Indeed, the takeoevr should be done ASAP if Leeds are to have any hope of survival. It does look like the consortium is the last hope for Leeds to avoid administration/liquidation.

If the takeover was completed, what would happen to the debts ?. Would an agreement with the creditors to pay a certain % of the £100m+ debts have to be in place before it can take place ?. And where would the money used to buy Leeds go ?.

What do you mean ?. Djimi Traore and Salif Diao are world class !    .

Although Ian St. John has said some tw_ttish things about Blackburn recently, the article does suggest that he did OK with his managerial career given the circumstances. Houllier has blown loads of cash on rubbish, and has in effect made the squad less impressive than Roy Evans' squad.

That theory sometimes works, but then the USSR was supposed to a step towards a stateless Communist society i.e. you have to be careful about these things.

The severance pay might prohibit a sacking during the season as well.

Ex-Bradford City chairman Geoffrey Richmond is involved in this consortium.

http://news.bbc.co.uk/sport1....821.stm

So that'll be administration then.

This could be a nasty equation:

No news about the consortium today + a statement at 5pm about Leeds' future = Administration ??.

Thank goodness I'm not a Leeds fan at this moment.

Something clearly dramatic is about to happen if the shares are suspended now asopposed to at any of the other deadlines. The share price has been steadily losing ground and whether it is a sale or administration, the shares are effectively worthless- only sentimentalists have been keeping the company's nominal value up but even that had fallen from £13m to £8m.

Ordinarily the suspension of a company's shares is because of irregularities either in share dealing or within the company or pending a very major announcement when leaks could prejudice one set of shareholders who don't know relative to those who do.

The lack of commentary on the news wires points to journalists wanting to be very careful. That in itself points to very bad news for Leeds.

Leeds have said the suspension is pending a statement about their financial position.

In other words, Leeds' shares have been suspended so they don't go up or down due to any leaks about this announcement. Journalists, are not willing to speculate, as that might also influence the shares. No-one wants to say what is happening either way until it is the catagorical truth for these reasons.

Have I got that right ?.

There is going to be an excellent Italian coach looking for a job in the summer.

I wouldn't trust that news. You know what Italian manufacturing standards are like  .

Who are you talking about anyway ?.

ian muther******* dowe?! oh...i get it, your being sarcastic.

Well he has a decent track record in keeping Oldham in business in the second division, and has done enough for Simon Jordan not to sack him yet. He may be more of a long term replacement, but he seems to be doing pretty well at the moment.

I can't think of anyone else who could be remotely available who is good enough. Glenn Hoddle ?, Howard Wilkinson ?. It could be a lot worse than Dowie.

How dare Souness get a win, he's rubbish, Souness out this second. We will be relegated if he stays.  :'>  

With the bottom 4 all losing, it's given us some breathing space for now. If he is to go, he should leave at the end of the season, and when someone better is available, like Iain Dowie for example.

Wasn't the guy who died in Top Gun called Goose ?. And wasn't he the bloke who was in ER for a while ?.

Both geese and swans are the townies of the bird world-make lots of noise, act aggressively in gangs, and like to try and scare people.

By the way, Tiger sharks are supposed to be one of the most aggressive types of shark, and eat Albertrosses. So swans, geese and ducks should be a piece of p_ss. Don't know about a sharktiger though, it sounds like a thing of Ian Brown's imagination to me. All these are a load of jessies when you consider the scariest shark ever-Megalodon.

A mate was telling me today (lives near canal at Fenny) that he heard a tapping on his back door (house door!)  and opened it to see a duck. Duck walked in his kitchen, shat on the floor and walked out again bold as brass. True story that.

Quality birds those ducks.

Sounds like a Badly Drawn Boy Video.

Got to say aggression is their only weapon.  8lb weight, a blunt beak and webbed feet is hardly a killing machine is it?  But its really amazing how many people are shitscared of em.

Could be worse, you could meet an ancestor.

Do they get £200 is they pass go?

The way things are going for Leeds, they'd have to mortgage Old Kent Road, and will end up picking a 'Go to Jail' card on chance, without being able to pay the fine.

To get it back on track we really some news from Leeds Utd. from the BBC earlier.

Boo

oh well if you want to play sensibly

Birch's formula to revive ailing Leeds

I'm curious now, as to whether Parsnip soup does make you fart now.

But to get on the topic of Leeds, the failure to sell Robinson has really stuffed Leeds if they go down. Take away the £20m or so in Sky money, and then you could probably add £20m of debt to the figure. Personally, I can't see how Leeds can avoid administartion since wages have been deffered and not cut, and they're running out of players other teams want.

If they did go into administration what would happen to the debts ?. Would they be cut/removed, or would they still have to divvy up the £100m+ to their creditors ?.

I'll agree, if only because you're a moderator  . Just let me do my thing on the 'Burnley on the edge of a cliff' thread, if that's OK. Right now, I'm in the kind of mood where I'd probably decide to post some typed free-form jazz vocals on the AGM thread .