Gerrard ... the truth?
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WACCOE -> For What It's Worth
Bill Gerrard
It's difficult to work ot where our club is financially with so limited information in the public domain. But here goes my best estimate.
When Ken Bates took over, he mainly talked about the balance sheet. He said that the liabilities (what we owe creditors such as the taxman, ex-players, etc.) was down to around £13.5m (including £4.4m of loans owed to the previous directors). However over the last few weeks, as he has got his feet under the table and his advisors have got to grips with the financial details, Mr Bates has put more and more emphasis on the operating position (cash flow in and out). His programme notes have indicated that we are currently losing around £120k per week which is annual loss of £6.25m. There has been some pruning of the playing squad with a few young players leaving but the only major wage reduction has been Duberry. According to Bates, Duberry's transfer has saved £700k over the next 17 mo...
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GUILTY
EXCLUSIVE
by Phil Hay
Leeds United are facing financial punishment from the Football Association after pleading guilty to a charge of misconduct.
United were accused of failing to control their players after a mass brawl broke out during the 1-1 draw with Gillingham earlier this month, and the Elland Road club have accepted blame for the incident which saw Michael Gray and Darius Henderson sent off.
Leeds will attempt to minimise their penalty, however, during a personal hearing, which is yet to be arranged by the FA but is not expected to be held before the end of the Championship season, and the Professional Footballers' Association have agreed to support United's mitigation.
The club already have a suspended £60,000 fine hanging over them, imposed by the FA for their poor
disciplinary record last season, but the suspension will not be affected by United's latest charge.
Chief...
Leeds United Football Club - Blackwell Is A Man With A Plan
United boss Kevin Blackwell says Leeds will be strong challengers for promotion next season as he reflected on the progress of the last few months.
The manager has stuck to his first aim of making sure Leeds stabilise themselves in the Championship, and with that mission accomplished, everything between now and the end of the season is with the next campaign in mind.
Last week saw the arrival of striker Ian Moore from Burnley, the Whites making their move ahead of Sunderland and Sheffield United, and he looks like being just one of 'the building blocks' in Blackwell's blueprint for 2005/06.
"Signing Ian Moore is a signal of our intent," said Blackwell. "He is just one of four or five that I hope to bring to the club in the summer and they will show people that Leeds will be seriously going for it next season.
"I have drawn up a short-list of players who I believe will add to the quality ...
