Transfer Crisis Threatens Leeds United

Transfer Crisis Threatens Leeds United

Out came the bunting in Leeds in April when Massimo Cellino purchased the club from outgoing (well basically at that point absent) GFH Capital. The Football League for all their input and general stalling had their decision to bar him from being a Director of the club overturned, and it was all systems go.

Well not quite it seems.

Sure Cellino and his family have set up shop in LS11, Edoardo and Ercole are now directors of Leeds, along with Massimo’s accountant Daniel Arty. He’s brought in Benito Carbone as a consultant. But to be frank Leeds United is either a Journalists wet dream right now – or their worst nightmare. Daily, something new comes out of the club, perhaps sometimes hourly, none of the news coming out though is about the players we might be adding to the squad, pre season or our Manager’s future.

As Carbone put it last week they are focusing on the economic dimension right now.

To summarise as best we can..

Cellino was frank in his exchanges with the Leeds United Supporters trust when he met them now 2 weeks ago. The club – nett – is losing £1m per month. He was (and we presume remains) concerned about the wage bill at Elland Road versus income.

Ken Bates messed that up by mortgaging season ticket income for 2 seasons to Ticketus, GFH Capital it seems didn’t really help matters much by borrowing sums to plug up that hole. Sums which are repayable in some cases to either themselves or their associated businesses, namely what they put in they were only ever going to get back – in addition to a sale price.

Winding up petitions have been an issue, HMRC, Andrew Flowers and Sports Capital have all had these filed against Leeds United. Cellino has settled all bar one (the latter). The nett effect of that challenge sadly has been the freezing of the clubs main bank account. Cellino seems well within his rights to challenge the winding up petition. Due or not, he cuts an increasingly frustrated figure as he faces up to a complete mess at Elland Road. He seems to have had little in the way of forbearance from the former owners or their associates as he tries to accomplish this. Certainly an opportunistic air surrounds the latter winding up petition.

Cellino has had to carry out a full business structure review at Leeds, and has asked questions which quite frankly none of us really want to face up to. Can we afford to run the academy? Can we afford to sign new players? On the face of it – no. Not if we carry on as we have before.

In the similarly dark days of Ken Bates lest we forget, this was the structure put in place post-administration. Yes that’s right, this came from a clean slate 7 years ago! With our major structural debts wiped out!

In some respects the apparent financial chaos at Leeds is the answer to the question many of us asked during Bates’ tenure, namely – where has all the money gone?

For Cellino to consider redundancies on the scale he has at Leeds and to challenge the amounts of rent we pay on Elland Road and Thorp Arch is telling. He has moved from I will buy Elland Road back next week to not being allowed to buy it from the nebulous Teak Holdings.  Lesser men would by now have either asked for help from outside investors or else put the club back up for sale. But Cellino really is up to his neck in it now, before he can even consider selling this Vauxhall Viva, hes got to put a new engine in it, wheels, tyres, seats.. You get the picture.

In addition to all of this its widely reported today that he has in principle agreed to sell Cagliari to a group of Americans for a reported £67m (subject to a planning permission being granted for the Club’s new stadium). He’s been very clear already though. That money is not a green light for Leeds United to behave like the proverbial drunken lottery winner, the structure at the club has to be fit for purpose, lean and deliver tangible value. All things that GFH Capital promised.

The backdrop to much of these machinations is the ongoing presence of GFH Capital and IIB on the board at Leeds United. As 25% stakeholders between them, and with Salah Nooruddin still Chairman they retain an active voice in the running of the club. Cellino’s assertions over their running and financing of the club is hardly likely to sit well though with them. If the press are to be believed Salem Patel and Nooruddin have been absent from Elland Road for several months. Nooruddin apparently does intend to return to Elland Road, but oh to be a fly on the wall at that first board meeting..

But with a club allegedly earning £100k a day but spending £200k where do transfers come into it?

