Thursday, 11 October 2012

All the clarity of frosted glass as Leeds and GFH make joint statement


Interesting. Last week Master Bates told us that he would like to tell the fans more about the deal with GFH Capital but couldn't because he was bound by a confidentiality agreement; now GFH Capital Chief Executive David Haigh has claimed, "The importance for us to talk to the numerous fans and supporter groups of Leeds United on the acquisition of the club can not be underestimated, but at this time, we have to respect the confidentialities of a deal of this nature."

So let's just translate that shall we? Bates wants to be open with the fans but can't be because of a confidentiality agreement signed with GFH Capital; and Haigh wants to be open with the fans but can't be because of a confidentiality agreement signed with Bates. Hmmmm.

Here's an interesting thought. Given both parties want to talk to the fans and both parties feel constrained by the confidentiality agreement, why don't they both agree to tear it up?

And of course they would do if this was anything close to a done deal. But somebody is playing silly buggers. Is it Bates, holding out for more than GFH Capital want to pay? I doubt it. He would then be inviting rival bidders to join the fray.

So is it GFH Capital? They are feeding off of free publicity at the moment and rumours continue to circulate regarding their financial well being. In fact, the Yorkshire Evening Post claim "Gulf Finance House held less than £4m in cash in June this year, £800m less than at the end of 2008." That seems a pretty dangerous rumour to peddle if there is no truth in it. If I was the CEO of GFH Capital, I would be threatening legal action if a newspaper was unfairly slurring the reputation of my company. After all, a bank without reserves is like harem without women: fcuking useless!

So what is going on? Haigh insists he has spoken to nobody - and most definitely not LUST - and is even denying quotations attributed to him. He has not claimed the deal could be done in three weeks apparently. Nor did he compare the club to Pamela Anderson.

Meanwhile another GFH Capital talking head, Salem Patel has said that both sides are looking to reach "as swift a conclusion to this deal as is possible". Really? Then sign the bloody contract and show Bates the exit! If a buyer wants to buy, a seller wants to sell and the deal has been agreed, there's no reason for a delay is there? Unless the buyer doesn't have the funds to complete the deal, of course. Then the delays could stretch on for ever.

Incredibly, in the light of the lack of substance in the so called "joint statement", United chief-executive officer Shaun Harvey said: “As with all speculation, not all of it is correct. And we are pleased that both are able to clarify the situation.” That is clarify as in stirring up the muddied waters or steaming up a frosted glass window presumably?

Five months in and still nobody has any idea what is really going on!





34 comments:

Anonymous said...

THANKS FOR THE SUPPORT HF!

Marching on together


x

Anonymous said...

you must be bored in bucharest hf............

Anonymous said...

What you are saying makes sense for once, at least I have read one of your posts were you haven't been a complete knobend

Dirty Leeds said...

Great article and totally agree with you, GFH are starting to seem full of sh*t now, either sign the deal or jog on.
More articles like this please rather than trying to wind us all up.

Anonymous said...

leeds united, like a young pamela anderson. west ham united like an old nora batty. TOSSER.

KevCebu said...

Again,same old shite. You must have been bullied at school, such a wanker.One day Leeds will be great again and West Ham will continue to be one of those,many London based mediocre teams that never falls on hard times, but will never ever excel to anything better than nothing! MODERATE this one if you want. MOT

Anonymous said...


I'll give you 8/10 for this read.

It would be a 10/10 but your not a Leeds Utd Supporter.

Or are you?????????.

MOT

Anonymous said...

You forget of course that Bates would'nt entertain any buyers without proof of funds so your arguement is lacking substance now piss of troll

Anonymous said...

i love how you keep saying we and you seem angry with whats going on ...hmmmmm you remind me off a leeds fan ....

Hammersfan said...

1744, as I have repeatedly said, i am a football fan. I am interested in all football clubs. Leeds are a big club, there is no denying that, but a club in the doldrums. Anybody not interested in this story is not really interested in football. That's why I latched on to it and it is why I am still following it closely. Yes I joke about it, but I also comment seriously on it. How many weeks and months ago were Leeds fans saying the takeover would happen "tomorrow"? Now Haigh won't even commit to "within the next 3 weeks". Why for fcuk's sake?

crusader knight said...

can you unfrost that phucking glass pal

Anonymous said...

for once this is one of your better articles. if you did more of this rather than the silly pammy anderson one you did the other day you would get a lot more respect off leeds and hammers fans

Anonymous said...

