Indeed, the takeoevr should be done ASAP if Leeds are to have any hope of survival. It does look like the consortium is the last hope for Leeds to avoid administration/liquidation. If the takeover was completed, what would happen to the debts ?. Would an agreement with the creditors to pay a certain % of the £100m+ debts have to be in place before it can take place ?. And where would the money used to buy Leeds go ?.

What do you mean ?. Djimi Traore and Salif Diao are world class ! . Although Ian St. John has said some tw_ttish things about Blackburn recently, the article does suggest that he did OK with his managerial career given the circumstances. Houllier has blown loads of cash on rubbish, and has in effect made the squad less impressive than Roy Evans' squad.

I don't know if that's aimed at me, but please read my last couple of posts again.

That theory sometimes works, but then the USSR was supposed to a step towards a stateless Communist society i.e. you have to be careful about these things. The severance pay might prohibit a sacking during the season as well.

Good lord !!! I need to lie down after that last post of yours Jan2 .

Ex-Bradford City chairman Geoffrey Richmond is involved in this consortium. http://news.bbc.co.uk/sport1....821.stm So that'll be administration then.

Keep Souness until the end of the season. Then see if someone better is willing to come.

From a layman's view, you'd be mental to buy Leeds with their debts, and the needs of the playing/coaching side of things. I have a feeling it'll be bad news for Leeds at 5pm, and the consortium that is considering to buy the club might be close to pulling out altogether.

This could be a nasty equation: No news about the consortium today + a statement at 5pm about Leeds' future = Administration ??. Thank goodness I'm not a Leeds fan at this moment.

In other words, Leeds' shares have been suspended so they don't go up or down due to any leaks about this announcement. Journalists, are not willing to speculate, as that might also influence the shares. No-one wants to say what is happening either way until it is the catagorical truth for these reasons. Have I got that right ?.

No idea, but it sounds interesting, if very ominous to a non-economic mind.

I can't help feeling that Leeds will be given deadlines until someone with enough money to at least lessen the debts comes and buys the club. Of course, by not going into administration now, they may be only postponing it, and then having 10 points less if/when they get relegated. It's risky what they seem to be doing, but it may work.

Jaws was on last night.

I wouldn't trust that news. You know what Italian manufacturing standards are like . Who are you talking about anyway ?.

Well he has a decent track record in keeping Oldham in business in the second division, and has done enough for Simon Jordan not to sack him yet. He may be more of a long term replacement, but he seems to be doing pretty well at the moment. I can't think of anyone else who could be remotely available who is good enough. Glenn Hoddle ?, Howard Wilkinson ?. It could be a lot worse than Dowie.