Date:Friday January 6 2006
Jewell's Premiership high-fliers play Leeds in the third round of the FA Cup at the JJB Stadium on Saturday.
Former chairman Peter Ridsdale was once famously quoted as saying 'we lived the dream,' only for a nightmare of catastrophic proportions to eventually unfold at Elland Road.
Jewell: 'Leeds are a big club, a great club with great tradition, great fans, facilities, training ground and all that. At the moment, in all but status, they're a Premier League club, but they are also a club who have shown that if you are not run wisely or properly then you can almost end up out of business.
'That is nearly what happened to Leeds United. They are not the only ones. There was Bradford as well, Sheffield Wednesday and others who have been in danger.
'In their quest for European football, Premiership football, success, or whatever, they put the finances to one side, and I am not prepared to do that.
'We've made two bids for two players, both for substantial amounts of money, yet both have been rejected. We've been asked to double our money on one player, and been asked for an extra million pounds on the other, but I've said I won't agree to those. I won't pay any more.
'The world is riddled with teams paying over the odds, and the club ending up paying the price. Leeds did that. They paid over the odds for certain players, paid them too much money and almost paid the price.
'We all have to pay slightly over the odds at some stage for players, but I don't have to do that right now. If we had only 12 points on the table, I might have had to do that, but we are close to securing our Premier League status, and it might yet happen before the end of January.
'But I always try to run the club as properly as I can. It's the chairman's money, the club's money, the supporters' money, and once it's gone, it's gone.'
Register on this site via the drop down menu and leave feedback to this story below or to join in the debates on the forum.
Go on, get vitalled!
McDermott - There is bound to be interest in Ross (Saturday April 19 2014)
LUFC Murphy to maul the tykes? (Saturday April 19 2014)
LUFC On This Day - April 19th (Saturday April 19 2014)
LUFC Can Leeds end Barnsley hoodoo? (Friday April 18 2014)
LUFC Webb in charge at Barnsley (Friday April 18 2014)
LUFC On This Day - April 18th (Friday April 18 2014)
LUFC Barnsley v Leeds United Team News (Thursday April 17 2014)
LUFC McDermott anticipates tough game at Barnsley (Thursday April 17 2014)
LUFC Was Grayson better than Wilkinson? (Thursday April 17 2014)
LUFC Leeds Greatest Ever (Thursday April 17 2014)
|15. Sheff Wed||43||13||14||16||2||53|
|16. Leeds Utd||43||15||8||20||-8||53|
» Barnsley : 19/04/2014 18:02:00
» Watford : 19/04/2014 17:56:00
» Middlesbrough : 19/04/2014 17:06:00
» Q.P.R. : 19/04/2014 16:37:00
|Rams Secure Play-offs
» Derby County : 19/04/2014 16:25:00
» Derby County : 19/04/2014 16:20:00
|Leicester 1 QPR 0 - 19 April 2014
» Leicester City : 19/04/2014 16:16:00