekend, as good as any league side to come to Elland Road so far. Becchio just had one of those days & for my money his performance got LUFC the three points on the day.
Should also mention that the travelling support from Boro on Saturday IMO was better than...
Also Warnock said in his post match interview he's after a striker in January, he expects to pay a fee for the type of player he's targeting, not a loan player or a free (Hallelujah)
It seems Chelsea's allocation has been slashed for the Cup game. Originally they were to get the upper & lower tier of the South Stand (as other sides have had previously), at the moment they will have south stand upper only.
This is a direct result of LUFC's court victory over West Yorkshire...
Great win although the gate again was very poor (19K).
I expected more from Ipswich, they've got Jason Scotland, Nigel Reo Coker & Michael Chopra in their squad after all.
Byram appears to be coming on leaps & bounds, find of the season so far for me. Not expecting a result mid week but will...
What utter crap.
I realise some Wimbledon fans didn't want this game to be played, there are however a couple of thousand AFC fans including founder club members and current Chief Executive Erik Samuelson getting behind the team in the away end. I'm getting behind them all be it online also...
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