Sounds good. The commercial side of the club is a joke. I could raise a few million just by sorting out the useless bar staff.
I don't know about the rest of the ground, but you have to queue for 15 minutes to get a drink and a pie in the NE corner. Yesterday they sold out of pies before half time, they often sell out of lager, or bitter. Never struggled like that in any other ground, although as away fans Leeds are usually in a dry away end anyway. On 22 December 2013 13:13, Rick Duniec <[email protected]> wrote: > ----- Original Message ----- Subject: Re: [LU] Barnsley > I am quite happy with the way things are at present - so > much better than this time last year.Now it is all a case of the latest > takeover going through and seeing what money we have, and spending it > wisely............. > I have faith in McDermott and I think if we back him with cash he will do > the business - he is here for the long term. > > Agree completely that we are so much better off as a club after the > slaying of the dragon. Hope is everything and Bates was the killer of hope. > The central problem remains though that irrespective of who owns the club, > the financial millstone put around our necks by Bates has not yet been > removed - no matter how much new owners may wish to "immediately" remove it. > > The new requirement is for each club to submit 6 monthly business > forecasts (Future Financial Information - FFI) to the FL. > This also has to be done again as a part of the FL approval of any new > owners. > I suspect that Leeds have combined the standard 6 monthly submission (due > now) with the new ownership 'transfer' approval application. > Each club needs to show that the business is sustainable or it cannot take > free part in the transfer market nor can it re-sign current players. > > I think that it is well established that Bates tore the heart out of the > income side of the equation for this season (by borrowing against or > 'discounting' the income streams). > So, our budgets MUST have had a gaping hole where the normal income > streams should have been. > To repair this you need either new income sources or reduced expenditure > to balance things out. > The alternative is a transfer embargo (without specific case by case > permission). > > In the past a new owner could simply inject capital, let's say to fund > player acquisitions. The new rules are specifically intended and framed so > that a club which is not financially sustainable as a business (according > to its own business forecasts) cannot invest into the squad - historically > this was to the potential eventual financial disadvantage of non football > creditors and HMRC. > > What happens if new owners inject capital anyway ? > Well then you face the FFP regulations which are a retrospective "test", > (that's FFP, not FFI). > If you pump in too much "owners" cash then you get hit by FFP sanctions. > Any such "fine" makes the subsequent budgets that much more difficult to > balance for the next season - and remember that the sanction for failing > that is (effectively) no spending on the squad. > > So any new owners have to fit in with both sets of requirements or take on > board the penalties for not meeting the rules. > That means that there is only so much 'headroom' available for new owners > whether that was GFH-C or the new management buy out (for that is what > appears to be the best description). > Having the money available and having the will to spend it is no longer > enough. The business has to demonstrate its capacity to allow that > expenditure. > > What Leeds needs right now is new sources of income (certainly to permit > squad expenditure this season). Sponsorship deals would appear to be an > obvious target - perhaps stadium naming etc. We also need to be able to > justify any income forecasts which would include attendances, beer and pie > sales, shop sales etc - all of which appear to have been the subject of > recent 'marketing initiatives'. I'd expect some sort of naming rights deal > on Elland Road (or maybe even TA) at least for long enough to get to the > replenished income streams for next season. > _______________________________________________ > Leedslist mailing list > Info and options: > http://mailman.greennet.org.uk/mailman/listinfo/leedslist > To unsubscribe, email [email protected] > > John 'Grampa' Sykes > Rest In Peace old lad > 28th Oct 1938 - 12 Nov 2013 > MARCHING ON TOGETHER > _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] John 'Grampa' Sykes Rest In Peace old lad 28th Oct 1938 - 12 Nov 2013 MARCHING ON TOGETHER