If you can write an article like this why do you write crap on most of your other blogs about Leeds all that you have said is true and makes you think about the take over in another light so all that said and done good blog you need to stop writting crap about Leeds it makes you look like a twat

Anonymous said...

Fuck me are you feeling ok ?
If you're not writing shit you're writing sense.
No shit off me today but would prefer more of these than slagging us off.
Oh and i still think youre a dick tho

Anonymous said...

Oh hammer oh hammer you love leeds dont you boy. Why dont you go blow your self off and do one you muppet

Anonymous said...

Five months in and still nobody has any idea what is really going on!

How long has the West Ham stadium saga been going? 2 years?

Anonymous said...

Well written, good content. Interesting take on things.

Anonymous said...

If there is one thing I have learned in life it is never trust a tory... an DH is a Tory boy

The money is coming from a company/culture who admit they don't understand football

Not great !

Only time will tell how it pans out

Thanks for the article...maybe your are not a total t*** after all

Leeds have a history of failure and bad luck...this might be another chapter..

Anonymous said...

I get the feeling you have a split personality, you must have, one day you write sense like this and tomorrow slagging us off. See a doctor, your health is at risk.

luke brownbridge said...

They say the are helping/advising on the takeover. Maybe gfh are just the front for someone who is using them to buy leeds. Maybe this person or sons forced the confi agreement. Thats why both sides wish they could say more. Just a thought.

luke brownbridge said...

I dont think gfh are the money holders. Someone else is and they want the confi agreement.thats why both sides cannt talk. Gfh are being used to do the purchase the owner will be someone different. I like all your articles. Funny at times. Mot.

Anonymous said...

yeah maybe you are correct,but we don,t shit areselves when we play millwall.

Anonymous said...

Is your name calvin klien ? Obsession ......springs to mind lad .....cock cheese
.

Anonymous said...

You want to be COE of GFH? What does the COE do?

Anonymous said...

this lacks the comedy value of your usual posts HF - although poorly researched your comments are not that far off the mark and echo other Leeds fans appraisal of the takeover.

I'm not sure if you meant this to be more factual or if your digs are too subtle.

Can you write something more inflammatory again next time so that I can laugh at the abuse you get?

Anonymous said...

Spot in Article! Lets get a few things straight:

1. Buyer wants to buy seller wants to sell
2. News agencies (including Reuters) reporting on the deal have not only been fabricating information but also misquoting GFH representatives.
3. GFH have never spoken to LUST...................(directly) come on fella's what does this mean?? Directly?? Have the lines of communication ever been established - yes or no please!!!
4. LUST's credibility has been damaged by point 3.
5. David Haigh's first real address/sound bite to the fans read like schoolboy with no homework:
Teacher "well when can you hand it in?!"
DH "erm dunno miss, I'm working hard on it now and erm if I keep working hard on it in could be done for about three weeks time?"
6. And let's not forget his expression if lyrical dexterity, comparing us to Pamela Anderson?? What a clown - the only thing we have in common with PA is we've both done pantomime very recently.

MOT ladies/gents but march with caution!

Hammersfan said...

Very witty 0625!

Anton #LUFC said...

Confidentiality agreements are required with business deals of this magnitude. The only reason people like yourself are recycling the same old stories or even trying to make a story is because this deal is taking longer than the fans (including you) would like. It'll be done when it's done.

Anonymous said...

Cock .

Anonymous said...

LOL Hammersfan, there's a difference between showing an 'interest' in this takeover and waiting desperately for it to fall through scrutinising every piece of data available so you can upset a handfull of Yorkshireman though, surely?

Hammersfan said...

Watch it Anton or I'll ask John Terry to leave a message on your answer phone!

Rob Atkinson said...

This was a better article. I'd like to think you've listen to comments from a man who's far wiser than he is handsome ;-)

Anton #LUFC said...

Watch it yourself... or I'll ask Paddy Kenny to leave one on yours.

the headmaster said...

I see the game goes on, HF. It probably isn't even half time yet. They're still playing, then? (Rhetorical)
Look in most days, mate.
Keep on playing. Still enjoying it. Won't be leaving early.