That's the irony. Thrift is in every Leeds fan's blood, but they want their
club to behave in direct opposition to their own instincts -- and this is
despite us still suffering from the legacy of the last chairman who did
exactly that.


Nigel.



On 14 September 2012 11:58, dave walmsley <[email protected]>wrote:

> One of the problems with the LUST statement about spending more on the
> team, is that it is easier said than done. It's not like a manufacturing
> company buying new machinery to increase productivity.
>
> If I owned the club, (I wish!),  I would spend very conservatively on the
> team, hoping that I had a manager that could first prove to me he spends
> very well. Even then, I'd only let him spend well within certain limits.
> Other people may take more risk, and may achieve success more quickly as a
> result (or get into difficulty quicker).
>
> Prior to the banking crisis, the HSBC board, who were bankers born and
> bred, were often criticised for their very cautious approach by analysts
> and shareholders. Whereas other banks, who subsequently needed massive
> bailouts!, were run by people with little actual banking experience.
>
> Has the analyst who has "looked over" the accounts actually got any
> experience of running a football club, or even working within football for
> a significant time?
>
> This really is irrespective of whether Ken Bates is the owner or not. The
> bottom line, though, is that a cautious approach to spending on players
> cannot be easily criticised.
>
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>
> PETE CASS (1962 - 2011) Rest In Peace Mate
>



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