• Leeds United Message Board

  • Kellogg’s Bran Flakes “tasty, tasty, very, very tasty” ad jingle from the 1980s could well be the theme tune for GFH/Bates’ ‘takeover’ of Leeds United – except, instead of ‘tasty’ read ‘dodgy’.
    Only Ken Bates could sell Leeds to a buyer with financial dealings as shady as his own. Like Bates, Gulf Finance House (GFH) has a reputation for getting away with profiteering by bending rules – see Reuters article: http://uk.reuters.com/article/2013/03/19/uk-soccer-leeds-idUKBRE92I13I20130319
    In its recent accounts, GFH booked a goodwill gain of $10.369 million on the [Leeds] deal, and said "the bargain purchase was due to pressure on the sellers to exit their holdings due to change in their business plans". What change in their [Bates’] business plans? The truth about this could be very tasty.
    The chances of truth emerging from Leeds United are as unlikely as light escaping from a black hole. Another way of putting it is that Bran Flakes are manufactured to produce shyte!

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