SecretLeeds - History, culture and architecture in Leeds

Hot of tonights presshttp://www.yorkshireeveningpost.co.uk/news/BRE ... 380.jpGood news for the club,and the city,but why cant they borrow £6m to fix the appalling state of the roads.............Oh no,im really getting old now!!

It's real good business for both, I just wish the old b*****d would invest his own money for a change.    

cnosni wrote: Hot of tonights presshttp://www.yorkshireeveningpost.co.uk/news/BRE ... 380.jpGood news for the club,and the city,but why cant they borrow £6m to fix the appalling state of the roads.............Oh no,im really getting old now!! The answer is in the question there cnosni - give or take the odd set of gates.

This is the most sensible outcome. The deal is self financing and the property is worth more than twice the asking price.It would have been cippling for the club to have to finance it. This is a real boost and hopefully will be the perfect stepping stone to kick on to the next level.People like Peter Swann want to keep his his mouth shut now.

Reginal Perrin wrote: This is the most sensible outcome. The deal is self financing and the property is worth more than twice the asking price.It would have been cippling for the club to have to finance it. This is a real boost and hopefully will be the perfect stepping stone to kick on to the next level.People like Peter Swann want to keep his his mouth shut now. Would it have been crippling though? The sale of Delph would have made the majority of the input, that and the fact we were one of only a very few clubs to actually make a proffit last season. The finances of the club are very healthy, so why would Bates renaege on yet another promise? I'm not knocking the present set-up, just don't understand why Bates hasn't lived up to his words.... Again!!

simonm wrote: Reginal Perrin wrote: This is the most sensible outcome. The deal is self financing and the property is worth more than twice the asking price.It would have been cippling for the club to have to finance it. This is a real boost and hopefully will be the perfect stepping stone to kick on to the next level.People like Peter Swann want to keep his his mouth shut now. Would it have been crippling though? The sale of Delph would have made the majority of the input, that and the fact we were one of only a very few clubs to actually make a proffit last season. The finances of the club are very healthy, so why would Bates renaege on yet another promise? I'm not knocking the present set-up, just don't understand why Bates hasn't lived up to his words.... Again!! Why spend allt he money you have int he kitty when you can sot an alternative funding source? The Delph, Garbutt and other juniors money cn be used to take the club forward.Buying it outright would always be the last resort. No-one criticises Real or Barcelona for having close financial links to their municipality.I think it''s great all round.    

Don't agree that buying it outright would be any hardship. Were generating massive amounts of money from Gate, now that the wage bill is decent once again and Larry isn't throwing good money down the drain. He's using his noggin in his loan appointments. As to owning it outright, it would be a massive boost to any potential investor, who likes to make sure assetts are what they are supposed to be. What assetss do we have at present???? Owning the TA would be a big bonus for us again. I don't have a problem with renting off the council, just that I feel outright ownership would benefit us more!

all this tells me,is the old club is still in the sheeiite financially...i concur,that he needs to throw some of his own cash at it!

simonm wrote: Don't agree that buying it outright would be any hardship. Were generating massive amounts of money from Gate, now that the wage bill is decent once again and Larry isn't throwing good money down the drain. He's using his noggin in his loan appointments. As to owning it outright, it would be a massive boost to any potential investor, who likes to make sure assetts are what they are supposed to be. What assetss do we have at present???? Owning the TA would be a big bonus for us again. I don't have a problem with renting off the council, just that I feel outright ownership would benefit us more! If we had owned it we would have only used it to raise finance on it and potentially lose it again like last time. I'm happy we have secured it's use long term. The main aim is to have these facilities not be able to mortgage them. Thereis a take over in the offing anyway so a few sources have told me.

Reginal Perrin wrote: simonm wrote: Don't agree that buying it outright would be any hardship. Were generating massive amounts of money from Gate, now that the wage bill is decent once again and Larry isn't throwing good money down the drain. He's using his noggin in his loan appointments. As to owning it outright, it would be a massive boost to any potential investor, who likes to make sure assetts are what they are supposed to be. What assetss do we have at present???? Owning the TA would be a big bonus for us again. I don't have a problem with renting off the council, just that I feel outright ownership would benefit us more! If we had owned it we would have only used it to raise finance on it and potentially lose it again like last time. I'm happy we have secured it's use long term. The main aim is to have these facilities not be able to mortgage them. Thereis a take over in the offing anyway so a few sources have told me. The only reason we lost it last time was 120 MILLION in debt and no other assets.