The man accredited with resurrecting Australian football may well be heading to Elland Road to work his magic on League One’s finest.

Never again?

The story – which came to light yesterday – reveals that Frank Lowy has had his people carry out due diligence work on Leeds United FC with a view to a complete takeover of the club. With a personal fortune estimated to be in the region of six billion dollars he’s most certainly welcome too!

79-year-old Lowy, who made his fortune as co-founder of the Wesfield Group is currently chairman of Football Federation Australia and also influential in the countries bid to host the World Cup. It’s been suggested that his interest in Leeds United may have risen from the history of Australian players that have played for the club and that he may wish to use LUFC as a base to develop the countries players further.

Since Lowy has yet to comment on the claims, you can’t get too carried away, but since serious businessmen generally conduct their affairs behind closed doors, speculation is pretty much all we have to go on. The Australian press are citing a close source and a due-diligence survey conducted on Lowy’s behalf as their proof and I’m tempted to believe them since I suspect either Lowy or Leeds United would have dismissed the speculation otherwise.

As with every billionaire, Lowy does have a few skeletons in his closet, but these shouldn’t deter Leeds United fans too much. The fact of the matter is, that every successful and rich person will face their fair share of court cases and his personal list is nothing compared to Kenneth’s.

Time to cross our fingers (and toes) I guess and hope a deal actually goes through. Clearly, FSF and Ken Bates don’t have the funds to restore the good times at Elland Road and their secretive structure remains a major concern. After so many years of pain, I think we’re more than deserving of a little joy!

  • simcol68

    god i so hope its true but its leeds utd we are on about here and we never have any good fortune + once this fella has tryed to find out who actualy owns the ground and thorpe arch and runs into a brick wall ,he will look elsewhere to invest his wealth ….

  • Henry V

    Nah!!
    Seen it all before!
    I dare not hope!!

    Henry.

  • rory

    this guy single handedly saved aussie football, would stroll through a fit and proper owners test and personally to any aussie football fan like myself, he is god, please take over leeds franky!!!

    • timm

      numerous court cases, a son who looks dodgy too, a team which could include Aussies just because they’re Aussies. No thanks. We want a Randy Lerner here. A super rich bloke who leaves the manager alone but who’s also a fan. Lowy looks every bit as dodgy as Bates.

      • Duncan

        I’m more worried about his age; he could peg it any moment…

  • TheReaper08

    Any genuine investment welcomed. Be warned though, as TSS links to above this guy is/has been investigated for offshore banking/investments (sound familiar).

    In the Aussie press it suggests he may wish to use Leeds to promote Aussie footballing interests which may not necessarily mean the best interests of Leeds are always at the forefront of his considerations. He is also a strict investment business man so don’t expect to be flooded with millions, his reasoning for investment is that simply that we are an attractive position financially, not through any undying love for Leeds United.

    Either way he wouldn’t be interested if our current operational balance sheet didn’t look so good, for that we have to give some credit to the current owners.

  • If he’s thinking of buying in to an English club then he probably has his team conducting due diligence on several possible targets. It would be unrealistic to think that he would be looking at just one fallen giant when he has no ties to the city or the club.

    Leeds’ biggest draws are it’s fan base and brand. The fact it is a single club city helps but the club owns no bricks/mortar and has one of the dodgiest chairman in British football. If I had 6 billion I wouldn’t give Bates the time of day, never mind do business with him. Hey, even if I only had 6 bob, I wouldn’t give Bates the time of day…..

    • TheReaper08

      We shouldn’t get too hung up on the ownership of ground or training ground. As in the USA it will become more common in the next few years to not own the ground.

      If you look at this strictly from a business balance sheet persepective most companies don’t own the buildings from which they operate. They are a dead weight on the balance sheet that you can’t shift and can actually count against you when valueing a business.

  • May all depend on us winning promotion!!

  • Hotshotlorimer

    Well as long as he uses us as a play thing a la Abramovich I won’t complain too much – at least in the short term. What I’d be afraid of is what ‘leverage’ he might load onto the club awith the Glazers and the Liverpool guys and then he either buggers off or just pops his clogs. He’s (slightly) older than Smurf afeter all. Would we be protected in this case?

    • TSS

      He has two sons that are heavily involved with his business dealings so I assume they’re being lined up to takeover when he dies.

    • timm

      His son runs the show.

  • Tiny Currie’s Curler

    Regarding not owning the ground or Thorpe Arch? I don’t care what Bates say’s He does ‘sorry’ some off shore investment company owns both. Building a hotel and talking about improvements suggests to me that that is the case. Why consider all these things otherwise – For some other investor? Don’t think so. He’s just paying himself the rent for both. SMOKE SCREEN BATES!

