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Luck
is when
preparation
meets
opportunity
Agenda
1.Introduction
2.Financial status of Leeds United
3.Our Plans
4.What does Sniffer think?
5.Breakout into smaller groups
6.How to implement our plans
So what happened?
As Leeds fans what choice did we have?
To see the problem and walk away?
Or Keep Fighting?
I agreed to lead it for 4 weeks and see what we
could achieve
Why me?
Pledges
We asked the first 50 people who
signed up to this meeting what they
would be prepared to pledge.
250,000
Our View
To give fans a voice we need to bring
a stack of chips to the poker table.
FC United raised 3m so what
would Leeds United raise?
Target 10m, but we will have impact
with as little as 5m
Financial Status
2011
2012
Turnover m
25
Admin Costs m
Interest m
Profit after tax
(22.5)
2013
32
26
0
2014
31
29
0.1
3.5
0.3
29
35
37
1.2
2.1
(9.6)
Financial Status
2011
2012
Wage/Turnover %
Transfers Net +/- 0
2013
2014
51
57
3.7
70
3.9
0.4
89*
Financial Status
2010
2011
2012
2013
2014
Debt m
42
16
21
32
Financial Status
This club doesnt have a financial issue
if properly managed.
We need to be rid of owner imposed
debt
Financial Fair Play should help us.
-7m
Variables
League 1 or EPL
Debt for equity
Forced sale
Related issues
Administration
Our Plans
Rejected Ideas
Our Plans
Proposed Solution
Form a Limited Liability Partnership
(LLP)
Create 100,000 stakes of 100 =
10m
Maximum purchase 1000 stakes at
100,000
Supporter Organisations max 5000
stakes at 500,000
This is broad based but raises
significant sums of money
Total = 7.5m
VIDEO 2
Allan Clarke
Breakout Groups
Don Revie (pre-1975) Ashley Tabony
Doldrums (1976 87)
Robert Endeacott
Mark
Danny Jowett
Online
Petter-Andre
Next Steps
Form a 7 person Exec to implement
plans
Recruit a shadow network of helpers
and advisers.
Immediate tasks
Approach potential sellers
Meet with fellow rich Leeds Fan funders
Create LLP
Begin Mass Membership Drive
GFH Dossier
Reasons GFH may want to sell LUFC
1. Share Price Decline
2. Reputational Damage
1. Iranian Money Allegations
2. Use of Client Funds Allegations
3. David Haigh Embarrassment
3. Shareholder Revolt
4. Reputational Damage to Bahraini Royal
Family
GFH Dossier
Reputation risk is the risk that
negative perception regarding the
Banks business practices or internal
controls, whether true or not, will
cause a decline in the Banks investor
base, lead to costly litigation that
could have an adverse impact on
liquidity or capital of the Bank. Being
an Islamic Investment Bank, reputation
is an important asset
Keep Fighting!
Video
[Insert same 10 minutes start video]