This is in addition to the settlement costs already incurred to get unwanted players out of the club.

This is a heavy burden to carry over and above the wage bill for the current playing staff. This is something fans should remember. Transfer fees are only part of the picture. In addition to wages, there are signing-on fees, appearance monies and bonuses, NH IC, agents' fees and five per cent as Football League levies. Remember: even if a player is a stinker, he still has to be paid. Furthermore, if a player has a long-term injury, he is still on full pay (and so he should be), plus all the medical costs incurred to get him back to fitness (you can hardly send him down to the local hospital ASE). Summing up, there is a lot that goes on, and is going on behind the scenes, which unfortunately cannot be put in the public arena. However, rest assured that having spent the last seven and a half years clawing the club back from the abyss, I am determined that when I move on my legacy will be that the club is in safe hands and will take Leeds United to the next level. Meanwhile the club will continue to be run along proper lines, despite the clamour of the small minority. There are "none as deaf as those that won't hear" that this has to be the case. We have a Premier League ground - which is the envy of many - and a determined manager with a dedicated squad of players. Onwards and upwards! Questions that are to be asked and satisfactory answers to be received from any would be investor are as follows, which has been the club's consistent stance through my chairmanship. A Proof of Funds? (ie: Have they got the money?) B Who are they? (ie: Who owns the negotiating company?) C Fit and Proper Persons? (ie: Who are the proposed Directors and will they pass the Owners and Director's Test with the Football League and FA?) D What is the proposed method of running the club? (ie: State your business plan?) E What is your reason for wanting to invest in the club? (ie: Show us your motives for investing?) As you read these notes, you will know that the story in The Sun on Thursday was clearly untrue. I am surprised that they did not check the story before printing it, but then again even if they did, we could not have commented. Again we have had to wait for time to pass to prove it wrong!

Proud supporters

of Leeds United
CERAMICA

E X: 1 M PLIMITED
53 Dolly Lane, Leeds, LS9 7TU Telephone:- 0113 2481255
Email:- info@ceramicaimpex.co.uk :05