leeds didnt pay the conventional way - they had quite alot on HP

They ended up with a massive debt and trying to cut the wage bill down quickly hence some players went on free transfers. I understand they are paying ?5m this season for players no longer at Leeds !!!

Posted By: Financebod on October 5th 2006 at 10:12:13

Message Thread

I am really baffled about where the money's gone (NCFC) - Old Git, Oct 5, 09:55:36
- You're baffled (NCFC) - The King of Prussia, Oct 5, 10:14:38
- Something is wrong somewhere! (NCFC) - DiscoDaleGordon, Oct 5, 10:08:37
  - leeds didnt pay the conventional way - they had quite alot on HP (NCFC) - Financebod, Oct 5, 10:12:13
    - they used a ridiculous futures system though... (NCFC) - camcan, Oct 5, 10:31:36
      - I'm worth about (NCFC) - duke of york, Oct 5, 10:34:14
        
        Indeed... (NCFC) - camcan, Oct 5, 10:39:29
    - HP ? Source ? (n/m) (NCFC) - Steve in Holland, Oct 5, 10:21:48
      - HP sauce, yum, yum! (n/m) (NCFC) - Financebod, Oct 5, 10:38:07
    - Yes, my memory is that they had a firesale and sold for less than they bought (n/m) (NCFC) - Old Git, Oct 5, 10:14:10
- Off the top of my head - Corner stand ?3.5m Jarrold Stand (incl fitting out) ?10m+ (NCFC) - Financebod, Oct 5, 10:05:02
  - I went on a tour of Carra rood (NCFC) - songwriter81, Oct 5, 10:17:52
    - OK, that's ?20,000 accounted for then (n/m) (NCFC) - Old Git, Oct 5, 10:19:59
      - work re the press facilities cost ?100k (per 04/05 NCFC Accounts) (n/m) (NCFC) - Financebod, Oct 5, 10:32:16
        
        Chickenshit (n/m) (NCFC) - Old Git, Oct 5, 10:38:07
        
        whats Chickens**t ? (n/m) (NCFC) - Financebod, Oct 5, 10:45:54
        
        100k (NCFC) - Old Git, Oct 5, 10:59:23
        
        but it was an answer to the person who said ?20k ! (n/m) (NCFC) - Financebod, Oct 5, 11:21:58
        
        20k, 100k - so what? (n/m) (NCFC) - Old Git, Oct 5, 11:28:43
        
        FFS I'm just telling 'em it was ?100k not ?20k .....yes in terms of a total of ?7m on FA (NCFC) - Financebod, Oct 5, 11:42:33
        
        Chill (NCFC) - Old Git, Oct 5, 11:51:08
  - Cost of the Jarrold Stand is not relevant (NCFC) - The King of Prussia, Oct 5, 10:16:59
    - But the fitting out costs (not peanuts) and the loan repayments re Jarrold (NCFC) - Financebod, Oct 5, 10:22:37
      - My point is (NCFC) - The King of Prussia, Oct 5, 10:38:51
        
        Repayment of Loans re the land bought for ?2.75m + (NCFC) - Financebod, Oct 5, 10:58:27
        
        That's around about ?10 million (NCFC) - The King of Prussia, Oct 5, 11:05:06
        
        and of course we were told (NCFC) - The King of Prussia, Oct 5, 11:07:40
        
        The Jarrold stand loan is different from the other 2 loans (re Corner stand and the land ) (n/m) (NCFC) - Financebod, Oct 5, 11:23:16
        
        According to the club (NCFC) - The King of Prussia, Oct 5, 11:26:50
        
        Correct - page 31 of the 04/05 Accounts (NCFC) - Financebod, Oct 5, 11:49:57
      - should have read loan interest and repayments (n/m) (NCFC) - Financebod, Oct 5, 10:23:15
        
        Dont forget the increase in wages in the Prem season say ?6m and the transfer fees (NCFC) - Financebod, Oct 5, 10:26:28
        
        Anyway, that's balls about the Prem transfer fees (NCFC) - Old Git, Oct 5, 11:07:45
        
        I said roughly ?5m.......and I refer you to page 36 of the 04/05 Accounts (NCFC) - Financebod, Oct 5, 11:35:54
        
        Employees remuneration in FY 04/05 went from ?11m up ?15M. (NCFC) - dorset_canary, Oct 5, 11:24:44
        
