Yeh but Leeds didn't get the parachute payments until they were relegated.. which still makes my point valid this being that leeds were relegated from the premiership because they were trying to clear the debts they were in. If they weren't in debt then they wouldn't have got relegated.Peter Ridsdale gave David O'Leary money to buy players. He borrowed a loan of £60m and gave it to O'Leary to spend on players, gambling on qualifying for the Champions League. Leeds failed to make it to the Champions League and couldn't repay the loans so they sold Rio Ferdinand. O'Leary was sacked and replaced with Venables who wasn't very good. This resulted in Venables being sacked and more players being sold to cure the £103m debt that they had accumulated. The number of players that Leeds had amounted to more than £103m and with the parachute payments from the Premier League then should have been able to spend money to fight for promotion.
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It was Leeds own fault that they were in debt. They bought too many players to gain more money from the Champions League but they failed to qualify. In the Championship, Leeds had money to buy players to get promoted back to the Premier League.Yeh but Leeds didn't get the parachute payments until they were relegated.. which still makes my point valid this being that leeds were relegated from the premiership because they were trying to clear the debts they were in. If they weren't in debt then they wouldn't have got relegated.
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But Nasri was saying Leeds have never had fincancial problems..
I know we could have got promoted back into the premiership, but we lost to watford.
Im saying if we didnt have the debts then we wouldn't have been relegated, Im just saying Leeds have had fincanical problems which resulted in them being relegated from the premiership, we're stable now though.
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Leah, please let this thread die... it was dying until you just bumped it back up.
If you want to discuss it with me, via PM please.
I was actually replying to the post above my last actually.
whats there to discuss, even that guy admitted leeds were in debt.
so there was financial problems.![]()
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Leah knows what she is talking about k thx![]()
Last edited by F32; 03-06-2008 at 08:47 AM.
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