Looks like McDermott's safe

I know we need to buy it back at some point but surely it would be wise to get promoted first and then buy it back with the windfall that brings....

Maybe i'm wrong but I just think the priority should be on the field for once

wasted enough money on rent

gelderd82

Cellino isn't proposing to mortgage the gate receipts to buy back the ground.

" I know we need to buy it back at some point but surely it would be wise to get promoted first and then buy it back with the windfall that brings....

Maybe i'm wrong but I just think the priority should be on the field for once "


I entirely agree that the priority should be the field of play, however Cellino is using his own money to buy the ground. Not comparable with the East Stand which landed the club in debt, and led to player sales

if we have the chance to get the ground back, without incurring debt, then should take it as quickly as possible.

I'm all for buying the ground back:

When we have the money and that doesn't impinge on strengthening team.

And that we don't buy it just to sell it to developers and end up with smaller or inferior ground.

jonty

in the long term it should mean we have more money to spend on team, because we wont be leaking money through rent

Phil hay has just said on Radio Leeds if Together Leeds takeover they would buy back ground through another mortgage. Cellino proposing to do it in one payment with his own money. Simon Austin said Cellino says he will clear club of debt within a month if he takes over, as well as buy back ground and TA

forever, it should mean that, but we've had lots of 'should' situations over the years.

Spend 16 mill to buy ER back, it's 8 years before that purchase has paid for itself, maybe longer actually.

So there has to still be plenty of other money to fund transfers.

Spend 16 mill to buy ER back, it's 8 years before that purchase has paid for itself, maybe longer actually.
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Kind of agree Jonty - but promotion to prem and all the revenue that brings would theoretically pay it off a lot sooner. Nothing guaranteed mind.