comment by Jonty (U4614)
posted 15 hours, 25 minutes ago
comment by Kebablegs (U17699)
posted 7 hours, 26 minutes ago
Even promotion does not justify the risk
Premier league money does not run as deep as many think.
If leeds go up this season
we owe around £20m in player bonuses.
We owe wolves £15m even if we stay down
Potential £5m Meslier
How much would it cost for Harrison £10m?
How much would it cost for White £20m?
How much do we owe gfh and Cellino and maybe even Bates still?
That’s £70m gone just to keep the same team!
Add in the automatic wage increase clause in the present squad and their won’t be much left for new players.
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Kebab is right to a degree, but where this bit about owing Bates abd Cellino comes from I don’t know, the contingent liabilities are quantified in the accounts and are mainly bonuses for promotion or transfer clause based on promotion, last set of accounts was around 18mill I think.
So there is 18 mill ish to pay them costa 15 mill then Augustin is that another 18 mill? That’s 50 mill you pay on getting promoted yet club doesn’t not receive 100+ mill on getting promoted so you have a clear potential cash flow issue.
You throw in Harrison and meslier that makes it 13 mill or so worse so you’re spending 60 mill plus to keep the same team that has laboured you get up over 2 years, which clearly needs strengthening even just fir this division let alone the prem.
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Note the ? over the payments to the old owners.
I seem to recall Bates and GFH having clauses owing them money if we were promoted in so many seasons after them leaving?
https://www.hitc.com/en-gb/2016/03/03/remarkable-accounts-show-leeds-united-could-be-paying-gfh-capita/
Did you just use hitc as s source of info?
If anyone has a need for alcohol free beer (I take this out to get togethers if I’m driving) and likes a decent IPA then this one is virtually impossible to distinguish from the real thing.
Tesco have it on £3 for three at the moment. Knocks the socks off any other low or no alcohol beer I’ve tried.
Brewed in Sweden.
Won’t be on it today if we win or lose
https://www.drinkfinder.co.uk/a-ship-full-of-ipa-alcohol-free-beer-330ml.html?gclid=Cj0KCQiAv8PyBRDMARIsAFo4wK0OaSoZYRug_-mRgxAzW-xOmWLC7v9k0ltpx0rib3zjYEmNLSDUyGMaAsIaEALw_wcB
Stoops.. love an IPA.. am skeptical but may give it a try 👍
comment by The Spanish Italians - its all going to end in... (U21595)
posted 1 hour, 1 minute ago
Stoops.. love an IPA.. am skeptical but may give it a try 👍
----------------------------------------------------------------------
Bet you like it!
comment by Jonty (U4614)
posted 6 hours, 54 minutes ago
Did you just use hitc as s source of info?
----------------------------------------------------------------------
Using an HP source now and YEP saying that the £17.5 debt with GFH was restructured to be paid off in installments each year until 2029. So this £1.9m per year will probably be included in the contingent liabilities. I guessed the promotion liabilities would probably had risen in line with wage bill rises so more likely £20m than £18m now. Either way my figures were pretty good and we wont have much to spend on top of keeping our current side.
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Casilla / Meslier
Page 3 of 3
posted on 21/2/20
comment by Jonty (U4614)
posted 15 hours, 25 minutes ago
comment by Kebablegs (U17699)
posted 7 hours, 26 minutes ago
Even promotion does not justify the risk
Premier league money does not run as deep as many think.
If leeds go up this season
we owe around £20m in player bonuses.
We owe wolves £15m even if we stay down
Potential £5m Meslier
How much would it cost for Harrison £10m?
How much would it cost for White £20m?
How much do we owe gfh and Cellino and maybe even Bates still?
That’s £70m gone just to keep the same team!
Add in the automatic wage increase clause in the present squad and their won’t be much left for new players.
----------------------------------------------------------------------
Kebab is right to a degree, but where this bit about owing Bates abd Cellino comes from I don’t know, the contingent liabilities are quantified in the accounts and are mainly bonuses for promotion or transfer clause based on promotion, last set of accounts was around 18mill I think.
So there is 18 mill ish to pay them costa 15 mill then Augustin is that another 18 mill? That’s 50 mill you pay on getting promoted yet club doesn’t not receive 100+ mill on getting promoted so you have a clear potential cash flow issue.
You throw in Harrison and meslier that makes it 13 mill or so worse so you’re spending 60 mill plus to keep the same team that has laboured you get up over 2 years, which clearly needs strengthening even just fir this division let alone the prem.
----------------------------------------------------------------------
Note the ? over the payments to the old owners.
I seem to recall Bates and GFH having clauses owing them money if we were promoted in so many seasons after them leaving?
https://www.hitc.com/en-gb/2016/03/03/remarkable-accounts-show-leeds-united-could-be-paying-gfh-capita/
posted on 22/2/20
Did you just use hitc as s source of info?
posted on 22/2/20
If anyone has a need for alcohol free beer (I take this out to get togethers if I’m driving) and likes a decent IPA then this one is virtually impossible to distinguish from the real thing.
Tesco have it on £3 for three at the moment. Knocks the socks off any other low or no alcohol beer I’ve tried.
Brewed in Sweden.
Won’t be on it today if we win or lose
https://www.drinkfinder.co.uk/a-ship-full-of-ipa-alcohol-free-beer-330ml.html?gclid=Cj0KCQiAv8PyBRDMARIsAFo4wK0OaSoZYRug_-mRgxAzW-xOmWLC7v9k0ltpx0rib3zjYEmNLSDUyGMaAsIaEALw_wcB
posted on 22/2/20
Stoops.. love an IPA.. am skeptical but may give it a try 👍
posted on 22/2/20
comment by The Spanish Italians - its all going to end in... (U21595)
posted 1 hour, 1 minute ago
Stoops.. love an IPA.. am skeptical but may give it a try 👍
----------------------------------------------------------------------
Bet you like it!
posted on 22/2/20
comment by Jonty (U4614)
posted 6 hours, 54 minutes ago
Did you just use hitc as s source of info?
----------------------------------------------------------------------
Using an HP source now and YEP saying that the £17.5 debt with GFH was restructured to be paid off in installments each year until 2029. So this £1.9m per year will probably be included in the contingent liabilities. I guessed the promotion liabilities would probably had risen in line with wage bill rises so more likely £20m than £18m now. Either way my figures were pretty good and we wont have much to spend on top of keeping our current side.
Page 3 of 3