Doing a Leeds !

[Scott Kirkland]

Leeds are lucky they did not do a Newcastle.
Have any fun and ambition sucked out of them.

[ghostrider]

Any proof to back up that we could've done a Leeds.
It depends how people want to look at it as of now against as of then.

Let's go back to the time Ashley wasn't hated. When Hall was begging for the club to sell.
When the club was in so much debt it could not be sustained, unless someone came in and not only bought it but also sorted out that debt from their own pocket.

Ashley came in and did that....but let's assume he backed out or actually did do due diligence before realising the debt issue to its full extent, as we've all been told about at the time and to this day.

So what would've happened?
Hall stated he wasn't willing to sell the family silver to try and right the club.
It appears that Shepherd was angry that Hall sold it and believed they both could've carried on running the club...yet Hall knew the club was in a financial mess that his millions or Shepherds wouldn't even scratch the surface of and also no bank was willing to bail the club out.
Basically they'd spent in advance, all the sponsor money and what not and still owed big money on transfers and such.

Basically everything Leeds was and likely the same fate that fell on Leeds could've quite easily have fell on Newcastle....or even worse.

However, it's all if's and but's. It's back down to speculation and best guessing.
But you know what? I tend to go with the thought that we would've been in one hell of a mess if someone hadn't took over, whether it was Ashley or whoever...but it had to be someone who could not only pay the readies to buy the club but also pay off a large slice of the debt.

People who say, why didn't Ashley just wait for it to go into administration and then buy it. Did nobody read what Sir John Hall said?
He made out the club was fine. He made out there were interested parties willing to buy the club and were about to do due diligence before buying it.
He then said Ashley steamed in and said he'd buy it without due diligence.
Whether people want to believe that or not, is entirely up to them but to answer the question of not waiting for administration before jumping in, you have to know a club is heading for that...and how could anyone know that if they have zero access to the accounts?

[usedtobeshearer]

Any proof to back up that we could've done a Leeds.
It depends how people want to look at it as of now against as of then.

Let's go back to the time Ashley wasn't hated. When Hall was begging for the club to sell.
When the club was in so much debt it could not be sustained, unless someone came in and not only bought it but also sorted out that debt from their own pocket.

Ashley came in and did that....but let's assume he backed out or actually did do due diligence before realising the debt issue to its full extent, as we've all been told about at the time and to this day.

So what would've happened?
Hall stated he wasn't willing to sell the family silver to try and right the club.
It appears that Shepherd was angry that Hall sold it and believed they both could've carried on running the club...yet Hall knew the club was in a financial mess that his millions or Shepherds wouldn't even scratch the surface of and also no bank was willing to bail the club out.
Basically they'd spent in advance, all the sponsor money and what not and still owed big money on transfers and such.

Basically everything Leeds was and likely the same fate that fell on Leeds could've quite easily have fell on Newcastle....or even worse.

However, it's all if's and but's. It's back down to speculation and best guessing.
But you know what? I tend to go with the thought that we would've been in one hell of a mess if someone hadn't took over, whether it was Ashley or whoever...but it had to be someone who could not only pay the readies to buy the club but also pay off a large slice of the debt.

People who say, why didn't Ashley just wait for it to go into administration and then buy it. Did nobody read what Sir John Hall said?
He made out the club was fine. He made out there were interested parties willing to buy the club and were about to do due diligence before buying it.
He then said Ashley steamed in and said he'd buy it without due diligence.
Whether people want to believe that or not, is entirely up to them but to answer the question of not waiting for administration before jumping in, you have to know a club is heading for that...and how could anyone know that if they have zero access to the accounts?

"Blah,blah,blah...you are correct, there's absolutely no proof the club would have done a Leeds and it is a ****e argument to use when sticking up for Ashley"

There you go boys, no need to trawl through all that.

[Geordie1974]

I remember Ashley's interview.Ashley said he was in the Caribbean on holiday when he got the call to say we could be for sale.He couldn't believe it,so there was no sign of things being as bad as Ashley apologists make out.
Heaven forbid anyone on here has a different opinion to Wilf.

[malamoto]

If he did not do due diligence and bought it on an impulse why was he buying domain names linked to Newcastle United 6 months before hand?

[toonfalifekevbrown]

He looked at the books
Everything was there to see
Apart from the sponsorship money was spent on Owen

[toonfalifekevbrown]

3 years sponsorship bought you Owen back then
3 years sponsorship under Ashley's regime buys you joselu

[ranat22]

Sundlund “did a Leeds”

LALAS

[ex_pat_magpie]

3 years sponsorship bought you Owen back then
3 years sponsorship under Ashley's regime buys you joselu

It buys a bulge in the fat tossers back pocket to waste on whims like casinos etc.

[Kal]

Sundlund “did a Leeds”

LALAS

And the football world neither noticed or gave a f*ck.