Leeds have shed c£3m-£4m of wages with the release of Varney, Brown, Pugh, Diouf and Ashdown, they’ve also released the likes of the Turners, Tiesse, Ariyibi and Lenighan from their books too.

The likely upcoming sales of the likes of Peltier, Kenny, Morison and Norris will only make that number greater, but they are not the answer long term to our financial difficulties.

It is all too visible that Leeds have simply not moved in the transfer market yet. With a frozen bank account, and an inability to sell season tickets online that task looks all the harder. Just how on earth did the club get into such a mess?

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The real risk here is open season on our squad. With it visible to all and sundry that Leeds need cash the offers will surely come in for the likes of Byram, McCormack, Murphy, Mowatt, Smith, Lees, Pearce and White. And to be honest if things really are that bad – do Leeds really have much of an option but to consider those offers?

In that situation you really are talking about avoiding administration as priority one, then avoiding relegation as issue 2 – and that’s before the season has even kicked off!

The only revelations around the football side of matters seems to be Cellinos insistence on the players observing their 25 day annual holiday entitlement and returning to Elland Road on 2nd June for pre season, that and the temporary closure of Thorp Arch. The former issue according to the Daily Star is to commence a week long Boot Camp to improve the fitness of the squad, the latter one borne out of necessity as we cannot afford to run the place according to Cellino.

Neither will sit well with McDermott it seems. He has become something of a Zen-Master in the face of unreasonable behaviour in the last 12 months. Publicly questioned for going on holiday at the end of the season by his new boss (when apparently he was visiting his sick mother in hospital) he has apparently only communicated in writing with our new president. His nose rubbed in it as it appeared at least that the retained and released list was completed by Redfearn, Carbone and Cellino in his absence, one wonders just how long McDermott can continue and that does little for the club in terms of adopting a proper transfer policy. Whether Luke Dowling? Seemingly in limbo for over 8 months now, it appears the Sporting Director of Cagliari may well be on his way to Leeds (according to the Italian Press) to arrange transfers. McDermotts careful planning and transfer targets seem to be near-immaterial – so where does that leave him with this squad?

This may well be one of our least well planned pre seasons. A root and branch review of Leeds United may well be overdue, but we appear as a club to be lurching broken into the next season, reminiscent of the period after losing the play off final in 2006 to Watford. All funds had been put in place to get us back to the PL, when that didn’t work it was plan B, push out Blackwell,  don’t back him in the transfer market and get Wise and Poyet in as quickly as possible. The net result was of course catastrophic and is a lesson to all chairman that they are best served fixing the finances, and managing their managers – not trying to manage the football, something in fairness Ken Bates didn’t repeat.

It may well be that Leeds do start bringing in new players in June and July, and that some further outgoings take place, but it’s essential now that Leeds do something short to medium term. Staying in the Championship isn’t as easy as just turning up, possibly the most competitive of all the domestic leagues it is critical that Leeds can compete. Blending youth with what remains of experience in our team is a start, but Leeds still lack that match winner we’ve talked about so often, and still carry too many of the Warnock side. Worrying times for Leeds fans and players.

 Reporter – Matthew Brown – Bolton

 

  • Old49er

    Yep. Right now I would bet on us being closer to relegation than the top half of the table next season. Chaos from top to bottom of the club on the management, commercial and playing sides. And clubs in turmoil tend to underachieve, and if this squad underachieves then we’re looking at League 1 the season after next.

  • Statetheobvious

    Calm down dear.

  • falconneil

    I think you’re adding 1 + 1 and getting 16. Yes Cellino wants t fix the amount of money going out of the club and he wants to concentrate on that first. You can’t blame him for wanting to have an efficiently run club, not the shambles that we have had. But he does have plenty of money. I have no idea where you are getting the idea that he wants to sell or that we are close to administration. And transfers? The transfer window doesn’t even open until June 9. So to already be moaning about lack of activity seems premature at best. I have complete faith that Cellino will assess the squad and strengthen where necessary. He didn’t buy it and go through all this crap to see us relegated.

