In 2003 The Money Programme investigates Leeds United reported pre-tax losses of almost £50 million - the British Game's worst ever deficit.
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9:52 When you look at your bank account after a night out with the lads
@ethanpower3812 жыл бұрын
That right just shows what an arrogant bastard Peter Ridsdale is.
@antcunningham19972 жыл бұрын
chelsea after we signed lukaku for 100m before loaning him back to Inter for 7m
@rohithraman648811 ай бұрын
Gambling that much on qualifying for the Champions League was utter stupidity, there's calculated risk and then there's torpedoing a club.
@azapro9117 жыл бұрын
Calculated Risk👌🏾
@theone774432 жыл бұрын
Some European clubs have been quite brazen in pinning all their spending plans on that sweet Champions League check. PSV Eindhoven has been doing this for years, and it has pushed its sponsors, most notably Philips, into compensating the lost cash year in year out.
@darwincity2 жыл бұрын
It was a calculated risk that at the time backfired big time
@antcunningham19972 жыл бұрын
@@antcunningham1997 and now Barcelona is doing it. Hopefully they win a lot these next few years
@saintgabbana187 Жыл бұрын
@@saintgabbana187 do you think barcalona got loans as well to buy all these players as well mate
@antcunningham1997 Жыл бұрын
Imagine what Bielsa could have achieved with O'Leary's squad !
@johnny58056 ай бұрын
We're still paying for it today. A decade out of the Premier League, a three year stint in League One and being stuck in the middle to lower half of the Championship. Massimo Cellino may be a lunatic but he's not half as bad as Ridsdale was.
@peterkehoe19848 жыл бұрын
Couldn't agree more mate had an endless list of shambolic owners Ridsdale, Mckenzie, Krasner, Bates, GFH, Cellino
@paulgray70148 жыл бұрын
Don’t worry, it’s looking more hopeful for them now especially with the new “Don Revie” in charge!
@dommidavros22114 жыл бұрын
@@dommidavros2211 Theyre back in the PL
@UnitedPacci3 жыл бұрын
LEEDS are big locally & that is it. Manchester is bigger. Aammer
@aammerahmed38663 жыл бұрын
Leeds as a city & football club will be Manchester's shadow for a long time! Look forward to your reply. Aammer.
@aammerahmed38663 жыл бұрын
9:51 for all FNG fans
@Freesmilesforeveryone2 жыл бұрын
We've ended up with Risdale at Preston, he's completely changed. We rarely spend and we have no debts at all looks like he's changed. Got a couple of Leeds legends in Grayson and Beckford
@pls3208 жыл бұрын
9:52
@charlesfelicia78672 жыл бұрын
Thank you very much for uploading this. I've been looking for it for years.
@sarnobat200011 жыл бұрын
I find it strange how he struggles to acknowledge his stupidity..he finished 3rd with a great young team..signed Viduka and Dacourt..great signings..even signing Rio was a great signing..no need to sign fowler Keane and Johnson..if anything we should of signed proven quality centre midfielder...if batty or Dacourt were injured we were never the same team..which coincides with the loss of form we had and missing out on vital champions league finish..we had to many strikers all demanding to play..probably causing disharmony..the squad was so Imbalanced so recruitment was another reason the dream failed
@terrywardley18904 жыл бұрын
What would Ridsdale have done different, he says probably nothing... Hello, start by not signing Robbie Fowler and Seth Johnson, Leeds had the best young squad in the Premier League most of the team cost the club nothing, this muppet nudged up their wages and spent a fortune in the transfer market the only player Leeds made any cash on was Rio Ferdinand, he sacked Venables who cost the club 2 million, Robbie Fowler was still being paid 500,000 a year after he left for City.
@Killa0269 жыл бұрын
the thing is the football club at the time was based on spending big on world class players. to hopefully make a push for the league title and champions league qualification. Now the thing with that I'd every season you would have qualifify to pay back your Dept's and keep investors happy and generate enough funds to maintain that level of spending. Which is a massive gamble to take every season it it was ought to collapse at some time there was no kind of stability.
