Some financial positives slowly emerging behind the scenes.
Rad's balancing of FFP with Purchase and Sales finance 'hole' is looking better now with promotion.The P&S is a statement that a brokerage gives to a client showing changes made to the client's portfolio.That is, the Purchase & Sales sets forth the securities the client has bought and sold over a given period of time and the effect that has on the client's net positions.Our commercial and retail income last Championship season 2018/19 (even after 15 years out of the top flight) was larger than Brighton's in the cash laden PL please note,so was very healthy and even better now.
Its known interested parties with eager ready 'wet pens' are again 'now holding talks' in the USA corridors of the 49'ers (our 10% owners).
Reports in French media are also stating another American Frank McCourt the former owner of U.S. baseball team L.A. Dodgers now owner of French Ligue 1 soccer club Olympique de Marseille is now trying to sell the club he bought in 2017.But the French FA (FLP) don't want his preferred 'Saudi buyer' nor indeed do their fierce rivals PSG of Paris particularly QSI who may wish to invest elsewhere which could be good news for Leeds now we're up.How much,if,when and where who knows and also McCourt has money to burn and was interested in Newcastle Utd.
https://www.getfootballnewsfrance.co...-very-closely/
At Leeds Radz has played by the rules (which has hamstrung investment) so I’d guess the 2019/20 accounts will show there’s been investment right up to P&S limits as Kinnear has hinted at such a few times publicly. Obviously this would be no problem for big bank rollers whom may wish to buy a share if Rad wants to remain.
Mike Thornton (Twitter, Leeds Utd fanatic & Finance expert lecturer) also recently pointed out that our capital allowance went with the Rad's changes to P&S and that is now essentially the 'punishment' for any forthcoming FFP breach and would require Leeds to secure further funding to compete or sell out which would end the 'family' feel to our club particularly close fan liaison which is now evident behind the scenes.
But we need to compete full stop and need further fund injections or buyout and with a transfer window approaching is it better to appear skint or to be loaded ?
MOT