    • Bertie Pants

      hang on, Cellino has money yes, but how much? Hes just sold cagliari but hes said he isnt just going to spend all of that on Leeds, i dont think the above says anywhere he `shouldnt’ be addressing the financial mess bates/gfh left. Is our managers position settled? no. Nor does the article say he is going to sell – it says `a lesser man’ would – ie not him. so i think youre putting 1+1 together to get 28 falconell

  • mrbigwheels

    What a load of tosh… imo.

    • henrymouni

      Yes, but has Massimo got a plan, Mr B?????
      Seems like a man who speaks without thinking.
      Erratic? Confrontational.
      Should be another interesting season.

      • Chareose

        Personally he comes across as very assured. Massimo believes Massimo is making the right decisions……. This wont be like the BM / GFH era where we had daily updates from BM demonstrating Brians affable nature, his PR skills and disguising the real problems…… It wont be like Ken Bates (a soap box to use for abusing people and idolizing Bearded Fish Finger Salesmen). I think the Italian only speaks when he wants to and that wont be as often as before. That suits me as we need to steer things back to what’s going on the pitch

      • mrbigwheels

        I’m sure he’s got plans up to Z Henry…..

    • RITGK

      Thanks for your continued support Big Wheels

  • JDC

    Oh dear Matthew … go buy yourself a nice bottle of Rioja and drink it all to yourself. Whilst you’re drinking it, think about three experienced players from Cagliari …Avelar, Astori and Tabanelli and mix in a sprinkling of academy players and the World will, hopefully, look different. If not, try a second bottle.

    • RITGK

      We’ve just sent him another crate of Rioja. Expect more of the same #MOT

  • Phil

    Some of the figures in this article sound a bit off – spending 200k per day means we’re spending 73million per year, but we have a wages bill around 23million? Far higher expenditure than previously reported anywhere else – it was just said to be ‘over 100k per day’. Also – first time it’s been reported anywhere that Teak holdings won’t sell ER – their consent isn’t required because there’s a buy back clause that legally obliges them to sell for a set price. Things aren’t great, but not sure they’re this black.

  • henrymouni

    While Mr C must tackle our shortcomings, and shedding deadwood will go along way, he must realise that the team’s the No1 priority.
    He must get the fans back, and this will contribute to our recovery financially.
    To make his cuts and let the team suffer is a Bates ploy, and does not work.
    I am not sure whether Massimo is a smart cookie, or a raving lunatic.
    Time will tell.
    A successful team is vital for the success of our club, and everything follows from that.

    • Chareose

      I was mightily Anti Cellino when he first appeared on the scene because of his history but I accepted we had no alternative due to the debts. Since then hes won me over a bit. I see him as eccentric, cocky but also as a guy with his heart in the right place. Hes got a big mouth and he knows it (im a trouble maker) but all I have seen since is a guy constantly trying to put out fires at Leeds…. hes not crying or scared, hes cool but passionate and he appears to be doing the right things so far. So until I see something somewhere that is rotten Ill support Cellino because WE NEED THIS TO WORK. we need an owner that can take us forward ! Please let this be the one ! cheers

      • henrymouni

        We are desperate for it to work!
        “He knows what he is doing” and being praised as a great business man?
        If that were true he would have checked on the exact current state of LU BEFORE buying us.
        All this shock at the discovery that we have problems, makes no sense to me.
        In fact you get it from every incoming government, Ken Bates, GFH, and now Massimo.
        He has an army of accounts and finanical advisors!!
        He is new to Leeds, but WE HAVE HEARD IT ALL BEFORE!!
        Just now we have half a manager and are shedding players and maybe Thorpe Arch, and maybe other staff employed by LU.
        Any good business man, buying a new company, pays an amount up front and then pays the large balance when he establishes that every thing is ‘as advertised’. NORMAL practice.
        If it is not ‘as advertised’ he reduces the balance accordingly. That is how it is done.
        We are a club with a history of mis-management.
        We have ‘BUYER BEWARE’ written all over us!!
        If he was not aware of our losses he is an idiot and a very poor business man!!