    Also, even if the rumours were true, and it’s possible they are. Why would Bates sell up? So far he’s made Millions without much investment at all. He doesn’t invest in the team, which has got and kept us in the third tier, even though we pay premiership prices for our tickets. We are a Big Cow and Bate’s is milking us for a great deal of money. Fabian Delph was sold we thought OK, at least we can get Thorpe Arch Back. Yet when it came to buying he went cap in hand to the council, who rightly smelt a rat!

    Where has all the money gone that was made this season alone? couldn’t even compete for Lee Bernard who went for £300,000!

    Instead we got more unfit loan signings and a pensioner who was never that good in the first place!

    People wanting to buy Leeds would have to look at the books and that’s one thing that Bates will be most afraid of. And shoot them down before they get the chance.

    • TheReaper08

      Not sure just how many times I have to say this but we competed all the way for Barnard and our bid was accepted along with that of the Saints. Barnard chose to stay in the South with his family.

      • timm

        Yeah’ me too Reaper! Of course if he had come, a good majority of the ‘fans’ would’ve bemoaned our lack of ambition in signing a striker from a L1 team battling relegation!

        • Craig

          Just like we knock Premiership castoffs!

        • TheReaper08

          I have a few members of my family involved in proffesional football and I knew the Barnard thing was a non starter, this was before we had even been acknowledged as submitting a bid.

          We could have bid £1 million and he still wouldn’t have come.

    • timm

      We could compete for Lee Barnard, but as sometimes happens he chose to stay in the south purely for family reasons. In my book, if the lad doesn’t say yes straight away we don’t want him anyway. We certainly competed for Mcsheffrey though didn’t we? He’s paid 4 times what Barnard is & our chairman backed Grayson on that one. Nice one Grayson!

      • Tony Currie’s Curler

        I was making the point that that was the limit to our ambition in the transfer market. Their was comments from Hooper that he’d have come to Leeds but a bid wasn’t even placed for a good Championship scorer.

        I’m not a fool who thinks that were not a League 1 side. But at least we should be competing with Southampton, Norwich and the lower end of the Championship for players. Not relying on Loanees who know if they play shit they’ll be off anyway! McSheffery is a good player but he came to us not match fit and getting an injury in training proves he wasn’t fit at all! I’m talking about ambition at the level we’re at.

        • Tony Currie’s Curler

          In any case the Bernard thing was a tiny bit of my rant and the most irrelevant part too!

          • TheReaper08

            It wasn’t really was it because it’s the only live example that people can use. There are no other examples of us losing out on a player and no proof that the chairman hasn’t backed the manager on every player he wants.

            All that ever comes up is the ‘Lee Barnard incident’.

        • timm

          It’s not Bates fault if Mcsheffrey’s not fit. Grayson picks his targets & Bates just backs him. I must admit i never saw the comment from Hooper re being willing to sign for Leeds? But then again i never saw him being linked with any other teams either. I don’t think it’s a question of ‘competing’ with teams for players, the only player we’ve physically competed for & not got is Barnard & that wasn’t down to our lack of ambition. Im only interested in what’s real & what’s real is that we have the biggest wage bill in L1. I’ll say again, Anthony Kay is on £79,000 a year at Huddersfield & he’d walk straight into our team, Andy Robinson is on £520,000 a year & where is he? That’s not lack of ambition. Why does Grayson consistently bring in players who play for teams in a higher league but can’t get a kick? Mcsheffrey, Lowry, Collins, Capaldi, Gradel, Kisnorbo, Ephraim, Watt & probably a few more too? I’ll give him Paddy & Max but that’s all. Beckford came from Wealdstone, Swindon got Charlie Austin from Poole Town, Norwich got Holt from Shrewsbury. Maybe we should be looking at our scouting system? The majority of players lighting up L1 are players on low wages who are on their way up in the game. Maybe it’s time we started showing a bit less ‘ambition’ & a bit more vision?

          • TheReaper08

            Absolutely spot on, the only club splashing any sort of cash is Southampton, the rest of us live within our means.

  • Tony Currie’s Curler

    Top one should have been Tony not Tiny!

    Sorry Mr. Currie.

    • Craig

      On the other hand Tony wasn’t the tallest striker we’ve ever had!?!

  • Dje

    The advantage Leeds might have over other clubs that Lowy is doing due-diligence on is that Elland Road is surrounded by all that land waiting to get developed. If you look at his multinational company, Westfield, their commercial operations are invariably connected to big shopping malls and the like. Anyone living in Bradford and is wondering why there is still a big hole in your city centre should ask Lowy, he made it.

