New signings

[cherrypie7]

Here are my predictions:
1. 49ers will sell Leeds by January
2. New owners will sell Meslier for undisclosed fee without a replacement
3. We will win 18 games, lose 18 and draw 10.
4. We will remain in Championship for 2 more years before making the drop to League 1.
I still haven't got over losing out on automatic promotion and losing to Southampton.

[WTF11]

Problem is , due to Farke messing up promotion last season , we had no choice but to sell one of the crown jewels to balance the books for the FFP issue.

The board did tell Farke if he gained promotion last season there would be no need to sell anyone.

Gray would not have been my choice but if he was the only player we had a concrete bid for , and we were running out of time to sort the FFP out then lets be realistic the board had no real choice , well the choice was a points deduction for not going by their rules.

Damned if you do damned if you don't situation.

Gray wasn't sold to address FFP issues . MTs post showed quite clearly that with the allowed costs associated with Covid etc Leeds were well within the permitted loss limit over three seasons. The sale was made in order to pay some of the outstanding transfer fee payments, which shows you how little value 49-ers Enterprises put in Gray as an investment for the future (and how shallow their pockets really are).

Serious business owners don't sell key assets when money is tight, they borrow for the long term.

[Rev72]

Gray wasn't sold to address FFP issues . MTs post showed quite clearly that with the allowed costs associated with Covid etc Leeds were well within the permitted loss limit over three seasons. The sale was made in order to pay some of the outstanding transfer fee payments, which shows you how little value 49-ers Enterprises put in Gray as an investment for the future (and how shallow their pockets really are).

Serious business owners don't sell key assets when money is tight, they borrow for the long term.

Nancy Froston of the Athletic stated PSR concerns were behind the sale of Archie Gray , PSR is the new FFP ???

Not disagreeing with MT's post just putting out what has been said.

IF we had no reason to sell then that is truly sh1t but I just find it a bit hard to believe to be honest but what is also a blow is Archie's agent had a 40m release clause inserted into his new contract which kind of tells its own story in my opinion - aka - no promotion no premiership off we go!

[hopelesslyoptimistic]

Unless you are privy to the inner workings of the board none of us will actually know.

40m for an 18 year old which allows Rodon to go the other way is a pretty decent deal no matter how gutting that it was Gray.

Sure at least one of Summerville, Gnonto and Rutter will also go but they probably wanted the money to be sure about bringing players in before the others get sold.

As others have said, the minute we failed to secure promotion we became vulnerable to either the vultures circling and/or the need to sell.

No point complaining as not a lot we can do about it.

[george_kaplan]

Unless you are privy to the inner workings of the board none of us will actually know.

40m for an 18 year old which allows Rodon to go the other way is a pretty decent deal no matter how gutting that it was Gray.

Sure at least one of Summerville, Gnonto and Rutter will also go but they probably wanted the money to be sure about bringing players in before the others get sold.

As others have said, the minute we failed to secure promotion we became vulnerable to either the vultures circling and/or the need to sell.

No point complaining as not a lot we can do about it.

… x2.

[WTF11]

Nancy Froston of the Athletic stated PSR concerns were behind the sale of Archie Gray , PSR is the new FFP ???

Not disagreeing with MT's post just putting out what has been said.

IF we had no reason to sell then that is truly sh1t but I just find it a bit hard to believe to be honest but what is also a blow is Archie's agent had a 40m release clause inserted into his new contract which kind of tells its own story in my opinion - aka - no promotion no premiership off we go!

I'd suggest you trust MTs facts and figures rather than an assertion from some here today, gone tomorrow journo.

There WAS a reason for selling, I.e. that we needed to pay some of the outstanding transfer fees and the management weren't interested in putting their collective hands in their pockets.

[Rev72]

I'd suggest you trust MTs facts and figures rather than an assertion from some here today, gone tomorrow journo.

There WAS a reason for selling, I.e. that we needed to pay some of the outstanding transfer fees and the management weren't interested in putting their collective hands in their pockets.

Would hardly call her a here today gone tomorrow journo as she has taken over from Phil Hay at the Athletic with her job assignment being all things Leeds.

Truth is none of us are really in the know so will just leave it there....

[Billyni]

Nancy Froston of the Athletic stated PSR concerns were behind the sale of Archie Gray , PSR is the new FFP ???