        • Chareose

          I’ve been involved with international take overs involving manufacturing companies…. Any take over is messy, it’s likely that Cellino wanted to push this through knowing their could be skeletons in the closet if he moved too quickly. Dont you remember his rush to pull in transfers in january ?? Thats why he rushed ! It all went to pot and then he’s found those skeletons…. Hes made comments about it and the unsavoury slant to the financial issues …..that seem to require forensic accounts…. So what ?

          This isn’t the time to judge and you need to find a better angle of attack to prove your suspicion of Cellino is valid…

          • henrymouni

            “So what?” ??
            So he ballsed it up!
            A take-over is messy if you do not cover all the angles.
            There is no better angle than the truth.
            When I pointed out GFH’s track record I was criticised for not giving them a chance.
            I don’t need to give Massimo a chance, because I have no choice.
            I pray he succeeds for all our sakes, but he has got off to a bad start.
            In any take-over you have safeguards, for the ‘unexpected’.
            When you agree a price it is based on information given and verified.
            As a seller you have to disclose all debts and assets.
            If he rushed it he is a fool to himself!
            His handling of BM has been clumsy.
            I know he is trying to force BM out without having to pay full wack.
            It could only happen to us.

          • falconneil

            if he’d have taken more time we’d have gone into administration and would be in League 1 right now. He had no time. We had no time. Now he’s trying to sought out an enormous black hole. And somehow you are mad at him for it. he didn’t cause the problem. He’s trying to fix it. Remember that.

          • henrymouni

            I am not mad a Massimo.
            Without his take-over we would have been in a real mess.
            I don’t believe he did not know EXACTLY how much we were losing.
            It does not take long to work that out.
            All the figures are there and include all running costs, and all income.
            48 hours would be enough.
            The procedure is you agree a fee based on what you know.
            You agree on the day of purchase to pay say 25% of it.
            Then you have another 12 months say, to satisfy yourself that everything is as presented by the figures.
            If there are any ‘surprises’ you reduce the balance due.
            This is exactly how any club or business is purchased.
            Look at Massimo’s proposed sale of Cagliari.
            The Americans will pay a percentage at purchase time.
            Then when they have sorted any queries they have, like a new ground etc, the final amount will be paid.
            This is the purchasers safety net.
            If Massimo does not have the same arrangement at Leeds he is a fool.
            BUT I think he knew the true picture!
            He is using this ‘shock discovery’ to wield his axe!
            We are all desperate for Masimmo to succeed and we have to bite the bullet, and wait and see.
            If he ignores the fans, as someone has suggested is his way, he will regret it.
            We deserve some stability and success.
            Let us pray Massimo gives us that.
            Good luck to him and us!!

          • Chareose

            So lets assume you are right, hes ballsed up ??? And ? Hed still have to find a way to pay the debts regardless of whether he found it in due diligence or not…. Your just having a dig mate and the point is a bit irrelevant ………….Cellino missed stuff ….so ??? it makes no difference to our scenario as hes been fire fighting. If anything if hed done due diligence wed still be discussing a takeover well into this summer. Cellino accepted the risk in order to complete the takeover quickly.

          • henrymouni

            You mis-understand me Chareose.
            I think he knows exactly what he is doing.
            I don’t think he has missed anything.
            I believe he has created this ‘storm’ himself.
            i said if he bought the club without knowing the problems he would be an idiot.
            You know it does not take long to establish the costs and profit of a company.
            You know he will have provisions in place to cover the unexpected, before he makes his final payment.
            His ‘balls up’ is not sorting out BM, and getting a manager in place.
            I am sure his new (To be) Sporting Director Nicola Silerno, will have players in mind to be brought in.
            I am still hopeful for the new season, and it won’t be dull!!
            He seems to handle PR badly, on purpose!!