@shaquillesheppard48888 жыл бұрын
@@shaquillesheppard4888 Whilst Ridsdale is a cockwomble (and I say this as a Cardiff City fan) there is some logic behind the spending - you do not win anything without big names, unless you re lucky enough to be able to grow 11 Xavi's/Iniesta's/Bale's to play. Leeds did have some good young players like Bridges and Mills etc. but there was pressure on them, and with pressure comes temptation. Even Manchester City will have to spend big in order to stay at the top, doesn't matter if Mansour ever went bust - the fans want, the fans get or they get upset and angry...
@davidevans56275 жыл бұрын
David Evans - Well with the “logic” (as you put it) of spending well beyond your means, what the fans “get” is two relegations, a long spell in league 1 and after more than 15 years still no return to the premier league! There was no reason for that spending! They already had Smith, Viduka, Bridges, Woodgate, Robinson and Fowler etc. Selling Ferdinand for £30 million was the right thing to do at that time (£12 million profit). They had some decent players! Stability first, then once you ALREADY have money from the champions league, you then “spend big”! If you don’t qualify (as they didn’t anyway!) you just focus on financial stability! Remember they were gambling with other people’s money which makes it even worse! Utter morons!
@dommidavros22114 жыл бұрын
Ferdinand’s sale showed how screwed Leeds were. £30m in the bank, and yet the club remained in financial freefall. A single player gone, a vast squad, and yet the team started to crumble (they would have been even more pooched if they’d lost him to injury and not received a hefty fee). Most people point to the singing of Fowler and/or Johnson as where it went too far, but it may be that Leeds had gone far too deeply into debt long before then. Ridsdale has no shame.
@ronb5714Ай бұрын
I absolutely HATE listening to clowns ask themselves questions and then answer. It's merely a way "running out the clock" and preventing questions being asked that they DON'T want to answer. "Ridsdale wanted to make Leeds the new Manchester United," and he reduced the club to the new Doncaster Rovers.
@WildwoodClaire15 жыл бұрын
If only goldfish and corporate jets could play football! The "dream" Ridsdale referred to was apparently "splash cash like an oil Sheik."
@WildwoodClaire13 жыл бұрын
It’s admirable how much self-awareness Peter Ridsdale shows here. No, sorry, not that. I mean the opposite of that.
@ronb5714Ай бұрын
Ridsdale was horrendous from the first day to the last. I would gladly not have had the short term Euro glory nights and built over the years, who knows where we would be now? What a true, true monster he was.
@KhanivoreQniba7 жыл бұрын
Mist_ warrir I would think that Leeds would be competing with teams like Everton for top 6 and aspiring to top 4.
@GEricG6 жыл бұрын
I wonder if Peter Ridsdale has a portrait of himself in his attic that is getting thinner?
@portcullis56225 жыл бұрын
You probably came here for 9:45
@liamChalloner2 жыл бұрын
As a man utd fan i miss Leeds
@dansavage12177 жыл бұрын
dan savage we miss you lot too
@JohnJohnson-et8lz6 жыл бұрын
We miss u red bastards too mate
@Michael_Chandler_Keaton6 жыл бұрын
We miss the danger years from 2000-05
@ay6136 жыл бұрын
Nice one Dan ALAW
@leedsboy644 жыл бұрын
See you on 15th August when we stuff u and see if u miss us then leeds leeds leeds
@lukewilson29312 жыл бұрын
In a way Leeds's fall from grace has spared them losing their soul to the money on offer in the premier league. Lets be honest, turning up to your seat with a corporate flag or scarf provided there for you to wave to create an atmosphere tells you what football has become. Leeds are a throwback to a time when clubs had a soul, they don't need embarrassing help like that. Wish they were back in the premier league though.
@gary1chester9 жыл бұрын
You sound like a guy who is thinking positive about the wife running off with your best friend as it saves money on the food shop
@theunambiguous6 жыл бұрын
After 16 years Leeds Utd are finally back in the top flight.
