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Conspiracy theory at Elland Road!
Just a line of thought kicking about at the moment........
Basically, after exiting administration a few years ago it is believed that the creditors (people owed money) would only recieve 8p in every £1 owed as part of the deal. It is also believed that if Leeds regained top flight status over the next 5 years then this 8p turned in to pretty much the whole lot which is where this conspiracy theory comes together.......
Now, Grayson is known for running a tight ship and reasonably succesfully and a club as big as Leeds were always going to get out of League 1 even with no transfer budget as the clubs turnover allowed such an advantageous wage structure opposed to teams like Hereford, Yeovil, MK Dons etc etc. Now, Bates has spent very very little on the team but it has been reported he has spent over £9million on the stadium (yep, the one he does'nt own!).
At the end of this season this 'creditor agreement' made years ago is to become exempt and Bates waits for the transfer window to close before sacking Grayson and appointing a man in Warnock with a proven record of promotions. We all know the current team has no chance of promotion as it is simply no where near good enough which is why he made sure we couldnt get some better players in during the transfer window that may fluke us in to contenders.
Warnock sounds like a man who takes no prisoners and at his stage in his career will not be pushed around by someone like Bates and he would not have taken this job (a club he has openly admitting he dislikes) without some sort of transfer kitty promised during the summer. This gives Warnock the time to look at the current crop and see where he needs to strengthen.
Basically, by hook or by crook, it looks like Leeds could actually be looking at having a go at a serious push for promotion next season which is great news for the fans but you have to feel for the people owed money as they aint seeing a penny of it now. Does'nt sit right with me.
Disclaimer, these accusations are only alleged and part of a conspiracy doing the rounds.
Thoughts please.
Comments
I dont know much about the Lower English leagues or how administration is worked. I do however rate what Warnock has done with various clubs. Although probably never managed it in the premiership.
However i know north or the border, If someone was appointed who openly admitted previous they disliked the club, that manager would very unlikley get into the stadium.
I do believe Leeds have some good players, well one i know of anyway, Robert Snodgrass is one i rate highly. Maybe not premiership material but definetly good enough for the championship.
However best of luck to Leeds
I'm just glad he never got his foot in the door at Wednesday when he was sniffing around.
Most of these rumours are usually started by an irrate fan though so it could all be a load of rubbish.
I do think Warnock will do well with you. He knows what he's doing in the lower leagues.
the cva is granted when the majority of creditors agree to take a percentage of what they are owed to allow the business to continue they are generally issued with a final settlement date of by which all moneys must be repayed i dont think they are renegotiable after they have been signed.
when Milan Mandric took us out of administration the first time (not in 2010 when we got relegated from the premiership but in about 2001 or 2002) he payed creditors 5p in the pound whenn we got promoted many local businesses were not happy as we were now cash rich and they were all well out of pocket.
The government should do something about these rules.
weve got 3 main creditors Gaydamak who was the one who let us run up 100 million pound of debts and is still getting our parachute payments and charging the club for using the car park behind the fratton end as he still owns it he also forced the club shop and ticket office to close as he shoved the rents up when he sold the club.
The other is chanaria who is owed 17 million from csi the last owners who he sold the club to and csi who spent 11 million on players and wages and unbeliviebaly are entitled to get it back from the club!
The clubs so disorganised at the moment the programe advert people phoned up a local electrical company offering the a full page advert for just £2000 the company said we would love to as soon as you send us the £25000 you owe us for work we did 2 years ago!
The biggest joke of all is all these past the fit and propper tests!
weve got players on 20,30 and 40k a week who still have up to 2 years to run on their contracts.
we need to spend 2 years getting financialy sorted ourselves sorted and forgetting about results.
As for Scumhampton they may well be going but will always have to look at a tropphy cabinet that has 1 measly FA cup for 126 years of trying.
If Pompey get liquidated there will be a pheonix club starting non league next season and fratton park can only be used for sport so the shister and con mens assets will be worth nothing
I actually watched the first half of the Southapton game and i couldnt believe how many empty seats there was. although the same could be said for the blackpool v Hull game.
I dont know full goings on with fans for clubs i have no affiliation with, but from watching 2 seperate teams that are both former premiership clubs with a major town sdupporting as a fan base im suspecting that its not the clubs that are the issues.
IMO Stadiums of former Premiership clubs are built to support them in the Premiership and clearly they arent filling in the Championship. Obviously i'm likley wrong as your a leeds fan.