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Thursday 15 August 2013

Have Gulf Finance House taken Leeds fans for a ride?

La plume de la ma tante! Did the Board of GFH Capital arrive at Elland Road in a yellow three wheeled van with the number plates DHV 938 D? Only a little more than six months after the takeover, and the "new owners" have already turned half the club's shares and made a three quarter of a million pound profit. There's commitment for you!

Leeds fans still haven't accepted what is happening to the club. Master Bates may have been a tight arse, but at least he played the "long game", restructuring the club and putting it on a sound financial footing before selling it on.

But Gulf Finance House, for all the Feel Good Factor claptrap, are only in it for the money and Leeds fans have no idea who they are selling shares to and how committed to the future of the club the new owners may be. Had they sold 49% of the shares the old line of bringing in capital investment may have washed, but with more than 50% of the shares sold, GFH are arguably looking for a way out.

So who will end up owning Leeds in the long run? With shares being sold piecemeal, the fans will have no idea and it may be that the club will simply find itself as a trading chip, with the threat of an asset stripper cashing in at some point should somebody like Byram offer an opportunity for turning a quick buck.

But Leeds fans won't be concerned. They have climbed aboard the Feel Good Factor Express and are looking forward to away day savers at Blackpool, Bournemouth and Yeovil. On with the Kiss Me Quick hats guys and enjoy the ride.

Because this time next year, GFH could be millyonaires!

27 comments:

  1. You have posted this on the wrong blog you arsehole. This is for WH not Leeds

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  2. I think you;re taking Leeds fans for a ride too

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  3. the pen of the my aunt. get with it spam dangler if youre gonna try and sound clever please use a dictionary you sad act

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  4. speed up your comment approval you waste of space.

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  5. be quicker to write you a freakin' letter and send it by pigeon. what a joke.

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  6. can't you get some cheap european labour to speed up your moderating. still in the dark ages at spam dangler HQ

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  7. http://www.motforum.com/article.php?page=29248


    Don´t worry.

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  8. Neville , firstly why don't you admit to everyone that the only reason you went quiet for a couple of months was because this site and your email was hacked , secondly Neville why don't you upgrade your firewall because the virus is knocking on the door princess

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    1. Hmmm interesting that that 2 month youth hosteling excursion happened immediately after that little spat with Handsome.....

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  9. They deal in equity - you thick tit. That's what they've clearly stated - but you still don't get it. The look for new investors. If they don't sell they don't make anything. That's fine by me - plus they got shut of Bates. I'm enjoying the ride.

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  10. What's with the Neville tag? Is it Gary Neville having a dig at the best club in the north? I love his articles, they always make me laugh and the comments afterwards are a giggle too.

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    Replies
    1. No, it is Wet Spams real name.

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  11. Go hit your head extremely hard on something with sharp corners

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  12. Has a Troll nothing better to do?

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  13. I don't think that Leeds fans need to be concerned. GFH have been open and honest in their dealings with the fans and have made it clear many times that they are an investment bank that buys projects and brings in investors to realise the potential of that project. They have been true to their word, they have sold shares to various partners in the hope of bringing in investment to strengthen the team and hopefully make a push for promotion to the Premier League in the next couple of years. I think the main positive is that the chairman has also invested some of his own money through Envest Ltd which shows that he is confident in the plans.

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  14. Good morning spam dangler, what such a thrilling read this morning!!!!!!! Thanks

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  15. Boring troll.bore off!

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  16. Least I don't live in bucharest! Urrr

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    1. LOL Nor do I. Looking at a place in Calabria at the moment. That's Italy in case you don't know.

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    2. Lol , dreamer ; the nearest thing to Italy you've ever been is domino pizza Neville ,

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    3. You must have a sad life if you think Italy is that exotic! Less than an hour to fly from Bucharest to Bari.

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    4. Nope I don't think Italy is exotic at all Neville , its you as per usual had to 'name drop' another location on this fantasy trip around the world you embark on , you remind me of Mr Ben , every day you dress up as a different person , yesterday James bond in the casion , today pas pa too around the world in 80 days , tommorrow?? I know how about billy liar lol

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  17. Fourteen posts on Leeds in Thirteen days HM.ffs get some help,your obsession will be the death of you...

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  18. The owners are looking to buy back Elland Road. Doesn't sound like asset stripping to me.

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