    Personally I am not sure which is more depressing to think of: yet another retail shopping park or Bates’ Travelodge slapped on the side of the East Stand with a ‘super-casino’ operating in a side-room just off the foyer; but ultimately you can see why Lowy could use Leeds for multiple purposes. If the Aussie Academy never came to fruition with Leeds then at least he could make a tidy sum by building Meadowhall II at the foot of Beeston (and possibly ship Elland Road out to the M621 to make space too).

    I guess now that Bates has got planning permission for his shitty hotel dream then the price he’d get for Leeds would go up regardless of whether or not it was already or ever built. What with his age and the time it takes to build and make a return on the hotel, Bates might opt to sell his chairmanship and cash-in at the halfway stage.

    The question I can’t resolve is whether Leeds going up this season or not going up this season would make Leeds more desirable for Lowy. If we went up then we are only a season of a fistful of cash away from the Premiership, where he could showcase the wonders of Australian footballer talents on the big stage. Alternatively another season in League One would make Leeds considerably cheaper to buy as a football venture (but the same price, presumably, as development venture) – yet is it A League Too Far?

  • Raph

    I really hope its true. When i saw this tss, i straight away thought of your April 1st post! Wasn’t sure what to expect but seen the australian wright ups now, so im with you fingers and toes crossed :)

    • TSS

      Yeah, I thought of the April Fools thing straight away when I started writing and wondered if people would assume it was a piss take again.

  • Mark R

    Whenever / whoever takes over Leeds – I hope their focus is on the fan experience > better value for money . Also the club focus even more on youth development to bring our own home grown players through .

    If you can get hold of a copy of today’s Observer there’s a good article on how German Football & their clubs are run .

    See online at : http://www.guardian.co.uk/football/blog/2010/apr/11/bundesliga-premier-league

    Fans pay a fraction of Premier League prices to watch the Bundesliga , they have a healthy crop of home grown German footballers coming through the ranks , and their Bundesliga attendances are around 41K average – several thousand higher than Premier League.

    And with their football model once again Zee Germans will be a hard nut to crack in this summer’s World Cup.

    Mark

    • Craig

      What accent would home-grown Australian players speak with?

    • Colin

      Typical Germans

  • Terry

    I’ll just add that his ‘estimated 6 billion dollars’ came from an aussie site, So i would assume thats 6 billion australian, which is closer to 3.5 billion GBP. While still a huge sum of money, I don’t think he would be quite as willing as others to invest a half a billion in players, wages and facilities when there would be little realistic hope of gaining that back within 5-10 years

    • Craig

      Surely there would be a realistic chance of getting a return in 5-10 years. We’re a one-city club with debts written off, a huge fanbase and an unbelievable operating profit at this level. Add to that the fact we are on an ‘up’ in our playing fortunes – even if we miss out on promotion this year we have a squad of promising players at the right end of their careers, most of whom seem to want to play for us.

      I’d say it was a good punt given that a team that are already in the high echelons would cost a great deal more.

      • Craig

        I meant a ‘one-club city’ of course!

      • Terry

        While we have debts written off from the Ridsdale era, we currently have little in the way of assets, with both the training ground, and stadium being owned by the council. I just wonder how much off his fortune he would be willing to gamble for a ‘potential’ return, as opposed to the ‘guaranteed’ one he might get elsewhere (outside of football I mean) Obviously I welcome any investor that has more than the £3 million FSF has blessed us with, perhaps I am just wary of potential good news money-wise after the past 10 years…

      • timm

        When you put it like that Craig it all sounds pretty rosey doesn’t it? & all we get is fans squaring up to each other,our top goalscorer getting booed by his home fans & numerous websites trying to organise protests against the chairman because of the dreadful state we’re in! Imagine if we were £700 million in debt, knocked out of the FA cup by some ‘minnows’ from L1 & owned by a family of of yanks who were pocketing all the profits? Our terraces would be covered in blood by now!

        • Craig

          …:)…

  • Hotshotlorimer

    I guess you were joking, Craig. Tony Currie was not the tallest, shortest, thinnest or fattest striker we ever had. He wasn’t a striker but a brilliant take-the-piss midfielder. Tony Currie does Allan Ball – ha ha. And Mike Pejic (I think) ha ha. And then there was the beautiful curler, which might be the one you’re remembering.

    • Craig

      I was, indeed, joking – play on the change from ‘Tiny’ to ‘Tony’. I take your point on the ‘striker’ misidentification though and this was most definitely due to that curler of a shot being permanently etched into my brain. There have probably been other similar goals scored since but the positioning of the camera displayed that goal in all its glory and I can’t think of a better one scored by a player in a Leeds shirt.

      • Tony Curie’s Curler

        Agreed!!! I was in the cop in the perfect position to see the ball curl round… It took my breath away! And from that point on Tony Currie’s goal will always be the best!

        Him and Flynn in midfield were brilliant!

