Platini/UEFA is pushing for some very interesting changes with regards to
finances. These changes should in theory turn football into a more
financial level sport and rid us
of what can be known as "financial doping". I am sure you ve all heard of
the changes. IF, and thats a big IF, we currently live within our means
then we are "futureproof" and that cant be bad at all.

Other clubs will struggle to adapt and change their businesses to conform.
especially if that club is expected to change from end of season to start
of new season. I ve never
seen a business being able to change its business model that quickly. So
good luck to them!

However I suspect that the big clubs with lots of money will work around
these things with foreign ltds etc etc.

On Tue, Feb 21, 2012 at 10:08 PM, Richard Naef <
[email protected]> wrote:

> All you say is true, as I have said on many occasions I loathe Bates in
> every respect, but in this case he is right that we have to learn to live
> within our means, it’s the only way we'll have a club we can be proud of
> again - that also requires Bates to go of course,  but I don't want to be
> the next Chelsea or Man City or Leeds under Ridsdale.
>
>
>
> I think it costs quite a lot to run a football club the size of LUFC, AFAIK
> the 12.4M pe annum only covers the 29 first team playing staff - I could be
> wrong though.
>
>
>
> Bates is a football man - a crooked and bullying one but still preferable
> to
> someone who picks a team they have no knowledge of and care nothing about,
> purely on the say so of a consultancy firm.    In my limited experience all
> super rich people who have earned their money rather than got it through
> luck do so by hook and by crook.  Abramovitch and Mansoour a factor of 100
> times worse than Bates.
>
>
>
> Portsmouth have been fucked royally by at least 4 different foreign owners,
> many cocks will be coming home to roost or whatever the saying is, I think
> we've been through the worse and I think I'll outlive the Bates era, so
> will
> the club.
>
>
>
> ttfn
>
>
> Richard
>
>
>
> From: Paul Cundell [mailto:[email protected]]
> Sent: 21 February 2012 21:16
> To: Richard Naef
> Cc: Leeds List
> Subject: Re: [LU] Waccoe thread
>
>
>
>
>
> On Thursday, 16 February 2012, Richard Naef wrote:
> > ignoring the personal data issue.  What does Bates say that is wrong?
> >
> > I am afraid he is right, Football finances are going to hit the fan very
> > soon and a lot of clubs are going to go bust.
>
> But we've already gone bust, Bates crows about the mismanagement of other
> clubs whilst he increased our debt AND failed to pay HMRC £7m - how can
> that
> be construed as financial prudence?
> Bates tells us that the player cost budget is 2m overspent and asks where
> do
> we think that money came from.
> I'd like to know that too, I'd also like to know where the other £16m goes.
> Transparency would solve a lot of the fan-club issues. One can only imagine
> why transparency would be a problem.
>
> > I'd prefer if Leeds weren't
> > one of them.
>
> We already have been one of them.
>
> > I also don't want to be owned by a Russian Gangster or Middle
> > eastern dictator.  Bates is Evil and a Bastard but I am afraid unless he
> is
> > lying about the publicly available figures he is right.
>
> I'm intrigued, why do you think Bates is better than an oligarch, sheikh or
> mafioso?
>
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> PETE CASS (1962 - 2011) Rest In Peace Mate
>
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