It's almost like we didn't lose millions when we were in The Championship really.
Is this the same Gerald Krasner who was the highly successful Chairman of Leeds United a few years back?
Very interesting viewpoint but nothing says that he is right either.
£35 million to build a new stadium, it would make more financial sense if they bought the Ricoh Arena (i.e. ACL) from Wasps for a lot less. It will be more than they would have paid a few years ago but I'm sure Wasps would accept, £10M or £15M.
Krasner talks as if SISU have a master plan and understand football. That is the failing of his piece.
SISU have never had a plan, nor understood football or its fans, they just run down fuck up road jumping from one shambles to another, with a twat as a mouthpiece.
Good spot, some expert?????
It's almost like we didn't lose millions when we were in The Championship really.
Is this the same Gerald Krasner who was the highly successful Chairman of Leeds United a few years back?
http://en.wikipedia.org/wiki/Gerald_Krasner
Leeds United Takeover
In 2004, Krasner led the consortium of local businessmen which successfully took over the club. Krasner's reign witnessed the relegation of Leeds United from the English Premier League when a 3-3 draw against Charlton Athletic wasn't enough to beat the drop to Division One (6) (since re-branded the Coca Cola Championship ). Popular choice and Leeds legend Eddie Gray failed to rejuvenate the club after he was called in to a caretaker manager role, replacing the sacked Peter Reid midway through a torrid 2003/2004 season. Gray was largely blameless for the performance of the team, with the entire foundation being sold out from underneath him. The players faced the prospect that their wages might not be paid from one month to the next, as Leeds United seemed on the verge of terminal liquidation.
In the event under Krasner's stewardship Leeds United managed to tread softly until they could be thrashed out for their now clearly unrepayable debts. Large amounts of which had to be effectively written off by the clubs debts as they had been taken out in the name of the now insolvent LUFC PLC. Krasner and his consortium eventually sold the club to former Chelsea supremo Ken Bates, a flamboyant character who had himself recently sold Chelsea FC to billionaire Russian oligarch Roman Abramovich. Chelsea had reportedly been carrying similar levels of debt to Leeds before Abramovich transformed the west London team into a strong force in English football. Bates had been in the market to invest after being ousted from his position at Chelsea by Abramovich.
By this time, and perhaps to his credit, Krasner's essential mission; managing the clubs massive debts to acceptable levels, was now accomplished. Like his predecessor Professor McKenzie, his appointment and the consortium he led, were little more than a stop-gap solution. Krasner's personality or background were never that of the traditional "footballing chairman". His consortium lacked the financial muscle for the re-investment needed in the team to prevent it from slipping further down the footballing divisions. Due to these realities, he and his board were more open to the advances of Bates than the South Yorkshire outfit. Kenneth Bates was unveiled as Leeds United's new owner and chairman in 2005 and continues in that role to the present date.
It is doubtful that supporters of Leeds United will ever look back on the "Krasner era" with much fondness. These were arguably the darkest days in the entire history of the football club. But from a financial perspective it could be said that Gerald Krasner and his consortium were successful in their aim when they launched their takeover, which was to save the club from the very real possibility of extinction. Krasner has since retired from the public spotlight to focus on his previous role at Bartfields.
The scary thing is that if and when a new stadium is built it will not be owned by CCFC, it will be extortionately rented out to CCFC.
The article suggested what fans want, a successful team playing in Coventry.
There will be. Wasps.
FFS, not this again. And where have we been since 2005? We will NEVER own our own stadium again no matter who owns CCFC. Same applies to the majority of stadia.
It's almost like we didn't lose millions when we were in The Championship really.
Is this the same Gerald Krasner who was the highly successful Chairman of Leeds United a few years back?
We have a better deal, costs have been cut and a sensible business plan for the future will see us through.
If nothing else works, a total pig-headed unwillingness to look facts in the face will see us through.
Who pissed on your chips? Don't tell me off like you are my Dad, you are not the all seeing all knowing Oracle that you think you are or are you?
Success is built on owning your own stadium with one or two exceptions if you are a massive club its not so important, if you aint a massive club you need the income from your stadium.
Now kindly go and fuck yourself!
What an odd article. Basically PL or bust, couldn't that apply to any club outside the PL?
What we do know is that FFP rules limit you to spending 60% of your turnover on wages in league one.
In the championship FFP rules allows you to lose £13m pa (not sure of that include transfers) So from the point of view that our turnover (£10.5m) is one of the lowest 3-4 in the championship it would mean stretching that entire £13m (c£23.5m pa inc turnover)which in all likelihood wouldn't be enough as there are already a large number of clubs with turnovers of £20m+ before they even stretch their losses with the allowable £13m, plus the parachute payment clubs.
What happens in 3-4 seasons and we've wasted £39-52m and we've still not been promoted. There are no guarantees of promotion.
Sounds like boom and bust to me.
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
It's almost like we didn't lose millions when we were in The Championship really.
Is this the same Gerald Krasner who was the highly successful Chairman of Leeds United a few years back?
Yes, Leeds may not have had success on the pitch, but his consortium inherited a Leeds with massive debts. His success was he basically prevented them from becoming extinct and reduced the debt. So he probably is a bit of an expert to be fair.
We are going bust so we might as well try for boom.
Think you have misquoted General Melchett there:
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