Will Kenneth spend any money this summer? TSS June 14, 2010 Leeds United 65 Comments Scraping the coppers together? It seems that the biggest concern of the Leeds United faithful this summer is whether or not Simon Grayson has any money to spend. So far, we’ve brought in three new players, all of whom have joined on a free transfer. It’s been said and repeated numerous times across the various Leeds United sites and forums, but free doesn’t necessarily mean the incoming players will be of a poor quality. Patrick Kisnorbo for example came, he saw and he conquered, finishing last season as the Player of the Year. Furthermore, the three signings Leeds have made so far seem to have gone down well with the fans. Kasper Schmeichel almost had a clean sweep of happy Leeds fans, with 96% saying they were happy with his signing in our poll (the other four percent were indifferent). Billy Paynter and Paul Connolly also received a majority verdict of happiness with 73% and 67% of fans respectively, saying they were happy with the signings. However, even with a fanbase happy at the signings so far, we still have grumbles of discontent. Few feel Grayson will be able to find an adequate replacement for Jermaine Beckford unless Kenneth digs deep. Gary Hooper remains a firm favourite amongst the fans, but with a price tag on his head which is reported to be around £2.5m, the fans are questioning our chances. It’s with all the above in mind that I’ve opened the new TSS poll to see whether the fans of Leeds United believe Larry has any money to spend this summer. Do you think Leeds will make the play-offs this season? Yes No View Results Loading ... Matt BB absolutely, just surviving in the chamionship is not sustainable, and ken wants to make money on his investment, although he is rather unwilling to part with transfer fees he knows in his heart of hearts that he will need a goalscorer, and he doesnt have one yet. I suspect he will spend big probably once this summer, and I suppose we will all have to be pleased with that as fans, and stop bothering him. Mark R I think the transfer window doesn’t open until 1st July ? I’m confident we’ll then see investment on more than one player. MOT Tim Campbell The reason might be the transfer window reopening on July 1st. At least I hope this is the reason we haven’t seen any real dosh spent up front so far. My personal view is we will see possibly 2 signings with real ‘up front’ fees paid, one of whom I hope and pray will be Gary Hooper Tim Campbell That makes 2 of us mark (great minds think alike..posted same comment at the same time lol) Mark R Nice one Tim. Lee Put simply if we have any chance of doing well next season we must spend on a striker and a midfield general! If he can top up the squad with quality freebies so be it. A striker is our first priority, watched the season review the other day and it hammered home the importance of replacing Beckford with a proven 20 goal a season man! But don’t rule out the players we already have that seem to perform much better against higher opposition (spurs, man u, Liverpool etc). I assume there are a couple lined up for July alredy. Henry V i think Ken will spend, but it is up to Simon of course. Even Peter Lorimer (Boardmember) says we need a star name signing!! He may know something? It may all have to go on one player but if he is the right one, that will do for me. The better the signings the more season tickets will be sold so it does make economic sense also. Yorkshrman It’s great spending someone else’s money, isn’t it …??! (Even though you might argue that it’s our money, really!) I hope that we are able to land a big signing, as much as a signal of intent as anything else. But I don’t want SG to spend money for the sake of it; it has to be on the “right” player(s) ….. Piet You have to wonder how much Leeds have to spend. Money from the sale of Fabian Delph, 4 bumper cup ties and a higher wedge of TV money in the Championship suggest that some money will be available, probably up to 2 – 2.5 Million. While freebies like Marlon Harewood and Daryl Russell are still up for grabs, I dare say Simon Grayson will wait to see what kind of quality he can bring in on freebies before 1st July before splashing out. Steve L We made over £1m loss before player trading in 08-09 I think? Who knows how we were doing before the Cup run. For all we know that got us out of an almighty hole and isn’t available for transfers. The Delph money is a different story. That’s the problem with a lck of transparency. We just don’t know whether we have a pot to piss in, even allowing for those windfalls. Ian Burrill I think our Kenneth was throwing us a little smoke screen there. There’s