----- Original Message ----- >C&P from the YEP: Leeds's past blunders to cost £20m The United chairman said: "The fans may not like the facts, but they are the truth." Additional annual costs facing Leeds include the sum of £1.6m to rent Elland Road and their Thorp Arch training ground, plus an additional £500,000 in rates.
It is a great improvement, and is most welcome, that the idea of putting out a summary of the facts is catching on. It all sounds very much as expected and is the reason that a new owner needed to have a source of around £25 Million to get the club through the debt overhang phase. All pretty much known at the time to people like Mr Stubbs and presumably to Mr Sainsbury but possibly not to Mr Bates himself for whatever reason. The only surprise is the mention of Rates of half a million. It is very unclear why there should be an additional Rates bill. Perhaps he means that there was a rates arrears. By putting out the facts in a logical and believable manner it should remove some of the wilder theories which arise from the previous (non-) approach to providing information. It is a welcome move in the right direction. What the fans really don't like is not being told this sort of thing as opposed to the facts themselves. Hopefully this is the start of a new direction which will see less of an us and them approach from the club. It is well overdue and sorely needed. _______________________________________________ the Leeds List is an unmoderated mailing list and the list administrators accept no liability for the personal views and opinions of contributors. Leedslist mailing list [email protected] http://list.zetnet.co.uk/mailman/listinfo/leedslist 'I am in shock,' said Ferguson.
