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

World Cup 2014

Check out the latest outright odds on next summer's World Cup in Brazil

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

World Cup 2014

Check out the latest outright odds on next summer's World Cup in Brazil

Related News

Sky Bet

    • Retrieving latest Sky Bet odds

Most Commented

Readers' Comments

W

hy don't you call in Becks as well...and we will all have a lovely tea party!

kimosabi
United: Scholes helping out

M

ourinho is just a good-looking version of Allardyce (Fit Sam?). Clearly 19th century football isn't such a big deal after all?

Ezy_Rider
Chelsea Killed The Game Instead Of Playing It

S

tay put, Pep. Timothy Sherwood has this under control.

slowgraffiti
Guardiola plans Bayern stay

Footer 365

Champions League: Real Madrid boss Carlo Ancelotti hails Cristiano Ronaldo

Real Madrid boss Carlo Ancelotti hailed the 'sacrifices' made by Cristiano Ronaldo in the 1-0 win over Bayern Munich.

Hugo Lloris says Tottenham can't get any worse after torrid campaign

Hugo Lloris admits it will be difficult for Spurs to be any worse next season following a torrid league campaign.

Champions League: Bayern Munich boss Pep Guardiola proud despite Real Madrid loss

Bayern Munich boss Pep Guardiola was proud of his side's performance, despite their 1-0 first-leg defeat to Real Madrid.

Mail Box

Of Course People Remember How You Won

Some have said that it doesn't matter how Chelsea played as long as they won, but is that true? Plus, we've found the one chap who enjoyed Tuesday's game...

Chelsea Got A Result, What's The Problem?

There is plenty of 'that's 90 minutes I'll never get back' sentiment about Chelsea's 'performance' in Madrid, but at least one person thinks they did what was required...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property