  • Colin

    Don’t want to be cynical, but if you were an investor looking to buy an English team, why would you buy Leeds over Newcastle. They’re back in the Prem, their chairman wants to sell so you could probably buy it for £100m, with no debt, they own the assets, have a larger fan base than Leeds and invest £50m in players and they’ll stay in the Premier League. Then you can push on, invest further and fight for the title.

    Alternatively you could buy Leeds. Why would any investor want to but Leeds? I’ll tell you why – because FSF have a financial model that generates profit for its owners, irrespective of what league they’re in. You could take over, keep the same business model and guess what – you could screw the fans over even more and make more money!! And you could invest some of the profit on making more profit not just by building a hotel but why not build a casino and more shops. Hey, why not build a theme park? Lowyland Leeds has a certain ring to it don’t you think?

    Basically, if you want to buy a team to win the Prem, buy Newcastle.
    If you want to buy a team that will make you profit, buy Leeds.

    The only reason any investor would be interested in Leeds is if they think they could make more profit out of it than the current owners. And that would probably mean even more financial pain for the fans.

  • Colin

    Why is my post being moderated? I didn’t put any swear words in it. Are we being watched??

    :(

    • Dje

      Mine too, but I did swear. Is it too late to retract it?

    • Dje

      Watched? Only by Bates.

      • Colin

        tried to repost original comment with a few amendments made, but still no joy.

        • Dje

          I’d take it personally then!

        • TSS

          It isn’t being moderated but askimet blocked it for some reason. Without exaggeration, TSS gets hit with about 600 spam comments per day from the annoying bots crawling the net advertising porn and pills but askimet filters them out. Occasionally, it’ll produce a false positive and I’ll have to OK it but it’s very rare. I’ve sorted it anyway.

          • Dje

            Being a porn bot sounds like a refreshing career-change;
            I’ll take it.

  • Colin

    Tried to re-post:

    Don’t want to be cynical, but if you were an investor looking to buy an English team, why would you buy Leeds over Newcastle. They’re back in the Prem, their chairman wants to sell so you could probably buy it for £100m, with no debt, they own the assets, have a larger fan base than Leeds and invest £50m in players and they’ll stay in the Premier League. Then you can push on, invest further and fight for the title.

    Alternatively you could buy Leeds. Why would any investor want to but Leeds? I’ll tell you why – because FSF have a financial model that generates profit for its owners, irrespective of what league they’re in. You could take over, keep the same business model and guess what – you could make even more and make more money!! And you could invest some of the profit on making more profit not just by building a hotel but why not build a casino and more shops. Hey, why not build a theme park? Lowyland Leeds has a certain ring to it don’t you think?

    Basically, if you want to buy a team to win the Prem, buy Newcastle.
    If you want to buy a team that will make you profit, buy Leeds.

    The only reason any investor would be interested in Leeds is if they think they could make more profit out of it than the current owners. And that would probably mean even more financial pain for the fans.

    • Dje

      I agree that Newcastle would make a more sensible choice than Leeds. Although if Newcastle would cost £100-150m (and need major investment in the team) and Barclays Capital is now looking for a suitor for Liverpool for about £250-300m, I know which one I’d make a move for.

      After looking at Lowy’s life and ambitions, I have to say that he sounds a different kind of billionaire than the frail-ego Mike Ashleys of this world, or the “soccer”-ponzi shamrollers who bought Liverpool and ManUtd and leveraged them over the cliff edge in the process. Men-With-Missions such as Abramovich and (hopefully) Lowy have other objectives beyond profit. Although I’m sure they wouldn’t be too disappointed that Leeds Utd is good little earner.

      Ultimately I think it would boil down to which league we end up in by summertime. Two divisions below the Premiership might just take us off the radar.

  • jp

    I for 1 hope it is true, Bates has done a good job to a certain extent in that we still are a football league team and this was rather uncertain a few years back, but do i like the man? NO! But as a business man? YES you have to admire the man, he know s what he wants and makes a profit at it, however that is where its ends as a LUFC supporter as my love for the club exceeds any admiration for any1 man, and his tight fistedness is hampering us getting back to where we belong.
    lowry is the same type of man but with more money a lot more money if he can finance us back to the premier league then great bring him on buy the assets back and even better! TA an ER wont break the bank esp with some1 with finacial clout!

    i have also heard on the grape vine that the council is considering a new ground for the world cup if England should win the bid. the deal would be similar to man city deal fro the city of Scumchetser stadium

  • Lowy = astute, methodical, progressive, massively successful. Coach – Pim Verbeek as he wants club level again. If this occurs we will be back where we belong before you know it.