    • mrbigwheels

      Smart raving lunatic Henry. I’m sick to death of the nice smart and full of shit guys…………

  • Irving08

    It’s good to see an intellligent business man getting on with the job of putting our club in order. I see no reason to be anxious. I just wish Mr McDermott would accept that he is not wanted and come to an agreement with MC.

    • Chareose

      agree Irv

    • RITGK

      Who would you have as McDermott’s replacement Irving?

  • Ian Giggal

    Personally I think the clubs actual prospects are somewhere between “We’re about to go in to admin/oblivion” and the rosy “Trust Massimo. He knows all. It is known.” extremes. The club is losing 1Mil per month. That needs fixing, but it will get fixed one way or another. Cellino may have kept Cagliari ticking over for 22 years, but he also went through over 30 managers and has just 1 promotion (from Serie B to A) very early on to show for it. Not exactly covered in football glory, so we really have no reason to be so overly confident he knows anything about building a successful on pitch product. The current amount of doom and gloom or blind faith does nothing but divide the supporters, once again. If Cellino was one to listen to what fans or anyone else (he is not) then we could maybe do something. But he has proven in the short time in charge of Leeds United (to say nothing of his 22 years in Sardinia) he doesn’t give a F%^% what anyone says. Everyone on both sides, take a deep breath, hope that he can sort out the financial mess, that really does exist from all accounts, hope someone can sort out the squad for next year. Be that McDermott or someone else. But keep a wary eye on the new regime and not wait years like we did with Bates to make it too unpleasant to stay. He may not give a f— what anyone says, but Leeds United supports have proven equally obstinate. In a contest of wills I put my money behind the heart of Leeds United, the fans.

    • henrymouni

      Too true Ian!
      The only power we have is to stay away, if Massimo messes us around.
      I am sick to the back teeth with our club just now.
      We are all battle weary, and most will not tolerate another season of tripe, on the field.
      We have better things to do with our time and money.

    • Kevin Heward

      Just one promotion b to a. Yes that means he has kept them in a. Would you prefare lots of promotions ie a yoyo club. This was with a smaller club that had to sell as players grew. He has already said that need not happen at Leeds. Support the man what is good for him is good for Leeds.

    • Bluesman

      Cellino is different. He is not like Bates or GFH. He has money, so gate receipts will not be a massive issue. Cellino does things his own way snd he does not court popularity. Having said that I feel sure that he will do his best for Leeds. This man is not to be messed with. He is investing a lot of money in Leeds and will want to see success on the field snd the growth of the business.

    • Wayne Wellwood

      Just a little footnote Ian he also got Cagliari to the Semi Finals of the UEFA Cup in the 1993/94, suffered 1 relegation and 1 promotion from the 1998/99 they have not been out of the top flight… We can but dream.

      • RITGK

        After the past 15 years we are crying out for a messiah. Football has changed alot since them days but one does cling on to what ever hope we have left that our fortunes will change soon.

    • Ian Giggal

      I am not saying ‘Cellino Out’ or anything of the sort. All I am saying is before pledging undying support and praising the many as the one and only savior, I want to wait and see what his actions are. Not what he says, but what he does. GFH, and Bates before them, made a lot of pleasing sounding noises at the start too, and then actions did the opposite. It’s the old story “fool me one shame on you, fool me twice shame on me.” With Leeds United we’ve been fooled so many times by false dawns, all I wish for this time is a bit of healthy skepticism until such time that Cellino proves he is worthy of our praise.

  • Thornhill whites

    I think a bloke like MC knows what he’s doing – he’s kept Cagliri in seria A season after season , debt free ,decent players and club making Money , all this with a crowd base smaller than Accrington Stanley . He hasn’t given all that up to buy Leeds utd and then walk away or go into administration and defiantly not to let us slip into league 1 . He has money and lots of it ,but who in there right mind lets it flutter away ? We’ve been there already and look where it got us . What we’ve got now is an owner who is trying to put 10 years of mis-management of our club right , he’s a football man , not one that’s only interest is making a fast buck , give the guy a chance and he,ll deliver . He can never be worse than Master Bates or GFH and I for one think we are lucky to have him

