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Leeds ARE going down
But I suppose every little will help...
It is believed that this money could somehow be used to secure the signings of a few 'cheap' players. So, really, they're only looking at the likes of Lamine Sakho and Salomon Olembé, who are already at the club, on-loan.
If they could find more money from investors, they'd be able to buy some 'better' players. West Ham's return to the Premiership isn't guarrenteed, so I reckon they could get a good deal on someone like Michael Carrick, if they had more money.
It's not a totally 'hopeless' situation, but it isn't great, either.
If that foreign investor invests... there be hope.
At least Peter Reid had a good knowledge and understanding of the players around him, in HIS team.
If Paul Hart or even David O'Leary were to walk into the job now, they'd need a good month or two to get a good 'knowledge' of it all, before they could really start to turn things around.
And within those 5-or-6-weeks, Leeds could so easily fall even further behind, so quickly!
They need to hang onto and make use of what they've got - and to start doing it as soon as possible.
Whether Smith and Robsinson and co. do stay-on next season or not, they're still unlikely to have a squad like this again for some time, with the number of loan players in the team.
They're doomed now, and that's about it, really!
After the football drought due to the First World War during 1915-8, a lot of clubs found themselves in financial trouble, due to the lack of games (and therefore ticket sales). Leeds City were in massive trouble, due to spiralling debts.
They auctioned off their players to other clubs, and sold off their training ground. They then reformed under the name of Leeds United. Not completely relevant, I must admit. I don't think that Leeds Utd will sell their training ground, although it could make a shedload of cash. :)
> Why would it be a sad day for the premeirship?
>
> Good riddance to crap I say.
Leeds, like Manchester United, Arsenal and Liverpool are one of the mega teams of the country no matter how well they are doing.
They are part of England's footballing history and to lose such a massive team because of stupid debt problems will be a sad sad day for football.
Explanatory mode:
Leeds stated at the start of last season that they had £70million debts. They about £60 million worth of players and they're debts increased to £84 million.
After these measures, the clubs debts will, SOMEHOW rise to £150million.