Not disagreeing with MT's post just putting out what has been said.

IF we had no reason to sell then that is truly sh1t but I just find it a bit hard to believe to be honest but what is also a blow is Archie's agent had a 40m release clause inserted into his new contract which kind of tells its own story in my opinion - aka - no promotion no premiership off we go!

You may need to see a doctor for some of those abbreviations

[Monaco_Totty]

Difficult to get across what PSR is but
it's critical to understand that cash flows & profits are different - as my Mum would say "Revenue is vanity, profit is sanity but cash is king.” 😅

Profits indicate the income remaining after all expenses, cash flows indicate the net flow of cash in & out of a business.
So the intrinsic value of any business is derived from the cash flows it can expect to generate.

Cash flows are generally considered a more robust metric to assess an entity’s financial performance as compared to profits which can be affected by accounting policies or “creative practices" - so enter PSR ! 🙂

The Leeds Board desire to include the sale of Gray into their 2023/24 accounts season suggests the club were off setting particular PSR rules which cover all figures accountable on our balance sheets for that periods requirements.

As clubs can only lose £15m of their own money across 3 years, that's no more than £15m extra on outgoings like "transfer fees owed", "player wages" & in lots of clubs cases paying off Coaches - all then compared to their income from TV payments, Season tickets revenue, selling players etc, etc.

So anything above that up to the £105m barrier "must be guaranteed" by their owner(s) buying up shares, known as 'secure funding', so essentially bankrolling the club, mmm.

The leagues require clubs to submit their "financial-plans" for the next 2 seasons providing info into how they're going to avoid overstepping the mark.
So of course any "newly aquired" outside investment would be most welcome, as was the case for Leeds who publicly announced (coincidently) via Red Bull on 2nd July 2024.😉

Transfer Payments owed & Wages out were the main issue - no matter what Kinnears latest PR press skirt "squeeze" suggests.

You'll recall Leeds turned down the Brentford offer for Gray basically over their payment schedules offered not being accepted !

As our owners were under pressure to report the Gray deal in last accounts (for which the deadline passed on June 30th 2024) to cover the whole 23/24 PSR period & ensure we stayed within all financial rules within that deadline including all our transfer payments legal obligations being met.

Although the Gray transfer concluded on July 2nd 2024 it is believed the club were able to provide the basic required remit paperwork allowable to the relevant authorities (PL & EFL) into allowing them to backdate said transfer to Spurs within the 2023/24 accounting period rules.
As i previously alluded nothing strange about release clauses for players nowadays which the club was happy to also publicly state as they knew fans would be upset.

Whilst this would probably be reported by club PR as mere “near miss mitigation" it would have also been assessed as a defo breach of PSR if indeed it was filed in the FY24/25.
So it is generally believed the transfer was actually accounted for in the FY23/24 period & therefore "no breach" for all scheduled transfer repayment obligations which were subsequently met on time.

Stefan Borson (Group CEO Watchstone Group plc Easteigh) regularly comments on football finances on X-Twitter, particularly Leeds Utd, which of late he's also suggested that our Board had to act in the "creative way" to circumnavigate PSR within the fee's owed schedule rules.
Likewise @KieranMaguire the football finance wiz too.
https://en.m.wikipedia.org/wiki/Kieran_Maguire

I understand Leeds actually turned down a solid £30m offer for Rutter after the Gray deal had concluded with sources in France stating it was Brighton who'd put said bid in & that both Lyon & Marseille were interested too, with the latter also still keen on Meslier. 😬

That recent offer refused would suggest that the Gray deal money was indeed set within an installment plan that can provide no need to sell our better players on the cheap to satisfy PSR rules now.

Finally, now the PSR's rules deadline has passed, all clubs can re-assess their purchasing power for the remainder of the window leaving us to have a list for in's if our stars release clauses are triggered & if they wish to go of course. 👀

Just saying

[Tichi1]

Problem is , due to Farke messing up promotion last season , we had no choice but to sell one of the crown jewels to balance the books for the FFP issue.

The board did tell Farke if he gained promotion last season there would be no need to sell anyone.

Gray would not have been my choice but if he was the only player we had a concrete bid for , and we were running out of time to sort the FFP out then lets be realistic the board had no real choice , well the choice was a points deduction for not going by their rules.

Damned if you do damned if you don't situation.

Nail on the head as usual Rev