  • Chareose

    I enjoyed this article until the last few paragraphs….. Where have you got the impression that we need to offload our best players to survive ???!! Yes Cellino has rightly stated he wants to make the club more efficient and profitable but I have seen nothing to suggest that hes going to sell our best players…. the only thing that may have a bearing on that would be FFP….
    His son (for what its worth) has stated repeatedly that we are not selling McCormack (that may depend on how much ross wants to go though) and his son has also stated we will be signing players….
    As for the comments on Brian McDermott, I feel that’s a little bias. This is a pro McDermott site because you have met him and undoubtedly hes a thoroughly nice bloke but based on real evidence (last season) is he worthy of managing this club ?? NO… You asserted that hes been badly treated over his holiday but you could equally argue that he should have stayed at Leeds atleast until the Released list was agreed.
    In reality its obvious that Cellino is not sure about BM and that BM waited for Cellino to collar him at the End of Season player awards but he didn’t. BM then went off in a sulky huff when he should have stayed behind atleast until the Retained list was agreed…..
    Both parties are guilty in how this has been handled but Cellino has a future at leeds and BM doesn’t does he ?
    Im with the Massinator on this one

    • mrbigwheels

      Totally agree…. Brian is sulky and when there’s a fire in the kitchen… you don’t go on holiday. It seems Brian is acting like my cat… bloody moody on a rainy day.
      Cellino is never going to suffer fools or failure… imo.

      • markman

        where has Brian been on holiday?
        all we know is he took time off to be with his sick mother.

    • brian trousers

      so mcdermott should have ignored the fact his mum was in hospital and waited for cellino to call him to a meeting? hes been waiting since April for that meeting. Come on chareose – would you not have done the same?

      • Chareose

        Ok same question to you, Cellino is trying to get rid of BM but BM wants his Wonga and leeds can barely afford 1.6 million on players let alone BM. You may not agree with his style but can you Blame Cellino for his actions???
        Also can I ask you if you always believe the context that news is given to you regardless ?
        I cant judge if his mother being ill was an excuse but I do find Phill Hay pumping out stuff every other day that’s quite obviously come from Brian Mcdermotts mouth a little pathetic. Its like a Playschool argument…….. .

      • henrymouni

        I think the whole thing is a sham Brian.
        BM has known since before the seasons end that he is on his way.
        The business with him ‘deserting’ the club is Massimo’s attempt to remove him as cheaply as he can.
        We all know we can speak to each other from all parts of the globe these days, so don’t lose any sleep over it.
        Massimo, by his own admission is a ‘troublemaker’ and will go to any length to get what he wants.
        He knew also our exact financial state, but is playing the ‘shocked’ purchaser who has to take the action he planned to take months ago.
        We have always been fed lies and half truths!
        Some things never change.

  • john palmer

    wwe are not left with a lot of Warnocks side we are left with McDS CRAP

  • Mike

    I agree that Brian didn’t do even near the job he could’ve this year… but saying he’s at fault for taking some holiday to visit his mother in the hospital(assuming the story is true) I think is a viable reason to be absent for a bit.
    If Cellino needed him back so badly why in the world hasn’t he called him instead of writing him a letter, I mean c’mon he had 20 minutes to talk to a fan on the phone but can’t call his manager? The whole situation just seems so odd

    If I’m Leeds at this point I’m trimming the squad down to 15-17, signing 3-4 true quality players with some of the wages they’d open up(imagine the quality we could afford for Hunt’s supposed salary?) and using the academy to fill in injuries if they’re truly trying to keep costs down while having a quality squad.

    • RITGK

      I know why write him a letter. Are we back in the 1980s here.

  • Tyler75

    He’s got to sort out the finances first – if we fail FFP and incurr a transfer ban, then any thoughts of building a promotion winning side within 2 years are out the window. I haven’t heard or seen anywhere that he’s not going to be briniging players in – why bring his transfer supremo over from Italy otherwise ? What I’ve heard and seen is that there will be a renewed emphasis on a balance of youth and experience – and thank god for that, all the best Leeds teams have been built that way.