no way we REALLY made a loss last year. With the way the club is run the books can be ‘massaged’ to say whatever Ken wants them to say. Matt BB i dont think it means much to be truthful, we might well have had big cash influx last year, but how that affects your overall ability to borrow isnt as straightforward. Investors and banks will be looking at our last set of reports showing a small propfit, and until the next fiscal year is published we will be treated the same way. It would make more sense to be spending that cash on wages and keeping the club afloat over the summer, lets say we earnt £7M from all of that it doesnt go as far as you would think? our tax bills going to be a couple of million quid for last year I’d guess. Colin robert green has been linked with a season long loan to regain some confidence at championship level. Craig Are you serious? After signing Kasper? TheReaper08 Agreed CraIg, no more investment required between the sticks. I quite like Higgs and Kasper is a hot prospect and undoubtedly our new number one. Mark Warburton Reckon Uncle Ken and Larry are pretty savvy….we’ve got the ‘best freebies’ available thus so far and the 1st July is just around the corner. My prediction is that we’ll spend around £3-£3.5m on Hooper and 1 other or on Sharp or Hulse and 2 others. We do need quality to push us onto the next level and both Ken and Larry know that! Max. I think Leeds will spend a little, but not much. I’d be pleasantly surprised by Hooper and/or Sharp. On the up side, both of them are definitely going to move this summer (Sharp has been transfer listed for over a year, so assuming Blackwell stays at Sheff U, he’s going) and they haven’t gone anywhere else yet. At the moment most clubs are clearing out their out of contract – or nearly so – players, and will probably plan to fill in/let go with purchases/sales after that, so it’s difficult to read much into this period. But I’m convinced Mr Bates doesn’t have much money allocated to the club (only the money the club generates, over and above enough to keep cash flow above water) and much of what he does have allocated will be prioritised to property development. So I think spending will be minimal. NottMatt I wouldn’t start to panic about the lack of cash spent on transfers just yet. Look around the Leagues and you’ll see that no clubs are spending. The reason for this? World Cup year. Every chairman, manager and scout in the country have their eyes on potential bargains from abroard. It’s the biggest shop window in the world. whiter than white I personally think its the agents holding fire until the transfer window opens when they can get a bidding war going to maximise their fees. Gryff A purchase can be agreed before the opening of the window, though if we had agreed something already that’s not to say we’d want to announce it just yet. There are plenty rumours that each Championship side is in the running against about 8 others to sign a host of players at £1-4mil each. But have we actually seen any club flash the cash yet? In truth, there are very few clubs with money to burn in this window. If we get a star name I wouldn’t expect us to spend more than £2mil on him, and then that will be most of our budget gone. Mightywhite83 I’ve read forest are bulking on the transfer fee of 1.5 million on Boyd from Peterborough at this price I think he would be an awsome signging given the amount of goals he scores from midfield, also hooper is the man for me Matt BB i think theyre right to arent they, surely £1.5M is a bit high for a player who has only performed at league one level and had a small influence on their season? TheReaper08 I think we will spend, I believe KB is smart enough to know that we need to push on and that costs. Matt BB I’d love to see us sign earnshaw from Nottingham Forest, wonder what the price would be? Dawson from Rochdale would be a brilliant signing at centre back, I agree Reaper, Ken is a business man, although i’m not his biggest fan, it all comes down to getting us back in our own ground and being a saleable club, fumbling and crumbling in the championship for 10 years doesnt fit in with this. TheReaper08 I’m no fan either Matt BB but it just makes sense to push on an maximise the value of the business. I genuinely beleive that if we get back to the Prem he will sell for a decent price and we will be free….. Ian Burrill I think we’ve had this discussion before. But there’s no chance in heaven that Ken doesn’t already own the ground and Thorpe Arch… in his own round about way that Kenneth so sneakily does. He wouldn’t build a hotel on the side of a ground he doesn’t own. Come on… Matt BB as with all of thse things as long as he sells to