Vital Football

Latest Leeds United News

Bates 'Buy Hotels Not Players!'

Bates 'Buy Hotels Not Players!'

He's an easy target at the moment, but Ken Bates has blasted former Leeds chairman Peter Ridsdale. As though everything was hunky dory at Chelsea.

Within 12 months with Bates as chairman, he says Leeds have been transformed from a club riddled with debt into promotion contenders in the Championship.

Bates: 'The difference between me and Ridsdale is, at Chelsea, I always assumed we would finish 10th and get knocked out of both cups in the first round. Anything else was a bonus.

'Ridsdale worked on the assumption that they would qualify for Europe every season and do well in both cups. Anything else was a disaster.

'We had a £75million bond that was used to build the hotels and the best stadium in Europe. That was like a mortgage. The only debt was £20million and that was containable because we qualified for Europe. But we had £150million worth of assets.

'The two hotels were worth £50million. We spent money on assets, not like bloody Ridsdale, who spent it on players.'







Writer:
Date:Sunday January 15 2006
Time: 1:15PM

Login to post a comment

Recent Leeds United Articles

LUFC On This Day - December 14th

A look back at what happened on this day December 14th in the history of Leeds United

LUFC On This Day - December 13th

A look back at what happened on this day December 13th in the history of Leeds United

LUFC On This Day - December 12th

A look back at what happened on this day December 12th in the history of Leeds United

LUFC Roofe In EFL Team Of The Week

Leeds United forward Kemar Roofe has been included in the EFL Team of the Week for his performance at Queens Park Rangers on Saturday

Leeds United Archived Articles

Vital Leeds articles from

Site Journalists

Dazza71
Editor email
Profile

Current Poll (see more polls)

Should Kemar Roofe be given an extended opportunity as a striker?
Suggested By:
Yes89%
No11%
ScoopDragon Publishing Entire League Network of Sites
The Vital Football Members League
Latest F1 News
Latest Vital Boxing News
Vital Football Comment

Recent Leeds United Results (view all)

Leeds United Fixtures (view all)

Vital Members League Table

RankNamePoints
1.dazza7182
2.Tiny T27
3.deslondon19
4.erni16
5.@OxonWhite15
6.bago15
7.King Billy12
8.SimonTVW11
9.Oyper7
10.Salazzar6
Write for Vital Football