  • Dazzler17

    Some advice for the armchair auditors out there. Frank Lowy’s success has not been attributed to throwing around cash in the hope some of it sticks to a money making venture. Everything this guy does is carefully measured and considered. He is a businessman of high regard both locally in Australia and abroad. He counts senior FIFA execs as friends, and applies the same financial prudence to investments outside of Westfield as he does with his shopping centre business. He will NOT be the type of Chairman, should he take on Leeds, who will invest millions in an effort to satisfy what fans think is a solution. There will be a shrewd financial rule run over the club, tough decisions made, and a wake up call on how things are done. This bloke is very, very smart, and what was mentioned earlier about the suitability of Elland Rd for major retail development is probably true, he has an eye for the deal. A brilliant bloke to have on board the Leeds train, but as a saviour? No Abramovich behaviour from him should be expected. He will not bow to fans, and he has the resolve to get what he wants. He transformed Sydney FC when they were at they’re lowest ebb, but don’t expect a magic wand to transform Leeds, Lowy will build his investment in a careful and patient manner.

    • timm

      Well he won’t be able to be too patient if he wants to see the end result. He makes Bates look like a spring chicken!The allegations & court cases are very worrying, as is the way he undertakes a project such as Bradford city centre & then walks a way & leaves an almighty eyesore for the residents of that city to look at every day. Obviously a guy that doesn’t give a toss about who he pisses off from the comfort of his office 12000 miles away. Thanks but no thanks! Someone more suitable than him will be along before too long but in the meantime it’s better the devil you know for me.

      • TSS

        Sorry Timm, but your comments are ridiculous mate and stem solely from all the failed hope us Leeds fans have been served over the years. EVERY successful businessman is ruthless and whatever caused the walk away in Bradford was probably a case of getting out before it has an adverse affect on the companies bottom line. That’s just good business sense. You should also note this happened during a recession where building projects around the country were abandoned, not least in Leeds itself. In Bradford, he was acting in the interests of the company he represents. Not his own personal interests such as Australian Football.

        The fact of the matter is that there will never be an ideal person that fits all the criteria Leeds fans are looking for, because such people don’t exist. What Frank Lowy has done for Australian football is nothing short of miraculous and if he can do similar at Elland Road he’s very much welcome. Bates is an egotistical maniac that cares about nobody bar himself. I respect his success, but it’s success that’s come at a cost to the people he’s encountered during his entire life. The sooner he’s gone the better and I can think of no one better than a successful, driven and wealthy man such as Lowy to replace him.

        • TheReaper08

          You really believe that TSS ? Last I heard the club Fowler plays for were waiting to make a decision on his return as a) they didn’t know if they would be able to afford him and b) they didn’t know if they were actually going to exist next season.

          This wonders for Aussie football thing is a little bit of a myth.

          I agree with you on the business men making ruthless decisions front but then we all spend our time moaning about Bates for doing exactly that !

          • TSS

            No, we (or at least I) moan about Bates for the endless lies he’s told us and the lack of transparency his regime has brought with it.

            I know people who live in Aus and have spoke to them about his work with Aussie Football and they unanimously agree he’s done great things there. I don’t think anyone (bar Bates) buys a football club expecting to make a fortune. There’s much easier ways to make money than football and he knows that.

            I appreciate why our fans are so sceptical of any interest in Leeds United, but I think this guy simply has a love for the game and wants to do things in it. Hence his involvement in Aus football and FIFA.

  • timm

    ‘I respect his success but it’s success that’s come at the cost to the people he’s encountered during his entire life’. Which one of them are you talking about there TSS? Because that sounds an awful lot like it could be either of them? & no he didn’t leave that hole in the ground because of the recession, he left it there long long long long before any sign of a recession., in fact he walked away in the midst of a very strong thriving economy, in fact i seem to remember stories of him getting started & then going to Bradford council & saying he wanted to change the terms of the deal & asked them to throw quite a few million at it! (remind you of anyone?) I know you want anybody but Bates TSS but let’s not just all hail the first bloke that comes along with a fat wallet. ‘What Frank Lowy has done for Australian football is nothing short of miraculous’. Well if you call Sydneys huge coup of pinching that hot young prospect Robbie Fowler away from North Queensland fury after the latters financial collapse miraculous mate then that’s up to you!So will it be ok with you if he buys us & then dumps us before our losses ‘have an adverse affect on his companies bottom line’? Regarding him being held in high esteem with the Aussie footballing bosses, so what! Aussie football is crap & full of has-beens from other leagues who are trying to make a last payday, Bates was held in very high esteem by the English FA, that’s the organisation which runs football in one of the top footballing nations in the world. So there you are TSS, i’ve done my best to justify my ‘ridiculous’ comments. Oh & one more thing,’he was acting in the interests of the company he represents, not his own personal interests’.Well, as he actually owns the company he represents i think i’d tend to disagree with you on that one too.