@speakfreeley44733 жыл бұрын
I wish
@silkysheepzag84012 жыл бұрын
@@silkysheepzag8401 They survived, JUST!
@speakfreeley4473 Жыл бұрын
lol, was venables doing a jimmy savile impression? leeds, always a class act
@InsCristea7 жыл бұрын
My brother is dating Peter risdale s daughter lol
@johnboylfc1232 жыл бұрын
Leeds were absolute numpties in the way they handled their money. Thats why they lost it all.
@localfox10009 жыл бұрын
And now barcalona are doing they exact same thing what leeds did and that's being utter numpty with spending money, it could backfire big time if it goes tits up
@antcunningham1997 Жыл бұрын
4m,5m,300k ?? So you’ve a tenner in a pub and you’ve lost 9.30 ?? Just dropped in to say hello...
@shanet56045 жыл бұрын
Here's the thing, if back then it was like it is today then we'd have been absolutely fine. But this was a different era in football, and we were the victim of the perfect storm of circumstances. I think most people in the position of having an established top 5 side with a fair amount of debts at that time would have gambled as well considering the carrot of Champions League money available at the time. And we actually did finish 4th that season but unfortunately it was only the top 3 at the time who qualified. The gamble simply didn't work out. Ridsdale was in no mans' land no matter what he did without that top 3 finish. We were just really unlucky with what happened to us. We needed to roll a 2 or above and we rolled got a 1. But they had no choice but to roll the dice. If I blame Ridsdale and O'Leary for anything it's things like the Seth Johnson transfer when we could have had Lampard for £1 million less at the time.
@thommohawk12166 жыл бұрын
9:51 Chelsea after we signed Lukaku for 100m before loaning him back to Inter for 7m
@rohithraman648811 ай бұрын
they arrived, yes peter, in the lower leagues.
@csag519312 жыл бұрын
It was so bad they had to hire a doctor !!
@natureclips5849 Жыл бұрын
This could be Chelsea in the near future.
@ramwinter2622 Жыл бұрын
4:42 This might be the most damnable lie ever told by humans
@willpitts5223 Жыл бұрын
Not really. No fan of any club would ask their club to run at a loss to get into the Champions League! Fans want their clubs to run properly off the pitch!
@joeybill947210 ай бұрын
Our cow shed is bigger than yours
@undesignated34914 жыл бұрын
Barcelona headed here.
@reasetilo2 жыл бұрын
Leeds got relegated. Thats what killed them. Lost the Sky millions
9:52 When you look at your bank account after a night out with the lads
That right just shows what an arrogant bastard Peter Ridsdale is.
chelsea after we signed lukaku for 100m before loaning him back to Inter for 7m
Gambling that much on qualifying for the Champions League was utter stupidity, there's calculated risk and then there's torpedoing a club.
Calculated Risk👌🏾
Some European clubs have been quite brazen in pinning all their spending plans on that sweet Champions League check. PSV Eindhoven has been doing this for years, and it has pushed its sponsors, most notably Philips, into compensating the lost cash year in year out.
It was a calculated risk that at the time backfired big time
@@antcunningham1997 and now Barcelona is doing it. Hopefully they win a lot these next few years
@@saintgabbana187 do you think barcalona got loans as well to buy all these players as well mate
Imagine what Bielsa could have achieved with O'Leary's squad !
We're still paying for it today. A decade out of the Premier League, a three year stint in League One and being stuck in the middle to lower half of the Championship. Massimo Cellino may be a lunatic but he's not half as bad as Ridsdale was.
Couldn't agree more mate had an endless list of shambolic owners Ridsdale, Mckenzie, Krasner, Bates, GFH, Cellino
Don’t worry, it’s looking more hopeful for them now especially with the new “Don Revie” in charge!
@@dommidavros2211 Theyre back in the PL
LEEDS are big locally & that is it. Manchester is bigger. Aammer
Leeds as a city & football club will be Manchester's shadow for a long time! Look forward to your reply. Aammer.
