Isnt it - he asked me to pay?

And its it "will we play"? "Till we play" doesnt make sense....

Has that ever bothered football chanters before.... see earlier in this thread..

"Kinky Knees Blue and White Army"

Theres an alehouse in Burnley I used to frequent

I met Stanley Turnip his money was spent

He asked me to play

I answered him nay

Cos I'll hate Burnley b£^%*! till my dying day

And its no nay never (Clap Clap Clap Clap Clap)

.....

The second one is an absolute Belter!!      

Although Im not sure that Burnley fits with Delilah, but "the Dingles" would!  Id be up for giving that an airing at the So'ton game!!!

.....Howard Wilkinson ?.

What about Stuart Wilkinson!!!

Is some one keeping an eye on jim?  A win at Boro he's going to be quite depressed you know.

I must admit to being a little worried, I havnt seen him since abour 3.39pm yesterday.....  

And a new signing scored...the moaners have nothing to talk about.

Its all Souness' fault - what does he think hes doing?  Winning a game?  

After three

Sack the board

sack the board

sack the board

Aint it sad one win and Im on a silly high the morning after!

I read the other day that the Premiership have rules in place stating that if a club goes into administartion all football debts (e.g outstanding transfer fees, players wages etc) must be paid first before anything else.

So the answer to your question is that it's because the league rules say so!

I saw the same thing, but I doubted that Premier League rules would outweigh legislation, various Credit Acts and Companies Act (s)  etc......

I think administration is a very imminent arrival so only time will tell........

I think there needs to be some clarification here.

According to most reports I have read the players are being asked to take a deferral of their wages, not a pay cut.  ie they will be paid the amount owing in the future (at an agreed date usually)

Would I agree to my employer owing me a large sum of money if there was a high probability of them going bankrupt and me just being added to the bottom of a long list of creditors?  probably not.

WOuld I agree to it as a short term measure to try and ensure the survival in the one league were they have a chance of sorting their solvency out?  maybe?

Or would it be a tactical gamble to put themselves back int he hsop window for the next 4 months to try and get out of the place?

It appears that Leeds have gained a 2 week reprieve from their creditors.

I believe that the 'deadline' of tomorrow was just a date pickied by the Leeds board in some, seemingly, misguided attempt to try and get some rich arab/russian/or whatever to invest in a football club they know nothing about.

I dont believe the creditors are pushing for administration as it would mean that any chance they had left of staying up (and therefore being able to pay some money back rather than implode) would disappear with the sale of the likes of Smith, Robinson et al.

stuwilky, you couldn't be more wrong.

Leeds had to come up with about £5m in cash to meet payments falling due in mid-December.

They couldn't find the money and went grovelling to their creditors to beg for more time to pay. They were given four weeks which are up tomorrow. It appears the creditors have gone soft again and will give Leeds another week or two to find the money.

If I were a creditor of Leeds United, I would tell them to sell ALL their players right now and get as much cash as they can for them, bring in new ones earning at most 25% the last lot were on and know that there is a fan base large and loyal enough which can re-pay my debts and interest after the incidentals of rumnning the football club.

If the Directors of the Football Club will not do that, put in an Administrator who will.

Why do I need Premiership football to pay off my debts? I know that a perfectly good First Division outfit can be run for well under £20m a year. Gate receipts at Leeds in Div 1 would still be £20m a year, commercial activities would still rake in £10-15m a year and I could trouser the Premiership parachute payment of £5m  

Remember, most of the debts are to American financiers and that is exactly how they will look at it.

Philipl I take your points, but disagree.  If a club like Leeds start to try and quick sell all their players, they aren't going to get the going value for them.  Therefore minimising the payments to creditors.  I agree about the wages, but if the board are succeeding in getting the players to take a 20-30% pay cut (only speculation I know) then why would anyone want them to be sold and new players bought in who weren't up to scratch.

I would imagine the players may be worth more if they stay the season out and help the team to stay up (a calculated gamble!)  

Its an interesting one thats for sure and only time will tell what will actually happen.

I cant see Leeds managing to shift many players in the 12 days before the window closes once again.  But I am happy to be proven wrong (esp if we buy some of them!)

It appears that Leeds have gained a 2 week reprieve from their creditors.

I believe that the 'deadline' of tomorrow was just a date pickied by the Leeds board in some, seemingly, misguided attempt to try and get some rich arab/russian/or whatever to invest in a football club they know nothing about.

I dont believe the creditors are pushing for administration as it would mean that any chance they had left of staying up (and therefore being able to pay some money back rather than implode) would disappear with the sale of the likes of Smith, Robinson et al.

Hughesy, philip and stuwilky are right. I was half joking with my original post. It probably isn't worth it. The thing about what are called "penny shares" is that you can do well with only a small increase in price. £500 gets you +/- 11,000 shares and IF, very unlikely, they go up by say 5p you can make £550 return. It's a straight gambe, if you have £500 you can lose, fine, if not don't bother.

Last time I did this I lost £400 in a year, on the other hand when I picked up ASDA at 23p many years ago it was a great investment. You have to know what you are doing - I don't - but any fool could see ASDA at 23p was amazing.

If the stock market price is rising it's probably someone taking a punt with money they can afford to lose.

If you are interested get yourself a good stockbroker, but you need to have money you are

a) prepared to lose

prepared to invest for atround 5 years

Anyway back to Leeds.........

Are they likely to go up alot more now then?!

No,

see Philipl comments, they are spot on!

How can a company with more debts than assets be worth anything!

Sorry its early, was working it out as below.

500.00 x 0.04375 = 21,875.

Ignore me!

How much do the dealers charge and also what fee do they charge when you sell?

Ring one up and ask, it is usually dependanton the value of the trade, mine charges anywhere between 12 and 20 quid plus a percentage.

Have you bought any leeds shares?

No, but my stockbroker told me to last night, and I didnt.

Bloody Leeds, one decision I regret turned down a few hundred quid but hey who cares!

Sorry its early, was working it out as below.

500.00 x 0.04375 = 21,875.

Ignore me!

How much do the dealers charge and also what fee do they charge when you sell?

Ring one up and ask, it is usually dependanton the value of the trade, mine charges anywhere between 12 and 20 quid plus a percentage.

Hughesy - Leeds plc shares are currently selling for 4.375p. They have been as low as 1.25p.

Remember the value of your investment can down as well as up.

Would that not give you 21,875 shares then??

Go one Hughesy, tell me how to double your money like that, I sure need it.

50000 / 4.375 = 11,428 shares.

But it is a bit of a false figure anwyay cos youd have to pay dealer chrges and everythign else but anyway.  Hughesy tell me your trick.

Surely, If Leeds can't (or don't) pay their players, then that is breach of contract. I'd assume that the players would then become free agents.

Anyone else got any thoughts?

They would eventually but I suspect it would have to go through court, just because one party breaches the contract it doesnt necessarily terminate the contract.  Footballers contracts might be different though as I know some other aspects of law dont apply either.