    • TheReaper08

      There not ridiculous comments timm, more well researched I would say.

    • TSS

      The company he founded is a public company, meaning he now represents a lot more than himself. He represents the shareholders.

      The difference between Bates and Lowy (aside from false promises, blatant lies and people skills) is that Lowy has the means to invest in this club and take it back to where it belongs. If he makes some money once we’re in the Prem, so what? Why shouldn’t he? Bates and FSF have invested nothing (as the accounts prove) bar £5m to pay off the debts which is being repayed to them by the club. Lowy is a massively successful man who refuses to tolerate failure and you DON’T want him at the club as a replacement for the megalomaniac owner who is taking us nowhere?

      • TheReaper08

        I think they both have the means but the question is does Lowy have the will ?

        I think the point that timm is trying to make is it is still a gamble, you can change the owners as many times as you like but unless the person or persons operate as rich benefactors there is no guarantee of any change.

        • TSS

          But we know as matter of fact that Ken Bates and FSF aren’t going to invest anything. Lowy will do whatever it takes to be successful, which in footballing terms means getting back to the Prem. He’ll put the funds up for that and reap the rewards once we get there.

          • TheReaper08

            No we don’t know that, what we know is that Bates et al are not willing to invest anything into transfer fee’s whilst we are a league 1 club. The rest is purely specualtive as we have all been given the impression there would be money to spend if we get to the CCC (will we ever find out).

            I always try to balance my debates which is why you will often find me with splinters in my behind, trust me on this though no one would be happier than me if this is genuine interest and this guy had the clubs best interests at heart. That said right now I am not going to fall head over heals for the first guy that turns up.

          • TSS

            Bates has said a lot of things, most of which have turned out to be lies as history shows which is why I find it unbelievable that fans still listen to what he says. The only investment anyone has made in Leeds in all the years this shambles of an ownership have been in place is the £5m we owe them (which the accounts show). Why do people think that’s going to change if we go up?

            Leeds can’t compete at the next level without investment because of the parachute payments and the fact there is some good, well-established CCC teams with better backing. Bates and FSF have given me no reason to believe they’ll ever provide us with it.

      • timm

        It’s still the company he founded & the company that he only entrusts his sons to run. You refer to the difference between Bates & Lowy,I think the only difference is that you know Bates & you don’t know anything about Lowy.

        • TSS

          Lowy’s life is as publically available as Bates’. The difference is that Bates’ life has been a trail of pissed off people and dodgy dealings. Bates’ success has often come at the expense of other people (look into his Irish bank) whilst Lowy’s success has been beneficial for everyone he’s been involved with.

          • TSS

            PS. I understand the counter-argument is the Bradford thing and some offshore banking enquiries. The latter is the norm for every million/billionaire whilst the former protected his business. Neither would make the top ten list of Bates discrepancies.

          • TheReaper08

            Beneficial for everyone he has been involved with, come on now you surely don’t believe that do you TSS ?

            You can’t be a ruthless business man (your words not mine) and bang a few heads. It has already shown that he has a few skeletons in his offshore closet,I don’t reckon it would be too hard to find a few people who are less than happy with his dealings.

          • TSS

            For everyone involved in his companies I meant (with Leeds United potentially being one of them). Of course there’ll be toes he’s trod on, but that’s hardly surprising. The fact remains, everything he’s involved with has been successful. Not a bad man to have around.

          • timm

            ‘The fact remains everything he’s been involved with has been successful’. Have you walked through Bradford city centre in the last few years TSS? If that’s a success i’d hate to see one of his failures! & you wouldn’t be saying Aussie football’s a success either if you were a North Queensland Fury supporter!By posting the link to the Irish Bank story you’re falling into the trap of making this about Bates v Lowy. I don’t want either of them! I love my club just as im certain you do & what’s been done to us over the last 10 years is more than most fans could take & it’s my opinion that we deserve better. Dazzler17 put up a good well informed post earlier & he noted that Lowy is a man that runs a tight ship & won’t invest heavily & there’ll be a ‘shrewd financial rule run over the club & tough decisions made’. Well that’s where we are now & it’s shit! We deserve a Randy Lerner or a Steve Gibson. I don’t want any agendas such as a certain qouta of aussies in the squad or Aussies starting the game because it’s on tv over there. I want lads bought because they can do a job by an owner who wants trophys more than he wants a return on his investment. & i think it’s no more than us fans deserve.

        • TSS
  • Timmmyyy, “Aussie football is crap & full of has-beens from other leagues who are trying to make a last payday” – would suggest you watch a few replays of Oz soccer this last season buddy. Oh, and BTW Leeds has a massive supporter base in ANZ. Also, it is not luck that got both countries to the world cup finals!

