FFP

It won't be £1million month after the takeover. The rent for Elland Road and Thorp Arch will become zero if he sticks by his word, and (one of) the outstanding loan(s) has been paid back.

Anything else is cancelled out by a convenient sponsorship deal with one of the new owner's companies.

It was £650,000 at one point, and that was probably exaggerated, before the media took hold and rounded it up to a more palatable newsworthy £1,000,000 figure.

I've no doubt that the clowns at GFH et al are making losses, they really haven't had a clue from the outset. For Nooruddin to suggest that this recent farce was all part of their original master plan is quite frankly obscene and should render his position untenable.

Haigh, the man for all consortiums, should also hang his head in shame. Duplicitous at best, the sooner we see the back of him the better.

The Football League needs to get its finger out and quickly.

SD
The latest reports indicate that Cellino has submitted everything required, but that they are waiting for paperwork from GFH. Granted, with their track record of treatment of all things Leeds United, it is unlikely that the FL were ever going to do us any favours, but if there are criteria to be met, it appears that its GFH who need to to get their act together.

OK, lets see if I got this right,

GFH borrow the money from Enterprise Insurance and Flowers. Flowers claims he's a life long Leeds supporter but seeks a winding up order of Leeds United and wants to shut it down.

Flowers solicitors claim Flowers had no choice but to seek the winding up order..............there's always a choice.

GFH claim there was no such loan........................common sense within the ranks of GFH isn't so common.

The winding up order was withdrawn by flowers (life long Leeds supporter) cos GFH (lufc owners and supposedly Leeds supporters) obtained another loan, yet again to pay back a loan from Enterprise Insurance and flowers (the life long leeds supporter).

The would be owner M Cellino (now a genuine leeds supporter) loans the money to GFH to pay off a previous loan which GFH claimed wasn't a loan from Enterprise Insurance; who certainly claimed the loan was a genuine loan and sought a winding up order of LUFC via Flowers (life long leeds supporter) in order to get the loan repaid so the loan could be settled as being settled.

So far I can see all LUFC fans charging to Enterprise Insurance to insure their goodies cos Andy Flowers is a life long leeds supporter who wanted to shut Leeds down after he spat the dummy and chucked a wobbly cos he couldn't buy LUFC.

I also see LUFC fans investing their hard earned money with GFH Capital as it's obvious GFH support LUFC cos they're the owners of LUFC. What's also obvious is the way GFH go about securing other peoples investments and making their money safe, cos they are the professionals and know exactly what they're doing; look how they secured LUFC from the claws of Enterprise Insurance and Andy Fl;owers, Mike Farnan and Forward Leeds and of course David Haigh.

David Haigh apparently was born in 2 places therefore having 2 faces and he would need 2 faces as he was working for GFH and the Andy Flowers consortium at the same time which would make obvious sense why David Haigh has 2 faces being born in 2 places and working for 2 different ambulance chasers.

Meantime, with fagg in gob, M Cellino patiently awaits a decision by the FL to grant him ownership of LUFC by declaring him a FFP and good enough to own LUFC, which only the FL can grant; all this inbetween paying players and staffs wage bills and loaning money to pay a previous loan loaned by Enterprise Insurance and Flowers....................I can understand if M Cellino is feeling a little knackered.

Mean while the fans, the genuine LUFC fans have come to see through Andy Flowers, who shot himself in foot and bombed out, Mike Farnam, who silently crawled away with his tail tween legs and the man born in 2 places with 2 faces David Haigh.

These so called clever dikks who supposedly run these clever companies with clever ideas weren't clever enough and couldn't see how they managed to hand LUFC to M Cellino on a golden platter.............very clever indeed.

Where the hell is my aspirin.

Like him or not it appears if not for Cellino stepping in and paying the bills/wages we would be in deep you know what......and heading out of business

If the FL do not ok Cellino we are in all sorts and that is a fact.

All the doubters must see now that Cellino is the answer. Nobody else can keep us afloat especially with GFH bailing out ie. refusing to pay the bills the last few months. GFH seriously make my blood boil. Thieving chancers have ruined our club

MOT

If we're losing any money, someone Been taking money out

The chancers bought the club hoping to sell quickly and make a profit and if not for Cellino they would have been doomed.

As much as I want cellino to bail them out a little bit of me would like to see them cop it big time
.

Bates borrowed the money from Flowers before GFH came on the scene.

Will be interesting to see how much GFH has been taking out of Leeds United for management costs.

Someone at GFH should be looking closely at their PI insurance.......

comment by LIW - I want the mafia IN (U8453)
posted 2 hours, 59 minutes ago
If we're losing any money, someone Been taking money out
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Player trading deficits instead of a surplus.

I'd imagine an increase in player wages.

Lower ticket prices and last seasons poor attendances.

Knock off catering income.

£6m+ of previously available income going to Ticketus since the last accounts.

Money may have been taken out, but I don't see how anyone could expect anything other than a loss. Or at the very least a cash flow shortfall.

Sol, not disputing cash flow might have taken an hit

Catering may have been paid upfront but that would still be showing has a prepayment

But there no way we are losing 12m a year,