17 Feb 2016 16:36:56
I think we should back Cellinio. I know he does upset people but what I am more worried about is if he goes what will we get, he is putting money into the club and from what Evans says he is going to back him in the summer. Also why is there not a campaign against the Arabs why does not someone try and get their 25%.

1.) 17 Feb 2016
17 Feb 2016 16:43:28
Now that is a campaign I WOULD support.

2.) 17 Feb 2016
17 Feb 2016 17:05:46
i would also support this I have been making a poster buying laser pens and hiring a plane as we speak.

3.) 17 Feb 2016
17 Feb 2016 17:36:10
yep i'd support it got the kids in kindergarten working on it already.

4.) 17 Feb 2016
17 Feb 2016 18:11:59
Well I like the kids poster and I also like BW's poster. But how can we decide? Fiiiiiiiiiiiiight!

5.) 17 Feb 2016
17 Feb 2016 18:47:58
Have stated on this site that ghf are the biggest problem with Leeds sitting on their hands waiting for someone to do all the work and walk away with rewards investing nothing wanting everything leeches. Get behind Massimo and show him what love Leeds fans have for their friends and I think Massimo will give us his heart.

6.) 17 Feb 2016
17 Feb 2016 18:53:04
I don't think he's the type you want as an enemy either. Piss him off and he will get his money back and walk away and I don't think he'll worry about who would be sold but like I've said before I think he wants the best for Leeds "for the moment anyway" just hope he doesn't take this minority opinion seriously.

7.) 17 Feb 2016
17 Feb 2016 19:56:38
yes agree would be good to dilute GFH shares, will imagine they will want to keep some mind, that seems to be their plan but if someone could buy say 10-15% of their shares and maybe 10% of MC shares on the cheap (MC wants rid of GFH of course so might do this) then that would be ideal but hey real life ain't like this often.

Great idea alg like it.

8.) 17 Feb 2016
17 Feb 2016 22:34:02
Great idea algar; GFH leeches need to be gone ASAP, how the hell did FL allow them in in the first place has always filled me with suspicion. They contribute to inflate their profits.
MC not perfect but he needs to feel wanted, he's all we have at the moment. No, I haven't always defended MC, why can't he just be more honest with us the fans (Ha Ha, )

9.) 18 Feb 2016
18 Feb 2016 08:52:54
Please correct me if I am wrong here.

If GFH own 25% and Leeds sold McBadgekisser for £11m
Do GFH get £2.75m of that?
and should they be funding 25% of all player purchases?
and paying 25% of all other bills?

10.) 18 Feb 2016
18 Feb 2016 10:29:19
I think you'll find that as Mr Cellino's company own 75% of LUFC, they decide how any funds coming into the club are spent . I. E player purchases, ground purchase, training ground purchase . They only receive a payment if Mr Cellino decides not to spend the income and divvy up the profits instead of re investing them . So as sleeping partners they only really receive money when they decide to sell there share . If the club is worth more than now, they receive a profit, if less they lose or can hold on to there shares Untill it's worth more . I'm not a business lawyer, so not 100% on this . But as the majority shareholder, the decision on how income is spent is wholly Mr Cellino. Additionally if Cellino wanted to invest more money into the club, he would ask GFH for a 25% share of extra expenditure, if they didn't have it or choose not to invest, he would be left to pay it all or not spend at all .

11.) 18 Feb 2016
18 Feb 2016 12:09:52
Or he could take the decision to borrow extra funds, which would become the debt of LUFC, of which GFH would take on 25% of . In other words GFH have no say in what Cellino does with the club, as long as it's legal . So to all those saying they are holding the club back, they can't be . They have no power, they don't have to invest . They just have faith, like we do on Cellino turning the club into a profitable business / football club . They stand to lose money if he messes up! As a shareholder in a major bank, I have no say on how the bank is run, I can maybe vote on how the bank invests money, but the final say goes to the major shareholder . I was using this as an example, I hold no shares in a bank or anywhere! In case HMRC are reading!

12.) 18 Feb 2016
18 Feb 2016 13:01:13
Well done Raggity. That's it in a nutshell. The agreement entered into by Cellino is that he cannot issue any new shares. In short, they wish to keep their share of the cake. Elanora Sports, holds 75% Cellino 2%, Patel 3% GFH the other 20%. There is a clause in the contract (according to YEP) that if Cellino fails to meet the running of the club GFH can buy his shares for £1.

13.) 18 Feb 2016
18 Feb 2016 15:56:22
So all really that happened was Cellino just took over 72% of the debt, in order to try and turn the club into a profitable business, if he can't manage the debt, Ir running cost of the club, he sells it back to GFH for £1? So he has nothing to lose, just all to gain, if he manages to turn a profit .