    • Dje

      I did wonder about the fan support for Leeds in Australia. It’s good to hear that we are still big, as the cynic in me thought it might have demised after Kewell and Viduka left – oh, and after we utterly imploded.

      I remember being told that Liverpool are big down there and I guess Man Utd will naturally be too, but what about clubs like Newcastle, are they followed much?

    • TheReaper08

      Your right Mark it wasn’t luck, Australia engineered a move to a totally different continet to qualify playing amongst others the might of Qatar & Iraq. New Zealand on the other hand appeared to have a much harder task playing the likes of Vanuata (???), Fiji, and New Caledonia eventually qualifying through a play off against Bahrain.

      I watch a bit of the MLS from time to time which is entertaining but doesn’t make it good football, a bit like the womens premier league really.

      • TSS

        Sexist :p

      • TSS

        PS. …and where does League One rank on your footballing scale of quality? It fails to register on mine most of the time.

        • TheReaper08

          Depends what you are comparing it to. If it’s other football in England then it’s rubbish. Compare it to other leagues in the world and it’s actually not that bad as there is little strength in depth in any other league in world football.

          L1 has been a constant torment to me, largely because I want Leeds to be as succesful as possible and it’s a god foresaken hell hole. However I would like to say that the fans and banter in L1 is very good.

          • TSS

            I know what you mean. I was watching Italian football on ESPN the other week and concluded I’m much happier in League One. What a truly dismal league Serie A has become – I can see why Jose wants out.

    • timm

      No Markyyyyyy, i don’t waste my time watching any of it because it’s shite! I have a very good friend who moveed out to Brisbane a few years ago. He used to play for Middlesborough & West Ham & he says the standard of football is just dreadful & i trust his judgement. As for the farce that was their qualifying group don’t even go there mate, Harrogate town could’ve made it out of that group!& so what if Leeds has a massive fanbase in ANZ? I don’t care! We have a massive fanbase in Ireland too but that doesn’t mean i want Gerry Addams to invest in us! If there football’s so good why do the decent ones all come here? I’ve not heard any rumours linking Gerrard or Rooney to Sydney or Perth have you Mark?

  • mikelufc

    Fifty days before 9/11, Larry Silverstein’s Silverstein Properties and Frank Lowy’s Westfield America secured a 99-year lease on World Trade Center Buildings One, Two, Four and Five. Silverstein already owned Building Seven. The Port Authority of New York and New Jersey handed over control of the World Trade Center to Silverstein and Lowy on July 24, 2001. Lowy leased the shopping concourse area called the Mall at the World Trade
    Center, made up of approximately 427,000 square feet of retail floor space. Silverstein and Westfield America insured the complex for $3.55 billion, but after the attacks of September 11 lodged a claim for $7.1 billion on the premise that each plane collision constituted a separate act of terrorism, doubling the payout. Most people know about “Lucky” Larry Silverstein’s part in 9/11 and his dubious connections to Binyamin Netanyahu et al, but not much has been reported on Lowy, so let’s have a look.

    Frank Lowy is a Hungarian Jew who arrived in Palestine in 1945 to fight with the Haganah in the Israeli “War of Independence”, later joining Israel’s Golani Brigade which was created in February 1948. In 1952 he moved to Sydney, Australia, where he started building shopping centers, before going on to work in investment banking in London, New York and Los Angeles. He co-founded the Westfield Group, which he still chairs. According to Wikipedia, “Westfield currently has interests in total assets worth A$41 billion, representing 121 shopping centres in four countries with over 10 million square meters of retail space. It is the world’s largest retail property group by equity market capitalization”. In California alone, he has overseen Westfield’s regional growth from 6 shopping centers to at least 59. At $3.8 billion, he’s ranked #2 in Forbes.Com’s list of Australia and NZ’s richest individuals – one of three men, all Jewish, who make up Australia’s wealthiest elites – and by the same standard is the 174th richest man in the world.

    • Dje

      Are you pimping out Lowy, Mike?

    • timm

      Wow! It’s all a bit different to Uncle Ken owing a Huddersfield balloon shop 8 grand & only giving them 7p in the pound!

    • TSS

      Well, I’ve seen some conspiracy theories on here over the past year but you can’t seriously be linking him with the attacks on the Twin Towers? These are American’s we’re talking about. Everythings a conspiracy over there, it’s ridiculous. They have websites dedicated to Obama conspiracies for christ sake.

      • Dje

        I think the conspiracy line goes that 9/11 was a Zionist conspiracy that would be blamed on ill-defined ‘Arab terrorists’, and lead to an invasion of numerous Middle Eastern countries. No doubt Armageddon and the Second Coming were planned for further down the line but the American Bible-Belters and the Elders of Zion just couldn’t resolve the correct protocol of what to call the god.

