we've been in this situation before, where any bit of positive news we go crazy
but this time i think its different
we don't know the new owners/investors plan's - will bates retain any control?
"signed an exclusive agreement to lead and arrange the acquisition of Leeds City Holdings, the parent company of LUFC."
Basically they are saying they are arranging the purchase on an exclusive basis.
It's done - just need the meat on the bones now. In fact I'm pretty certain it was all sorted on Sunday when they were all in London with the lawyers. I fully expected an announcement Tuesday before the game but as they have to inform the stock exchange first that didn't happen - I expect it will come out today or tomorrow now.
Basically they are saying they are arranging the purchase on an exclusive basis.
------------------------------------------------------------------------------
Excatly
so its not a done deal YET
Comment deleted by Site Moderator
I dont understand all of this
I agree, its certainly not a done deal, we all know Bates' can produce a last minute spanner.
However, they wouldnt announce it on the stock exchange unless the company were 100% sure it was going to happen, it would be far too big a risk to their stock value otherwise. It may take a bit more time to get everything finalised. My guess is middle of next week.
I honestly dont care if the investment isnt as big as the one Man City enjoy, I just want it to be the next step, i.e. thank you to Bates for (at best) steading the ship, now lets have investors to get us to the next level and in a position to stay there.
Ryan, you have never understood anything, you think the moon is made of cream cheese and LIW is a rhubarb grower with tourettes...!!
(Well on the second part you're probably right!!)
LIW in your opinion,
from what you have read, do you think that GFH have serious financial influence? In terms of being able to spend the cash needed to get us back to the prem and then keep us there?
Look - it's been reported to the stock exchange now and that's a very positive sign. No need to worry guys - the buyers will be either a consortium or a family from Bahrain. GFH are arranging the purchase and it's probably going to be David Haigh in the hot seat at LUFC.
Going out now - mainly to do some work but also to get away from the computer before all the negative's start posting.
Newby to this site so be nice! Positive news but waiting for official confirmation before getting over excited. Looking good. Let's keep the faith.
GFH won't own us - they are organising, exclusively, the purchase for someone else. I don't think they have the funds on their own but I could be wrong there.
LUFC will probably be like an investment fund with exclusive investors and with GFH running the show for them.
It will mean serious investment in the team not in infrstructure and Monaco!We have had 7 years of hell under the cretin I hope he chokes on his money!
Bates may be selling the club, but I think this could be bad for us, no matter what anyone says, he has turned the club around completely. Now because of some impatient fans, it looks like we have driven him out. How do we know these new owners are not financially incompetent? How do we know they know anything about running a club?
Don't understand why people am saying negative.
I can read that's all.
The deal isnt completed, as yet. But people are saying it is.
Frank
The only positve for me is that bates will be gone.
Doesnt look like its going to be someone rich plaything to me.
The statement says about how much profit we made and how much extra income we'd get if in prem.
Might not be great news
Hope the new owners are similar to Man City's and not Blackburn or Portsmouth's!!
Will not get too carried away until they make their intentions clear
you don't change do you LIW however agree, can't get too excited yet but will be nice to see a fuller ground again.
It's an investment! Can't you all understand that?
GFH are investment experts in the middle east and are fronting this for a group or family who want to purchase an English Club with the potential to give them a great return on their outlay PLUS the chance to be at the top table of football.
Don't expect them to throw millions at it but do expect investment in the team and the club to enable LUFC to get back where we all think they belong - playing the likes of Everton and Manu week in week out and back in Europe. There is real money to be made and they know we are one of the best supported clubs in the country with the potential to rival the top 4 - if they act wisely.
I'd rather not be some rich persons plaything anyway (well unless it was Cammy Diaz)
.. and it's in the Himalayan Times now so it must be true
http://thehimalayantimes.com/fullNews.php?headline=Bahrain+firm+says+to+lead+Leeds+United+acquisition&NewsID=348856
Stoopo
Bates said that the prospective owners were a banking institution. Was he talking about GFH or those behind?
"Don't expect them to throw millions at it"
Well if thats the case then we wont be much better off.
People hatred of Bates really does blind some
its the first time a buyer has stated to the stock market that its is their intention to buy the club
Check your emails chorley, I need your adress
"Don't expect them to throw millions at it"
Well if the rumoured £40M agreed price is anything to go by, they already have thrown millions into us - you wouldn't spend that kind of dosh and let your investment stagnate - that's not the way arabs work
The info i got was that the people involved dont have lots of cash but when takeover is done are selliong 50% to a Saudi outfit who have pots of cash
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Dont want to pi ss on anyone's bonfire
Page 1 of 3
posted on 27/9/12
we've been in this situation before, where any bit of positive news we go crazy
but this time i think its different
we don't know the new owners/investors plan's - will bates retain any control?
posted on 27/9/12
"signed an exclusive agreement to lead and arrange the acquisition of Leeds City Holdings, the parent company of LUFC."
