No 'crazy money' for Leeds

Leeds United's new owners outlined their vision for the future of the club after completing their protracted £52million takeover at Elland Road.

Last Updated: 21/12/12 at 13:10 Post Comment

Leeds: New investment promised by new owners at Elland Road

Leeds: New investment promised by new owners at Elland Road

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Speaking at a press conference on Friday, Salem Patel, a member of the GFH Capital board, described the Dubai-based bank's intentions to provide a "sustainable and successful future" for the west Yorkshire club but have vowed not to spend "crazy money".

He said: "Leeds United is a great football club with a great history, pedigree and a fantastic base from which we can build the club.

"We looked at a number of clubs but Leeds was the most attractive for those reasons.

"We hope to bring back the type of atmosphere we witnessed on Wednesday (in the Capital One Cup defeat to Chelsea) where, although the result wasn't fantastic, the atmosphere and crowd - it was absolutely fantastic on the night.

"Obviously it's going to take investment and we wouldn't have bought a club like this if we weren't prepared to make that investment.

"What we want to say is that we're not going to be spending crazy money like some owners have. We want to make the investment sustainable and make the club successful. Simple as that."

Patel was immediately quizzed on what shape that investment would take in the transfer window and whether funds would be made available to manager Neil Warnock in January.

He said: "January is not a great time to do business. Thankfully we already have a good squad and we have a few players coming back from injury.

"Neil has already publicly stated what he wants and we are going to do our best to help him achieve that.

"If you're going to ask me what amount of money we are going to spend in January, unfortunately we are not going to be able to answer that."

Fellow director David Haigh, a Leeds fan, claimed they had bought "the best club in the world" before going through his plans.

He stood down the rumour that he will replace Ken Bates as chairman when the veteran leaves the post at the end of the season, while also revealing that Warnock staying on board was part of the criteria for the purchase.

"He is our man and one of the reasons we decided to buy this club in the first place. The guy is a legend in English football and it was a requirement of the contract," Haigh said.

Warnock is chasing a record eighth promotion and Haigh added: "We don't want to put a timescale on our investment but we want to make this club as successful as we can in the shortest time possible.

"We've been speaking to Neil and we will try our best to meet whatever needs he has and to be fair to us, we have already invested in the team.

"We've been speaking to him on and off since the summer to be honest. We very much assisted him with his plans in the summer and hope to continue to do so."

Haigh and Patel also outlined their long-term plans to buy back the club's Elland Road ground.

Don't miss any live and exclusive football coverage this festive season. Click here to visit Sky Sports' Festive Calendar

TEAMtalk Facebook Fan Page

The TEAMtalk fan page is a great place to meet like minded people, have football related discussions and make new friends.

Related News

Most Commented

Readers' Comments

N

ice work John.. have to agree with everything. Never measure your wealth in money.

wexford_blue
We're Not All Jealous Guys...

I

s it the same people that complain about Chelsea that complain about Mayweather? You should by now know what to expect from both, if you can't appreciate how good they are at nullifying their opponents then don't watch them.

Noz2k
Chelsea: This Ending Always Justifies The Means

I

do concede though, that getting rid of Luiz has made them less entertaining. In the same way that driving with both eyes open is less exciting, but probably a good idea.

megabrow (cufc)
Chelsea: This Ending Always Justifies The Means

Footer 365

Kenny Miller said Rangers have to improve on form against Queen of the South

Kenny Miller said Rangers have to “get to grips” with play-off opponents Queen of the South if they are to progress.

Juan Mata worried Liverpool could catch Manchester United

Juan Mata admits Manchester United risk being caught by Liverpool if they cannot end their poor run of form.

Juventus v Real Madrid preview: Andrea Pirlo full of respect for Real

Andrea Pirlo has described Champions League semi-final opponents Real Madrid as the "most important club" in the world.

Mail Box

Blaming Van Gaal For United Slump...

Wayne Rooney in midfield, the same balls aimed at Marouane Fellaini...Louis van Gaal has to find a solution. And a Burnley fan embraces relegation...

Shouldn't We Give Players Time?

Do we really want to throw out the baby with the bathwater every single summer? We also have a Man United fan who wants massive investment. And more...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company