        If it wasn’t so mind-numbingly depressing, as a conspiracy theory it’d be funny.

        • TSS

          There’s something about being cut off from the ocean that makes people in the centre of America insane.

          • timm

            Too right! I went to Memphis & New Orleans once, it was like going to a third world country!

      • Colin

        There’s a conspiracy theory going around that Beckford is a really good player. But we all know that really he is a very very bad person – not only upsetting the dressing room but also not trying very hard which is evident through him only scoring 27 goals this season. He lowers the morale of his team mates by celebrating with them when they score a goal and by slapping the hands of Leeds fans when he scores. But we all know that really Jermaine wants to slap those fans in the face. He could have left to join Newcastle and triple his wages but we all know he stayed at Leeds so that he could pile more misery on the Leeds fans.

        :)

        • TSS

          Haha, well said Colin.

        • timm

          Good one Colin!

      • TheReaper08

        Nobody is saying it’s a 911 conspiracy, what is reported is that they have tried to use each individual event as a reason to bump up the insurance payout, in essence he who has done nothing wrong is trying to fiddle the insurance man, it’s got nothing to do with ‘so called’ conspiracy on who did what to whom.

        On another note having put forward the isnurance fiddle they are not comitting to the new trade centre as it doesn’t make suitable provision for retail. It has absolutely nothing to do with trying to do the insurance, filling your boots and then running for the hills now the world has gone to rack and ruin. But hey ho he is always good to his share holders.

    • Craig

      A genuinely interesting history lesson Mike but what is your point exactly?

  • mikelufc

    “Are you pimping out Lowy, Mike?”

    I think Lowy is a bigger gamble than the shithouse we already have.

    • Colin

      I hate gambles. They remind me of Play Your Cards Right. As Brucey Forsyth once said “Higher, higher, lowy, lowy”

      • timm

        Very good Colin! Let’s just hope tomorrow’s is a ‘good game good game’!

        • Colin

          And that after the game when the commentator’s are describing Beckford’s performance, they say “Didn’t he do well”

          • timm

            & when we have a look at ‘the old scoreboard’ it says 4-0 Leeds!

    • Dje

      I disagree but I concede that like any new ownership there’s a gamble and uncertainty involved.

      I think we have to conclude that there is no ‘natural heir’ out there for us, there is no diehard lifelong Leeds billionaire who will mince in with only Leeds United’s best interests at heart. If there were, then they’d have come and conquered by now. Seriously, could they want a better (ie. cheaper) time to buy us?

      I’m not convinced a misty-eyed billionaire fan is necessarily a good thing either. Admittedly without the capital, Risdale was (apparently) a fan and see where living the dream got him and us.

      I’d prefer someone like Lowy who can only achieve his goal – whether it’s profit, a shopping mall, or the delusion that one day soon an Aussie’ Leeds United player will be named as World Player of the Year and captain his national team to World Cup glory – through getting this club promoted back towards we belong on account of our support base, the Premiership. I find it hard to think why else he would even waste his money to have our books looked over if he wasn’t thinking of genuinely investing in us.

      Would he buy us to asset strip us? No, we don’t have any.

      Would he buy us to compensate for his frail ego (ie like Fat Ashley)? No, we are in League One and have a gallows jinx to make ourselves perpetual laughing stocks.

  • John83

    what is being jewish got to do with anything Mike? Explain, I’m intrigued.

    • Craig

      And watch out for libel – I’d hate TSS to be closed down.

      • Dje

        Blood libel?

        • TSS

          Comments made by the users of this site do not necessarily express the opinions of the sites owner… etc…

    • TheReaper08

      Calm down, it’s a lifted article that merely states fact and is not defamatory about any race or religion. Is this what it has come to that you can’t mention anything about anyone these days.

      • Craig

        I was joking… and Swindon are losing just like I (tongue-in-cheek) predicted earlier today.

        • TheReaper08

          You may well be Craig but there are others that are taking the whole thing about too seriously.

          Good shout on the Swindon game, sat in my front room in Swindon right now watching them lose. A small comfort for all the crap I had to endure from them for our two games, come on Exeter !

          • TheReaper08

            Ah feck…. 1-1.

          • Craig

            Aaaargh… an equaliser! Looks like it was a last gasp effort by Swindon though. How did they play – looking nervy?

          • TheReaper08

            To be fair Swindon battered them, Exeter had one shot and one goal.

            They are learning that when you get up near the top teams don’t want to open up and play you.

          • Craig

            At least our goal average keeps us 3rd. Just need Millwall to slip up now – Go Yeovil!

          • timm

            Still a good result tonight, much better than i expected. Let’s hope that Millwalls long trip to Huddersfield on friday after playing tomorrow proves costly too. Lots of twists & turns to come i think?

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