the right person, I know thats a long way down the road, but it would be good to have someone who recognised just what a big club we could be and was in for the long term. Yorkshrman IF what Ken said in court is true (i.e. that he has no share in the club) then decisions to sell or otherwise aren’t really anything to do with him, are they! Ditto investing cash ….. Mike Didn’t I say you wouldn’t believe me? Ken will buy Hooper for us even if he has to take an overdraft We might even get the other Billy as well! West Stand Rebel The sale of season tickets 10000 we are told should net off to £4m after Vat of income most of which should have been received before the season kicks off again. However and isn’t there always a however as far as the fund manager is concerned we are still in the dark as to who has paid or will have to pay the £1.5m of costs and fines as a result of the Levi trial. Then there was the 15 point challenge which may still be incurring legal costs and the continuing Jersey trials. The tangled web of companies whose ultimate ownership remains a mystery will also be eating up money as management expenses . Mr. Taylor and his associates have had well over £800000 in the last couple of years of legal fees alone. It would be great to see some investment on the field but I see no evidence of it yet. Infact there has been virtually no transfer fees paid out for several seasons. Matt BB we all know it doesnt work like that here though, and to be honest maybe thats a good thing for the long term financial health of the team? that money will be safely paying wages, ground maintenance and boosting our cash position, I cant see a major spneding spree, but i’m sure he will spend a little. Mike Relax rebel all that stuff is not too important. Tranquillo Mike and Radebe is coming too to bolster Simons backroom. West Stand Rebel Yeah I love the Chief and actually at heart I’m an optimist although I guess it doesn’t always show ‘cos i get frustrated with the machinations at ER . Sorry Mike! Jim Chimney Not likely that Ken will part with ANY cash. January window and he should have bought another striker to keep Beckford on his toes and he didn’t. Result was that we just crawled over the finish line with other promotion hopefuls bottling it luckily for us. Ken isn’t that bothered about promotion as long as the club makes a massive 15k profit again and the cash generated by the club pays for other projects like that donkey Yorkshire Radio…….. Does Kenneth care? Max. @MattBB re Boyd – Peterborough spent last season in the Championship and were relegated. Boyd scored 12 goals (9 in the League, 3 in the LC) and ended their top scorer. But 1.5m seems a lot to spend given we have other positions to fix first, and given what we think the budget will be. Matt BB Well now im plain old mattbb.. no longer Matt BB thanks to some bizarre login thingumajig which wouldnt let uppercase letters and spaces in my username?! but then there are worse things that could happen, yes absolutely, i dont think boyd did very well for nottingham forest last season, thats not to say he might not work out for us but there areplenty of other players we could add to our squad, remember we have snodgrass, gradel, howson and johnson who will prbably all fill the attacking midfielder role well for us next season. richard Maybe a bit but nowt spectacular. Benjamin Bunny I personally think this is Gradels year to shine up front. So i’m thinking there won’t be another striker signed. Mike Well think again Benjie TheReaper08 What do you know then mikelufc ? I must have missed something but you seem very certain Hooper will sign. I would love it if your right. Graham Hugill Personally I can’t see us spending any more than £1m on any one particular signing – which unfortunately will rule us out of the running for Hooper. That said I don’t think you’ll be seeing much cash flashed at all below the Premier League – there just isn’t much money available anywhere. With that in mind I can’t say I would blame Bates if we don’t spend big. Bury White I can’t see us spending over a £1 either this year. Bates’ priority is the infrastructure and if he couldn’t find the cash for Thorp Arch he hasn’t got it for players…I hope I’m wrong though TheReaper08 @burywhite You sir are a legend, that is one of the best log on names and avatars I have seen in a long time. Hope your wrong about the cash though, got to have faith (at least until the transfer window opens). Matt BB he’s got to spend something? if he doesnt we’ll be on our way back to league one.. he tried to survive in the championship on the cheap when we got relegated and gave dennis wise and kevin blackwell no transfer funds – the main