Why are we losing so much cash? Anyone know?

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> On Feb 4, 2014, at 12:47 PM, "Richard Naef" <rich...@triumph-computers.co.uk> 
> wrote:
> 
> According to Conn we are losing about £1m per month! and according to the
> FT, on the 29th of January Flowers of Enterprise Insurance issued a Winding
> up Petition on Leeds United Football Club Limited due to unpaid loans.   The
> later may be a negotiating bid by flowers' consortium but it could also lead
> to administration as GFH have nary a pot to piss in anymore.
> 
> 
> 
> The problem that I have with new group trying to take over Leeds is that
> they may have the money to buy the club BUT do they have enough to cover
> £12m per annum loss, buy back the ground and TA AND invest in new players,
> as they are all just Businessmen I suspect not.    
> 
> 
> 
> TBH I think it’s all Bates' fault!
> 
> 
> 
> ttfn
> 
> 
> Richard
> 
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> John 'Grampa' Sykes
> Rest In Peace old lad
> 28th Oct 1938 - 12 Nov 2013
> MARCHING ON TOGETHER
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John 'Grampa' Sykes
Rest In Peace old lad
28th Oct 1938 - 12 Nov 2013
MARCHING ON TOGETHER

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