How disgusting. If the rumours are true, it seems GFH Capital only bought Leeds United with a view to turning them at a profit.
I always warned that the deal stank, and that protracted negotiation period is now possibly explained. The bank built on sand was probably looking for a buyer even as they were running down the exclusivity period, ignoring the needs of the club for stability in order to turn a fast buck.
Remember what happened? The take over seemed to be going nowhere, then rumours of other interested parties emerged and suddenly the deal was closed. The trouble is, those interested parties have since run for the hills, leaving a potentially cash strapped bank holding an unwanted trading chip that nobody else seems keen to buy.
And now the news is out, what strategy would you use if you wanted to buy the club? Wait. The longer the Arab bank holds on to the asset, the more desperate they will be to sell it. And if investors take that approach, poor Leeds fans could see their new owners selling players in order to asset strip the club ahead of a fire sale sometime next year.
Byram to Man City? It looks odds on to me now. If they are struggling to turn the business, why shouldn't they milk the business? The cash cow of the Prem is out of reach, but the cash cow of moveable assets is there for the taking.
Worrying times if you are a Leeds fan. And I warned about this before the take over was completed but too many Leeds fans had oil in their eyes to see.