>>The 'About what ??????' then was the saving of Leeds United by  the fans and
before everyone screams can't be done, couldn't be done, blah  di blah blah
with a club our size, then one has to look no further than  Leicester City
for proof that it can and has been done before or Krasner  and co themselves
who didn't have a pot to p*ss in either and were all  'allegedly' fans.<<
 
The difference with Leicester is the club went into receivership, thus  
wiping out its debts, and with no points penalty. The situation was so bad at  
Leeds that liquidation, not just receivership was likely.

>>There's no Walter Mitty scenario at all, both Steve and Rick,  amongst
others, did have regular conversations with a variety of rich and  powerful
Leeds United fans - though how big a fan any of them were is  reflected by
their absence in the rescue of the  club.<<
 
I don't believe anybody (rich "fans" etc) would have been prepared to get  
involved with a club that owed so much money in "football debts" - ie money 
that 
 has to be paid. Any investment would have simply gone to the bank accounts 
of  Duberry, Johnson, Fowler, Mills etc. 
 
The comments about "stages" of recovery that both Steve and Rick make are  
correct. The turnaround was always going to take time - basically the time it  
took to work through the old Ridsdale-era debts. People will start looking at 
us  again after the end of the season...
 
The only reason people are now starting to panic is that we're teetering on  
the brink of a second relegation, which never looked likely in the first two  
seasons post-relegation.
 
I don't believe a fans takeover would have worked two years ago. It might  
work in 18 months' time. But Bates' strategy deserves time to work through  IMO.
 
Mark

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