How much money has Bates personally taken out of the club? Do you know? Boxes bring in good revenue. The ground is being refurbed with borrowed money - money that could not be borrowed to spend on players. Can't argue with the litigation - but even if you halved that, it'd not make that big a difference. Mark In a message dated 14/09/2012 18:52:24 GMT Daylight Time, [email protected] writes:
Maybe only 3% return cos he spent all the money on litigation, boxes and lining his own pockets? ____________________________________ From: "[email protected]" <[email protected]> To: [email protected]; [email protected] Cc: [email protected] Sent: Friday, September 14, 2012 1:50 PM Subject: Re: [LU] Spending on players Goodness me, common sense on the list! The numbers seem to add up, given the constraints of having Bates in charge. 50% of t/o on player wages, yet only 3% return. LUST proposes upping spending to 60% - which would push us into losses. Not seeing any practical ways to improve things here. Interesting to note that Southampton, Norwich etc have used Ridsdalenomics to get out of the championship - 90-100% of t/o on wages. Such is the benefit of an owner with deep pockets - ie NOT Ken Bates. Roll on next week. Mark In a message dated 14/09/2012 17:14:39 GMT Daylight Time, [email protected]_ (mailto:[email protected]) writes: 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]_ (mailto:[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. > > _______________________________________________ > Leedslist mailing list > Info and options: > http://mailman.greennet.org.uk/mailman/listinfo/leedslist > To unsubscribe, email [email protected]_ (mailto:[email protected]) > > PETE CASS (1962 - 2011) Rest In Peace Mate > -- _vectoria.co.uk_ (http://vectoria.co.uk/) _concentrichron.com_ (http://concentrichron.com/) -- Mindbrix -- Dream it, draw it, build it, love it 69 Derby Street Beeston Nottingham NG9 2LG +44 7905 311 352 [email protected]_ (mailto:[email protected]) _www.mindbrix.co.uk_ (http://www.mindbrix.co.uk/) Skype: ntbarber _twitter.com/mindbrix_ (http://twitter.com/mindbrix) _______________________________________________ Leedslist mailing list Info and options: _http://mailman.greennet.org.uk/mailman/listinfo/leedslist_ (http://mailman.greennet.org.uk/mailman/listinfo/leedslist) To unsubscribe, email [email protected]_ (mailto:[email protected]) PETE CASS (1962 - 2011) Rest In Peace Mate _______________________________________________ Leedslist mailing list Info and options: _http://mailman.greennet.org.uk/mailman/listinfo/leedslist_ (http://mailman.greennet.org.uk/mailman/listinfo/leedslist) To unsubscribe, email [email protected]_ (mailto:[email protected]) PETE CASS (1962 - 2011) Rest In Peace Mate _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] PETE CASS (1962 - 2011) Rest In Peace Mate
