The ownership situation

[CarelessAir]

Radz lining his death bed it would seem...

[Overman]

Given the figures banded about for Mbappe I hope the whole football industry just collapses in on itself and proper FFP rules are introduced. we are way past the point where clubs are self sustaining and the oil states are just accelerating it year on year - will be at 500 million pound transfer before we know it, players on 100 million a year and the worst thing is fans cheer it on all the while slaving away for peanuts barely having enough money to put food on the table. those with the power to do anything are only concerned with lining their own pockets.

Well said, I hope the whole elite football tier implodes. It really is obscene and totally unethical in the grand scheme of things.

[William]

My old pal Ges has refused to purchase membership cards for him & his son in the future.

God knows how many members feel aggrieved this season, 1000s I suspect.

I saw one game and then I had to book hospitality.

£315.

But I got to be there and Joffy scored that winner right in front of me.

I got the email to renew but am waiting and weighing up my options

[Cjay]

Still feel this needs sorting.

When a club is asking for the majority of transfer money paid upfront that isn't normal at all.

That does indicate a cash problem.

No way our ridiculous 56/44 ownership split isn't an issue imo

For me the club asking for the majority of fees upfront has set off alarm bells.

[lufc1304]

If it isn't the norm, and I've no reason to doubt you, Cjay, then that does suggest we are cash poor or mortgaged to the hilt with loans (that are perhaps short term and due to be called in). Whatever the position, it is a worry that we can't do business without getting paid upfront. Some transparency and clarity would be good, if only to stop us all guessing as to what sort of state our finances are in.

[Irish Ian]

Still feel this needs sorting.

When a club is asking for the majority of transfer money paid upfront that isn't normal at all.

That does indicate a cash problem.

No way our ridiculous 56/44 ownership split isn't an issue imo

For me the club asking for the majority of fees upfront has set off alarm bells.

I reckon the club will need the £20M to cover the JKA fiasco pretty soon.
Plus we borrowed against this seasons TV rights last time if I recall.
But for me the fact we are dealing with Barca who have demonstrated fiscal irresponsibility on a massive scale is the most pressing issue when it comes to cash flow.

[Kennyb41]

I wonder if Bert was fully aware of our finance situation, should he have been ? Or does he get on with the playing and leave the money to the boffins ? Surely he would know the basic housekeeping available in's and outs type of simple stuff yes? Is it part of the big Jesses job now to control all of that, or just let the Monkey loose like a child in a toffee shop?

[whiteswan]

Still feel this needs sorting.

When a club is asking for the majority of transfer money paid upfront that isn't normal at all.

That does indicate a cash problem.

No way our ridiculous 56/44 ownership split isn't an issue imo

For me the club asking for the majority of fees upfront has set off alarm bells.

I remember Ridsdale keeping quiet when rumours of our financial situation started up at the start of our demise (not saying anything like that is happening again mind but no smoke without fire )

[hector]

I remember Ridsdale keeping quiet when rumours of our financial situation started up at the start of our demise (not saying anything like that is happening again mind but no smoke without fire )

Well put the matches down then Duckie!!!

[whiteswan]

Well put the matches down then Duckie!!!

Nowt to do with me heccy

[Mountain]

I reckon the club will need the £20M to cover the JKA fiasco pretty soon.

Plus will have to stump up unpaid wages too.

I'd say well over £25 mill.

[whiteswan]

Well said, I hope the whole elite football tier implodes. It really is obscene and totally unethical in the grand scheme of things.

Salah just signed a new contract. £400,000 a week. A WEEK! Obscene doesn't even cover it !

[Cjay]

Had hoped for clarification this summer over this ridiculous impasse ownership situation.

Hasn't arrived so far.

1 owner unable to fund the club so sells pieces of the pie to a venture capital fund who to date have not invested 1 penny into the club aside from buying shares.

Club survives by the skin of its teeth on the last day then sells its two best players and gets within a few weeks of the new season with a net spend of 0.

So what is happening here?

What does Radz plan on doing going forward?

What do the 49ers investment fund actually do for LUFC? Been involved for years now, anyone any idea what they bring to the table?

Do we think Radz regrets getting them involved?

How does this end? Does Radz sell up to them? Will they even want to buy? Most funds are looking for an exit after 5 years and they arrived in 2018.

Radz seems almost annoyed at the suggestion of selling up.

What is the plan here?

[whiteswan]

Had hoped for clarification this summer over this ridiculous impasse ownership situation.

Hasn't arrived so far.

1 owner unable to fund the club so sells pieces of the pie to a venture capital fund who to date have not invested 1 penny into the club aside from buying shares.

Club survives by the skin of its teeth on the last day then sells its two best players and gets within a few weeks of the new season with a net spend of 0.

So what is happening here?

What does Radz plan on doing going forward?

What do the 49ers investment fund actually do for LUFC? Been involved for years now, anyone any idea what they bring to the table?

Do we think Radz regrets getting them involved?

How does this end? Does Radz sell up to them? Will they even want to buy? Most funds are looking for an exit after 5 years and they arrived in 2018.

Radz seems almost annoyed at the suggestion of selling up.

What is the plan here?

You ask too many questions of us Cjay, how the heck should we know

[Jaydog]

Salah just signed a new contract. £400,000 a week. A WEEK! Obscene doesn't even cover it !

Is he value for 400k a week? What is the intrinsic value of a PL goal. I’ve no idea but Faaip is quite knowledgeable about value but he won’t give you a bloody answer as to what on Earth it is

[Irish Ian]

I know you like to scratch around looking for thinks to worry about cjay but perhaps we will see the 49ers involvement come to the front when the plan to upgrade Elland Road gains traction.

At the moment Radz has been able to finance Leeds but at that point he will be unable to do so.

As you know the plan is a transition is to take place by 2024 so next year will more transparency as the sale gets closer.

As you also know Jesse met with the 49ers ahead of taking the job and spoke about it to the media. So imo their influence has already been felt. They were at EL the day before Bielsa was fired and it would be hard to believe that they were not part of the conversation that day.

So already we are seeing changes to the hierarchy ahead of 2024.

[Victor_Notts-17]

Had hoped for clarification this summer over this ridiculous impasse ownership situation.

Hasn't arrived so far.

1 owner unable to fund the club so sells pieces of the pie to a venture capital fund who to date have not invested 1 penny into the club aside from buying shares.

Club survives by the skin of its teeth on the last day then sells its two best players and gets within a few weeks of the new season with a net spend of 0.

So what is happening here?

What does Radz plan on doing going forward?

What do the 49ers investment fund actually do for LUFC? Been involved for years now, anyone any idea what they bring to the table?

Do we think Radz regrets getting them involved?

How does this end? Does Radz sell up to them? Will they even want to buy? Most funds are looking for an exit after 5 years and they arrived in 2018.

Radz seems almost annoyed at the suggestion of selling up.

What is the plan here?

Very good post! That good, I have nothing to add (except my support)...

[Irish Ian]

Very good post! That good, I have nothing to add (except my support)...

But all he did was ask questions

[Victor_Notts-17]

But all he did was ask questions

I know but I still admire and support whet he wrote!

PS: I don't have the answers

[Victor_Notts-17]

I know but I still admire and support what he wrote!

PS: I don't have the answers