        Transfer fees not relevant (NCFC) - Old Git, Oct 5, 10:28:32
        
        tell that to the bank manager! Just explaining where the Prem money went (n/m) (NCFC) - Financebod, Oct 5, 10:39:42
        
        So where did (NCFC) - The King of Prussia, Oct 5, 10:41:58
        
        please see my answer above (n/m) (NCFC) - Financebod, Oct 5, 11:00:20
        
        What I don't understand is where ?7.6M of profit after tax.. (NCFC) - dorset_canary, Oct 5, 10:57:02
        
        the difference was spent ! (n/m) (NCFC) - Financebod, Oct 5, 11:01:21
        
        Theres a difference between ?7m+ PROFIT and the CASH POSITION!! (NCFC) - Financebod, Oct 5, 11:40:24
        
        On what? (n/m) (NCFC) - The King of Prussia, Oct 5, 11:08:53
        
        Creo, are you getting a strange feeling that you might be swapping posts with Doomcaster? (NCFC) - Old Git, Oct 5, 11:12:25
        
        In terms of not getting a remotely adequate answer about the finances? (NCFC) - The King of Prussia, Oct 5, 11:18:58
        
        LOL! (n/m) (NCFC) - Financebod, Oct 5, 11:55:08
        
        Is that you Creo, oh well when I have typed up some figures re 05/06 (NCFC) - Financebod, Oct 5, 11:31:08
        
        So have we reduced our debts then? (NCFC) - Old Git, Oct 5, 11:33:12
        
        Not only that, but (NCFC) - Old Git, Oct 5, 11:20:38
        
        PMSL! (n/m) (NCFC) - Financebod, Oct 5, 11:57:41
        
        To be honest (NCFC) - The King of Prussia, Oct 5, 11:31:53
        
        Mega PMSL! (n/m) (NCFC) - Financebod, Oct 5, 11:58:18
        
        Fucking amen. (NCFC) - Arizona Bay, Oct 5, 11:14:32
        
        You explain it then sunshine..... (n/m) (NCFC) - Financebod, Oct 5, 11:32:16
        
        Only after you read my post properly. (n/m) (NCFC) - Arizona Bay, Oct 5, 11:35:49
        
        LOL! (n/m) (NCFC) - Financebod, Oct 5, 11:56:56
  - TVM - but that just reminds me (NCFC) - Old Git, Oct 5, 10:10:21
    - You buy the land - then you get planning permission (NCFC) - Financebod, Oct 5, 10:17:01
      - But I thought it had already been sold (NCFC) - Old Git, Oct 5, 10:20:48
        
        that was part of the land bought by Chase - Delia's regime has bought 2 lots of land (NCFC) - Financebod, Oct 5, 10:34:40
        
        Isn't that all part of the riverside development? (n/m) (NCFC) - Old Git, Oct 5, 10:37:51
        
        Chase bought 2 bits of land (NCFC) - Financebod, Oct 5, 11:18:31
        
        Informative, thanks (NCFC) - Old Git, Oct 5, 11:22:22
        
        Mind you - what's going in the infill between the hotel and the pitch ? (NCFC) - Arganth, Oct 5, 11:30:07
        
        I think they have left enough space for say an ambulance to (NCFC) - Financebod, Oct 5, 12:03:59
        
        oops sorry about the typing but I think you will get the (NCFC) - Financebod, Oct 5, 12:05:09
        
        Don't they have to leave space for pitch access by emergency services? (NCFC) - Arizona Bay, Oct 5, 11:32:19
        
        That's down the other end by the community infill. (n/m) (NCFC) - Arganth, Oct 5, 11:33:34
        
        Oh arr? (NCFC) - Arizona Bay, Oct 5, 11:36:30
        
        May be Earnies Humvee will be parked there so you can admire it LOL! (n/m) (NCFC) - Financebod, Oct 5, 12:10:19
        
        Do the ladders he must use to get into it come as standard ... (NCFC) - Arizona Bay, Oct 5, 12:15:04
- we must have spent a lot of money on loans (NCFC) - earlydoors, Oct 5, 10:02:37
  - not necessarily (NCFC) - Financebod, Oct 5, 10:08:13

Reply to Message

In order to add a post to the WotB Message Board you must be a registered WotB user.

If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.