reason IMO we went down, surely he has learnt his lesson? he does have some cash in the pot so expect at least one big signing, but i think it will be only one. Gryff @mattbb: We’ve already made some steps in the right direction in improving a team that gave Liverpool a good run for their money, took Spurs to a replay (and even then, didn’t lie down) and defeated Man Utd at Old Trafford. Once, maybe that’s a fluke. Twice, maybe we perform well on big occasions (and they didn’t). Thrice… Well, put it this way: I think we need to spend on a big-name striker just as much as the next bloke, but if we get our defence sorted we’re hardly going to be struggling to stay in the Championship next season. Especially with a class act like Schmeichel. Matt BB but the hangover was the problem wasnt it? we can all dance like travolta after a few pints, and leap tall buildings.. well i’ve extended that metaphor too much havent I… what i mean to say is we can certainly perform well when we want to, but what about those fixtures against Burnley on a cold November Thursday etc, we need a lot more depth in our squad. Bury White One thing I’m glad of is the poor run we had post xmas, if we had gone up without a sweat as it looked like at xmas we wouldn’t have a chance of getting cash out of his pocket. Limping home put the games against manure and liverpool into context Scratching Shed @burywhite Interesting point. I agree the bad run revealed some cracks in the team, which Simon is the process of painting over. I’m still expecting some money to be spent on Becks’ replacement and I reckon they’d have been forced into that regardless? Mike This is my view too Bury ( I can call you bury can’t I or am I being too forward? ) although I want to believe in Larry his fuckups (will that get past the censor?) leave me wary, if he was working for me I would be supporting him but watching him like a hawk. Bury White I have belief in SG but one thing he has failed at is bringing a forward to the club look at all his loan signing…Volkes, Dickov, Dickinson and Trundle…… Scratching Shed @burywhite Yeah, it is a worry. Maybe I’m clutching at straws trying to defend the boss, but I think he was trying to find someone to accompany Becks with the afore mentioned loanees. What he needs now is someone capable of goals – not someone to support a goal machine. i think he knows that and I have faith in him bringing someone in to fill the void. TheReaper08 @TSS What we need to remember is every one of those signings (except Dickov) had either scored goals or was highly regarded as a hot prospect at there club. They ended up being poor signings but everyone of them (except Dickov) I had other fans telling me that it was a useful signing. Scratching Shed @TheReaper08 Yeah, the Leeds fans do have a tendency to over-hype potential targets. I think mine and a few other of the more public reactions to Dickov’s signing probably fuelled the contempt the fans had for him. Ridiculous signing, that did nothing but absorb funds. Mike ” there club” Reaps? TheReaper08 Sorry mikelufc I mean’t clubs, it’s been a long hard day. Bury White and I forgot McSheffrey……very worrying especially if you want the chairman to spend big money Mike Just as an aside, I seem to be always logged whether on my pc, laptop or iPhone!??? Mike Mcsheffrey! Hahahahaha! Wi larry ever get over mcthingycrap? TheReaper08 In his defence McThingy didn’t actually ever get to play his natural position. Mike And who’s fault was that? TheReaper08 Difficult, if the loan agreement involved SG saying to McThingy we want to sign you and play you left wing then it’s the players fault for agreeing, If he was signed as a loan striker but never played there then it’s SG’s fault. All I can do is point out that at Championship level he had some success when played as an out an out striker. And I hate putting disclaimers on my posts but before anyone starts I am NOT saying he is a good player or a good signing, just merely stating some known facts. Mike If you bring in a goalkeeper and play him as a centre forward who is responsible for the result? Mike If you bring in a striker and tell him you want to play him left wing and the striker needs a job so agrees it is the managers who is at fault. If he needS a left wing that is what he should be signing henry vincent lewis There is a possibility that Simon may hold onto the money until the second transfer window? We are an unknown quantity in the Championship, and we do not know how our squad will get on. There may be a few players he is not sure about at this level. Having said this we do need another top striker from the outset, but other positions may have to wait to see how we do. henry.