  • Bluesman

    A good article up to the point of drawing conclusions. Cellino will be back next week snd I don’t believe that anyone can second guess what will happen. If everyone doesn’t yet know, snd they would have to be very stupid not to, Cellino will be letting them know who is in charge, what he expects from them and what they can expect in return. Cellino is a winner. He is not naive and he will have his own plans and ideas for next season. Put your safety belt on, because it could be a very stormy journey. But I for one do not expect him to be to be disappointing. We may not agree with him, we may not like some of the things he does, but he will be in the drivers seat. GFH out now!

  • Wayne Wellwood

    Really don’t understand why some bloggers/fanzines are so negative about everything Mr Cellino does. It’s like you’re all praying for him to fail so you can say I told you so. He’s a business man, he knows how a club should be run, he’s selling Cagliari a club with no debts and a seriously good youth setup which has produced star after star over the years and you all seem to think he’s gonna waste his hard earned fucking Leeds over? You all need to get a grip at least until he does something worth moaning about.

    • Phil Benson

      I think lots of people are circumspect about him because over the last fifteen years we’ve not had an owner who hasn’t utterly done us over. I hope he’s the Messiah, but we need to be aware he could also just be a very naughty boy…

  • merkx66

    Complete rubbish this article. ..just like the tabloids. ..All gossip. ..Fact is this man CELLINO saved us….I’m merkx66….banned from YEP but my voice will not be silenced. ..

    We will be back…

    CELLINO IN

    MOT

  • merkx66

    This article is a complete load of bs…..CELLINO will sort it out…he’s the only one who paid real money and not loans……I’m merkx66 and have been banned from the YEP because of my support for Cellino. …

    CELLINO IN

    MOT

    • RITGK

      Don’t worry Merkx66 you won’t be banned in our gaff. Just try and leave one comment and not several duplicate and all will be good.

  • Matt BB

    Hi folks, the above article isn’t saying the changes cellino is making aren’t necessary, its saying they are because the club is in such a mess, and that while that mess persists we don’t have the structure or football leadership in place to ensure the football doesn’t suffer, plus (as I correctly surmised last. Summer and in December) while we remain in flux McCormack (and now smith) will be subject to bids. If we are Bert losing £1m per monty then we are cash poor, it means if cellino is pragmatic enough to close Thorp arch (potentially) why wouldn’t he sell a player to raise funds? Who can honestly say now we are well prepared for next season? We are still carrying Norris, Tonge, Peltier, Warnock, Pearce and Austin from the Warnock era – they are not all nd, but they are not all gone as one responder suggests. This site is pro-Leeds not pro McDermott or pro Cellino, like most fans we want to see football back on the agenda and the financial mess sorted ot. Celino may well be the man to do it, this is simply a missive on the size of the task ahead of him

  • Richard G.

    What aloud of tosh – not even factual and your assumptions are that – assumptions.

  • Richard G.

    What a load of old tosh. Your facts are inaccurate and your assumptions are poor judgement of the situation.

  • merkx66

    Please come with facts not gossip

  • Anon

    FYI Cellino has turned down one bid for Ross McCormack for £8m, he’s demanding £12m to sell. He is here for the good of the club. A good restructure of the club…. NEEDED. We have had 10 ears of Bates and the clueless arabs, where as Cellino has had 23 years of running a football club, i’ll trust him any day over the past idiots.

    • RITGK

      Thanks for that FYI Anon. In fairness he we wouldn’t disagree with much what youve said here. Looking at things we all need to be realistic and accept the rebuilding of this club is going to take time and not be achieved overnight.

      • Anon

        Why so anti Cellino then? Sit back and enjoy the ride, like a roller coaster they will be ups and downs but we’ve got that saying in our anthem! Let’s change from anti establishment and actually support the club now. Let’s here some positive stories.