Basically they are saying they are arranging the purchase on an exclusive basis.
It's done - just need the meat on the bones now. In fact I'm pretty certain it was all sorted on Sunday when they were all in London with the lawyers. I fully expected an announcement Tuesday before the game but as they have to inform the stock exchange first that didn't happen - I expect it will come out today or tomorrow now.
posted on 27/9/12
Basically they are saying they are arranging the purchase on an exclusive basis.
------------------------------------------------------------------------------
Excatly
so its not a done deal YET
posted on 27/9/12
Comment deleted by Site Moderator
posted on 27/9/12
I dont understand all of this
posted on 27/9/12
I agree, its certainly not a done deal, we all know Bates' can produce a last minute spanner.
However, they wouldnt announce it on the stock exchange unless the company were 100% sure it was going to happen, it would be far too big a risk to their stock value otherwise. It may take a bit more time to get everything finalised. My guess is middle of next week.
I honestly dont care if the investment isnt as big as the one Man City enjoy, I just want it to be the next step, i.e. thank you to Bates for (at best) steading the ship, now lets have investors to get us to the next level and in a position to stay there.
posted on 27/9/12
Ryan, you have never understood anything, you think the moon is made of cream cheese and LIW is a rhubarb grower with tourettes...!!
(Well on the second part you're probably right!!)
posted on 27/9/12
LIW in your opinion,
from what you have read, do you think that GFH have serious financial influence? In terms of being able to spend the cash needed to get us back to the prem and then keep us there?
posted on 27/9/12
Look - it's been reported to the stock exchange now and that's a very positive sign. No need to worry guys - the buyers will be either a consortium or a family from Bahrain. GFH are arranging the purchase and it's probably going to be David Haigh in the hot seat at LUFC.
Going out now - mainly to do some work but also to get away from the computer before all the negative's start posting.
posted on 27/9/12
Newby to this site so be nice! Positive news but waiting for official confirmation before getting over excited. Looking good. Let's keep the faith.
posted on 27/9/12
GFH won't own us - they are organising, exclusively, the purchase for someone else. I don't think they have the funds on their own but I could be wrong there.
LUFC will probably be like an investment fund with exclusive investors and with GFH running the show for them.
posted on 27/9/12
It will mean serious investment in the team not in infrstructure and Monaco!We have had 7 years of hell under the cretin I hope he chokes on his money!
posted on 27/9/12
Bates may be selling the club, but I think this could be bad for us, no matter what anyone says, he has turned the club around completely. Now because of some impatient fans, it looks like we have driven him out. How do we know these new owners are not financially incompetent? How do we know they know anything about running a club?
posted on 27/9/12
Don't understand why people am saying negative.
I can read that's all.
The deal isnt completed, as yet. But people are saying it is.
Frank
The only positve for me is that bates will be gone.
Doesnt look like its going to be someone rich plaything to me.
The statement says about how much profit we made and how much extra income we'd get if in prem.
Might not be great news
posted on 27/9/12
Hope the new owners are similar to Man City's and not Blackburn or Portsmouth's!!
Will not get too carried away until they make their intentions clear
posted on 27/9/12
Agree LIW
posted on 27/9/12
you don't change do you LIW however agree, can't get too excited yet but will be nice to see a fuller ground again.
posted on 27/9/12
It's an investment! Can't you all understand that?
GFH are investment experts in the middle east and are fronting this for a group or family who want to purchase an English Club with the potential to give them a great return on their outlay PLUS the chance to be at the top table of football.
Don't expect them to throw millions at it but do expect investment in the team and the club to enable LUFC to get back where we all think they belong - playing the likes of Everton and Manu week in week out and back in Europe. There is real money to be made and they know we are one of the best supported clubs in the country with the potential to rival the top 4 - if they act wisely.
I'd rather not be some rich persons plaything anyway (well unless it was Cammy Diaz)
posted on 27/9/12
.. and it's in the Himalayan Times now so it must be true
http://thehimalayantimes.com/fullNews.php?headline=Bahrain+firm+says+to+lead+Leeds+United+acquisition&NewsID=348856
posted on 27/9/12
Stoopo
Bates said that the prospective owners were a banking institution. Was he talking about GFH or those behind?
"Don't expect them to throw millions at it"
Well if thats the case then we wont be much better off.
posted on 27/9/12
People hatred of Bates really does blind some
posted on 27/9/12
its the first time a buyer has stated to the stock market that its is their intention to buy the club
posted on 27/9/12
Check your emails chorley, I need your adress
posted on 27/9/12
"Don't expect them to throw millions at it"
Well if the rumoured £40M agreed price is anything to go by, they already have thrown millions into us - you wouldn't spend that kind of dosh and let your investment stagnate - that's not the way arabs work
posted on 27/9/12
The info i got was that the people involved dont have lots of cash but when takeover is done are selliong 50% to a Saudi outfit who have pots of cash
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