As recently as a week ago, Leeds fans were hopeful of a completed takeover, new funds available to the manager and some more quality coming to the side to push for that play-off place. Instead we find ourselves stuck to Sky Sports News for all the wrong reasons. Here we take a look at the possible options of what to expect today;
Sports Capital Resurrect their bid and buy the club
Sports Capital, the bid fronted by David Haigh and Andrew FLowers was the preferred bidder until just a few days ago, until Flowers broke rank and claimed GFH-C would not complete on a revised deal, one that Flowers judged to be fair based on new information discovered during Due Diligence. His statement seemed to signal the end of their interest, backed up by David Haigh yesterday. The deal looks dead in the water, but perhaps most worrying is the fact that Sports Capital has pumped significant funds into the club to help it keep afloat. How and when that money has to be repaid remains to be seen.
Our Verdict: Highly unlikely unless Sports Capital are playing the biggest game of 'who blinks first' in the world.
Cellino or Farnan purchase the club
A second consortium, fronted by Mike Farnan, which includes Adam Pearson, Gary Verity, Frank Devoy and Lucas Radebe has been waiting in the wings behind the failed Sports Capital bid, and is understood to have entered discussions with GFH-C to begin Due Diligence. Meanwhile GFH-C are understood to be trying to be playing host to Massimo Cellino, the much reported 'dodgy' Italian with a number of issues with the Italian Authorities to his name. Cellino has the funds to move quickly, and may just be impulsive enough to push the deal through within days, whilst Farnan and Co. will take their time, and may yet stumble across the same barriers that prevented the Sports Capital bid from completing. With two other potential bidders waiting in the wings, GFH-C could hold out on Sports Capital, but they may yet find themselves as the dog with three bones.
Our Verdict: If Cellino doesn't buy, GFH-C will find themselves without bargaining chips for the Farnan negotiations. Offers will be low and unacceptable and GFH-C could find all three have walked away within weeks.
Players sold to pay debts
It has to be said that it is a real possibility that players will leave Elland Road today. Sports Capital are said to have pumped in £6m in recent months to keep the club going, due to a lack of cashflow in the club. A shunned ex-bidder, sitting back and watching a mad Italian being shown round the executive suites, must be pretty hard to take and Flowers and co. would be well within their rights to demand the repayment, and GFH-C may find their hand forced is a buy-out is not concluded. McCormack, Byram and Mowatt are most at risk, and whilst some players may leave with the consent of the club (Luke Varney not wanting to play is one of them!), it is worrying times yet again.
Our Verdict: Will be watching Sky Sports News from behind the sofa, peeking out of one eye!
New Players arrive at Elland Road
Kebe and Stewart have already joined on loan, and must be staring at themselves in their respective mirrors, asking over and over again "What have I done?"!
With cash tight at the club, it is believed that Sports Capital backed the manager and provided the funds for the transfer ahead of their impending takeover. With that failing, loan agreements may even be terminated. Max Gradel is rumoured to be walking around the country after a number of transfers to Premiership clubs fell through last minute, but don't expect him to be hitching a lift up the M1 anytime soon.
Our Verdict: New signings? Hahahahahahaha!
Nothing happens at all
The most likely outcome from today, is that nothing happens at all. Nothing, Zip, Zilch, Zero. No news, no transfers, no statements, nothing. The hope of pushing a takeover through before transfer deadline day, to give funds to the manager to re-build has gone. GFH-C will do everything possible to keep the players, before other consortiums walk away from the deal (Surely it has to be a factor) and for the life of the Leeds fan, refreshing NewsNow will just serve to the ongoing disappointment and frustration.
Our Verdict: Will settle for no news at all today. Get Transfers out of everyones head, take a collective deep breath and see what the future holds.
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