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SOS: LFC - The next Leeds?

Spirit Of Shankly

By Spirit Of Shankly
in Liverpool FC

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Frosty Jack

Frosty Jack

Posted
Posted

Indeed, he problem with that article is it is criticizing the owners for only spending what is generated from player sales, yet using Leeds as an example of how things can go wrong, because they did precisely the opposite.

 

The situations are too different to compare, and although topical, I don't think its especially helpful.

sutty

sutty

Posted
Posted
Indeed, he problem with that article is it is criticizing the owners for only spending what is generated from player sales, yet using Leeds as an example of how things can go wrong, because they did precisely the opposite.

 

The situations are too different to compare, and although topical, I don't think its especially helpful.

 

There are still parallels. Mismanagement being the significant issue and the mortgaging the future of the club.

 

The fact that there hasn't been the transfer spending is a symptom of the issues, not the cause.

Sion

Sion

Posted
Posted
We've spent £50m of borrowed money on players.

 

only because we've wasted our money on swapping one tight b*****d for two lying b******s and miniture models of a stadium we're never going to build.

Maldini

Maldini

Posted
Posted

Leeds' problem was speculating on future revenues which weren't guaranteed. They weren't making enough money to sustain the investment in players they undertook and so they took out securitised loans which needed them to be in the top 3 or 4 every year. As soon as that failed to happen once they were f***ed. Their revenue was never big enough to keep up with their ambition, even when they were at their peak.

 

On the other hand, our revenue us fantastic, we now have more than enough money to invest on players and are making significant profits year on year. The problem is we've a huge noose hanging around our neck in the shape of the Yanks' loans. If we end up outside the top 4 we could be f***ed ourselves, the yanks' business plan is as based on future success as Leeds' was, so while the methods may be different, the net result may end up being the same.

 

Let's hope Rafa can keep pulling miracles out of his a***, because I think at the moment he's the boy with his finger in the dyke (obvious puns purposely avoided)

Billy Dane

Billy Dane

Posted
Posted

I think the commercial management of the club has improved. We are now starting to capitalise on "the brand", something we have been woeful at since Moores took over the club. Whether that will be sufficient to help us cope with the debt we are now in is a different matter.

Falconhoof

Falconhoof

Posted
Posted

We are in a dangerous position due to the emergence of Man City.

If we don't get top 4 this season then how do we keep the star players we have and how do we attract the best to get us back up there.

I'm not saying we won't get top four, obviously we are still a good side, but who knows, a disastrous run of injuries and £25m or so gone from next years accounts. If that happened to Man U then you'd expect them to find the money to fight back, same with Chelsea. We wouldn't have the cash to do so. We'd have our best players wondering if they could fulfil their ambitions here and you'd have the better players deciding not to join us.

Maldini

Maldini

Posted
Posted
we are a very different model to leeds, theirs was flawed from the outset.

 

Whereas ours is flawed since the credit crunch, either way it's unsustainable.

Earl Hafler

Earl Hafler

Posted
Posted
Indeed, he problem with that article is it is criticizing the owners for only spending what is generated from player sales, yet using Leeds as an example of how things can go wrong, because they did precisely the opposite.

 

The situations are too different to compare, and although topical, I don't think its especially helpful.

 

And weren't Newcastle ' the next Leeds ' ? And there are differences between those 2 and us.

 

 

The Next Leeds seems like a cry from Chicken Licken.

fabfive

fabfive

Posted
Posted

As mentioned before two different types of borrowing.

 

Leeds borrowed from future revenues to buy players and pay for the fish in the office.

 

G&H have used their holdings as collateral to secure loans to buy the club and buy players. So far the banks are happy enough and the independent auditors are happy enough with that type of deal. Could be some problems down the road if things don't improve finacially. But G&H have taken steps there with the new shirt deal and even without that revenues are up.

 

Unless G&H are stupid enough to go borrow against future earnings to sustain things, then we won't do a Leeds.

 

Failing to qualify for the CL would not be a disaster for just one season. We'd have that money from the previous season to carry us through the summer transfer window. If we qualified the next season we'd be back in the chips. Only not qualifying two or more seasons on the trot could it make things worse. That would see G&H sell or get additional investors in. All imho of course.

Maldini

Maldini

Posted
Posted (edited)

If we don't qualify for the CL we can't afford the £40m repayment so we have to find the money from somewhere else, the only way we have of getting money is to sell players. There's also the chance that the banks could increase the payments required, or even call in the loans putting us into administration.

Edited by Maldini
fabfive

fabfive

Posted
Posted
If we don't qualify for the CL we can't afford the £40m repayment so we have to find the money from somewhere else, the only way we have of getting money is to sell players. There's also the chance that the banks could increase the payments required, or even call in the loans putting us into administration.

 

We're in the CL this season. Say we come 5th in the League. We get CL money next summer based onn this seasons exploits.

 

We can afford one season out. It is the following season, baring no additional revenue coming in, that the club would tighten their belts. They wouldn't need to sell players until at least 2 years of not qualifying.

 

again, imho.

growler

growler

Posted
Posted

This article does not help the image of SOS. The facts are completely different, as is the environment. There is a lot more money in the game now, we have proven ourselves in the CL, not just there for a season or 2 and we certainly haven't exhausted commercial opportunities yet.

Maldini

Maldini

Posted
Posted
We're in the CL this season. Say we come 5th in the League. We get CL money next summer based onn this seasons exploits.

 

We can afford one season out. It is the following season, baring no additional revenue coming in, that the club would tighten their belts. They wouldn't need to sell players until at least 2 years of not qualifying.

 

again, imho.

 

Well hopefully it doesn't come to pass either way

Maldini

Maldini

Posted
Posted
This article does not help the image of SOS. The facts are completely different, as is the environment. There is a lot more money in the game now, we have proven ourselves in the CL, not just there for a season or 2 and we certainly haven't exhausted commercial opportunities yet.

 

Our debt is about 3 times the debt that sunk Leeds.

Stevie H

Stevie H

Posted
Posted
And weren't Newcastle ' the next Leeds ' ? And there are differences between those 2 and us.

The Next Leeds seems like a cry from Chicken Licken.

it really, really doesn't.

growler

growler

Posted
Posted
Our debt is about 3 times the debt that sunk Leeds.

 

and the mancs is 3 times our debt.

 

Or how about Arsenal's debt? Or chelsea's? Or are Real Madrid the new Leeds?

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