or to join or start a new Discussion

20 Comments
Article Rating 1 Star

A line in GFH statement

GFH made a statement tonight with regards to rumours about investment.

http://www.leedsunited.com/news/20130210/gfh-capital-a-message-to-fans_2247585_3071844

Buried in that statement was an interesting line:

"Off the pitch, we have made significant investment of working capital that was crucial to keeping the club running.

Does this mean that without that 'crucial' investment we would have gone into admin again?

That sounds like we had real financial problems. I can't see how that has improved without gates having declined substantially below break even numbers.

comment by Batty (U4664)

posted on 10/2/13

It will defo be yet another rollercoaster summer, Jonty.
Will it ever stabilize? Doubt it. And so is our club.

comment by Jonty (U4614)

posted on 10/2/13

batty, my fear is that cashless owners dont have funds to do job properly, club deteriorates and eventually gets sold on etc....thats exactly how we ended up in Bates hands.

It really isn't a million miles from Pompey situation if we're not careful.

If we go out of FA Cup v man city then there is very little to excited about on pitch and GFH could be in for bumpy ride during fans forum which they should have held before transfer window closed.

comment by Stoopo (U4707)

posted on 10/2/13

It's thought that Pearson offered to buy a controlling interest but they have not accepted the offer.

Note the wording. They have not rejected the offer only 'not accepted' it.

Negotiations are probably still going on.

I expect some form of investment to come into the club soon and that will enable the club to move on in the summer.

posted on 10/2/13

I think GFH have done a great bit of business and will have a host of investors looking to invest in one of the most under valued clubs in Europe. Good luck to them.

comment by Sol (U2745)

posted on 10/2/13

There seems to be a whole lot of scaremongering going on tonight.

Par for the course, I suppose.

posted on 11/2/13

This whole saga is fishier than a boil-in-the-bag kipper......

comment by Stoopo (U4707)

posted on 11/2/13

I think Pearson started this with his comments last week. Not scaremongering but speculation and GFH have come out and said they have not accepted an offer - so it must have substance.

comment by leeds62 (U2387)

posted on 11/2/13

I think that Pearson made the statement to make fans aware that all is noy rosy with the finances of our new owners and it would,nt surprise me if this means we will have new owners in a very short time,.Its obvious that no one wanted to deal with Bates

posted on 11/2/13

Leeds61, correct, I do now know for a fact that GFH bought the club to sell on, and there are 2 front runners to buy the club, Pearson and another... GFH are finding the right price, they saw a good opotunity to buy Leeds from Bates, as nobody esle would deal with him.... now the buyers are back in line as they will be dealing with GFH, a banking firm....

people think GFH have no money to invest, well correct, they won;t heavily invest in something they KNOW they won't own come next summer.

Pearson will own LUFC in the summer IMO

posted on 30/3/14

Comment Deleted by Site Moderator

Sign in if you want to comment
RATE THIS ARTICLE
Rate Breakdown
5
0 Votes
4
0 Votes
3
0 Votes
2
0 Votes
1
0 Votes

Average Rating: 1 from 2 votes

ARTICLE STATS
Day
Article RankingNot Ranked
Article ViewsNot Available
Average Time(mins)Not Available
Total Time(mins)Not Available
Month
Article RankingNot Ranked
Article ViewsNot Available
Average Time(mins)Not Available
Total Time(mins)Not Available