Quote (kbk @ 7 Jun 2016 03:14)
Club is worth over 3 Billion, only behind Barcelona and Real Madrid. That counts for a lot
They could be 1 Billion in debt, probably still wouldn't slow them down from spending.
The issue is spending on crap players who end up flopping hard
The issue is if they don't start performing it becomes "was worth"
And very arguable to price it that high.
Quote
Under chairman Peter Ridsdale, Leeds had taken out large loans against the prospect of the share of the TV rights and sponsorship revenues from UEFA Champions League qualification and subsequent progress in the competition. However, Leeds narrowly failed to qualify for the Champions League in two successive seasons, and as a consequence did not receive enough income to repay the loans. The first indication that the club was in financial trouble was the sale of Rio Ferdinand to Manchester United for approximately £30 million.