Quote: homme vaste "Can you point me to the bit where it refers to Leeds paying 5 million? Also PT i`m sure probably wasn`t talking about the cricket stadium as well which you have included in your 40 million figure?'" https://www.constructionenquirer.com/20 ... ding-deal/ Here.

Quote: homme vaste "Can you point me to the bit where it refers to Leeds paying 5 million? Also PT i`m sure probably wasn`t talking about the cricket stadium as well which you have included in your 40 million figure?'" https://www.constructionenquirer.com/20 ... ding-deal/ Here.

Was told Leeds are renting the new stands so it does not show on there balance sheet

For someone who claims to be employed by the club you seem to have huge gaps in your knowledge, both on off and on field issues.

Think it’s best you drop that pretence now.

Lol. Once again, I have never in my life claimed to work for the club, let me tell you now I do not nor have I ever before worked for the club, i hope that clarifies things for you but my guess is you are on the wind up again as someone has said something you don't like vastcap, don't like it when shoes on other foot do you?

Anywayyyyy…

Think it’s class that we’ve recorded such a tidy profit and not scraped by or even worse, made a loss. Credit to the guys in charge.

Leeds put in the £5m of cash that they'd built up over the past decade or so of profits.

The balance was arranged via Legal & General and effectively Leeds Council have guaranteed it which reduces the interest charges. The structure however is very involved - but Leeds couldn't care less whether the debt shows on their Balance Sheet, it's more sensitive for Yorkshire though and it facilitated the council's involvement.

In summary, Leeds and Yorkshire have rented the ground that the new stand is built on to Legal & General, who have paid for the construction which is then leased to Leeds council who then sublet it to the two clubs. The clubs then have a provision to buy for £1 at the end of the deal. Ultimately the clubs end up paying but this arrangement made it more flexible and more affordable.

Whether it would have happened without council involvement I don't know, probably as YCCC needed it to happen. But any club which doesn't have the support of their local authority (as Cas and Wakey seem to have done on and off over the past few years) will always find it hard not just in financial support but in smoothing through all the planning issues.

Well that's put us in our place lol

Yep, good to get that info from the Ghost.
Does say that in a very longwinded way in those articles I referenced.

did your players take a wage reduction last year? like was mentioned across much of the league?

I believe so.

Yes they did, but Carter has said that all deferred wages have now been paid in full.

When did he say that?

Just after he paid them I would guess. Does he still owe you?