By Keith Ingham
Wednesday the 15th of January 2014 could actually be start of a new beginnings for the Yorkshire club. Reuters, the news agency announced early that day 'GFH were to sell a percentage of the club to British investors'. Although not named it is generally thought that a consortium including David Haigh and Andrew Flowers were to finally agree a deal to receive around 75% of the clubs shares with GFH still holding on to a 'percentage'. Confused ? You could well think that because deals surrounding the club have never been far from your headlines. It was quite clear from the offset that the company who purchased the club off that nice Mr Bates never really had a vast amount of money to invest itself. It was an investment bank and although not completely versed in these matters it seems they buy a company then ask others to invest in their investment. To use the word 'flipping' is probably harsh but they (GFH) have been content to keep the running of the club in a sensible way and after previous owners have done the opposite it may have been the sensible way.
The board did back the manager with some signings. Noël Hunt, Matt Smith and a one million pound player was bought. Luke Murphy was the clubs first million pond player since 2005. Other players have come in since then. Scott Wootton, another rumoured million pound signing and Marius Zaliukas have come in with funding from within the company. Since the rumour of another takeover the consortium involved has allegedly invested six million pounds in 'running' the club. They also provided funds for the signing, albeit on a ninety three day loan Cameron Stewart and also Jimmy Kebe on a loan from Crystal Palace. These players will no doubt be costing the club a considerable sum as both were on Premiership wages.
It is hoped that Football League approval is granted as soon as the necessary paper work is forthcoming as it would be a statement of intent if the new owners brought in a signing that gave the fans a fresh impetus after a horrendous set of results ended with one of the most embarrassing performances I've ever had the misfortune to witness. There is much to do at the club, we do not own Elland Road or Thorpe Arch, these must be high on any investment company's list do things 'to do'.
One thing that is certain this should be the last takeover for the club, a period of stability has to be achieved and if this means at least another season in the Championship so be it. The summer will see at least seven players either leave or be offered new contracts. Even at low estimates as much as three million could be raised by this alone. We have a manager that most fans still believe in even after such a poor run and with careful investments in the playing staff in January, Leeds United could be still be in the race for the coveted top six place come the month of May.
The board I hope will be bold enough to continue to back the manager financially and if they do before the too long exile of the club from the top flight will finally be ended.
The hopes and dreams of thousands of fans rest with you.
On On On
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