9:51 for all FNG fans
We've ended up with Risdale at Preston, he's completely changed. We rarely spend and we have no debts at all looks like he's changed. Got a couple of Leeds legends in Grayson and Beckford
9:52
Thank you very much for uploading this. I've been looking for it for years.
I find it strange how he struggles to acknowledge his stupidity..he finished 3rd with a great young team..signed Viduka and Dacourt..great signings..even signing Rio was a great signing..no need to sign fowler Keane and Johnson..if anything we should of signed proven quality centre midfielder...if batty or Dacourt were injured we were never the same team..which coincides with the loss of form we had and missing out on vital champions league finish..we had to many strikers all demanding to play..probably causing disharmony..the squad was so Imbalanced so recruitment was another reason the dream failed
What would Ridsdale have done different, he says probably nothing... Hello, start by not signing Robbie Fowler and Seth Johnson, Leeds had the best young squad in the Premier League most of the team cost the club nothing, this muppet nudged up their wages and spent a fortune in the transfer market the only player Leeds made any cash on was Rio Ferdinand, he sacked Venables who cost the club 2 million, Robbie Fowler was still being paid 500,000 a year after he left for City.
the thing is the football club at the time was based on spending big on world class players. to hopefully make a push for the league title and champions league qualification. Now the thing with that I'd every season you would have qualifify to pay back your Dept's and keep investors happy and generate enough funds to maintain that level of spending. Which is a massive gamble to take every season it it was ought to collapse at some time there was no kind of stability.
@@shaquillesheppard4888 Whilst Ridsdale is a cockwomble (and I say this as a Cardiff City fan) there is some logic behind the spending - you do not win anything without big names, unless you re lucky enough to be able to grow 11 Xavi's/Iniesta's/Bale's to play. Leeds did have some good young players like Bridges and Mills etc. but there was pressure on them, and with pressure comes temptation. Even Manchester City will have to spend big in order to stay at the top, doesn't matter if Mansour ever went bust - the fans want, the fans get or they get upset and angry...
David Evans - Well with the “logic” (as you put it) of spending well beyond your means, what the fans “get” is two relegations, a long spell in league 1 and after more than 15 years still no return to the premier league! There was no reason for that spending! They already had Smith, Viduka, Bridges, Woodgate, Robinson and Fowler etc. Selling Ferdinand for £30 million was the right thing to do at that time (£12 million profit). They had some decent players! Stability first, then once you ALREADY have money from the champions league, you then “spend big”! If you don’t qualify (as they didn’t anyway!) you just focus on financial stability! Remember they were gambling with other people’s money which makes it even worse! Utter morons!
Ferdinand’s sale showed how screwed Leeds were. £30m in the bank, and yet the club remained in financial freefall. A single player gone, a vast squad, and yet the team started to crumble (they would have been even more pooched if they’d lost him to injury and not received a hefty fee). Most people point to the singing of Fowler and/or Johnson as where it went too far, but it may be that Leeds had gone far too deeply into debt long before then. Ridsdale has no shame.
I absolutely HATE listening to clowns ask themselves questions and then answer. It's merely a way "running out the clock" and preventing questions being asked that they DON'T want to answer. "Ridsdale wanted to make Leeds the new Manchester United," and he reduced the club to the new Doncaster Rovers.
If only goldfish and corporate jets could play football! The "dream" Ridsdale referred to was apparently "splash cash like an oil Sheik."
It’s admirable how much self-awareness Peter Ridsdale shows here. No, sorry, not that. I mean the opposite of that.
Ridsdale was horrendous from the first day to the last. I would gladly not have had the short term Euro glory nights and built over the years, who knows where we would be now? What a true, true monster he was.
Mist_ warrir I would think that Leeds would be competing with teams like Everton for top 6 and aspiring to top 4.
I wonder if Peter Ridsdale has a portrait of himself in his attic that is getting thinner?
You probably came here for 9:45
As a man utd fan i miss Leeds
dan savage we miss you lot too
We miss u red bastards too mate
We miss the danger years from 2000-05
Nice one Dan ALAW
See you on 15th August when we stuff u and see if u miss us then leeds leeds leeds
In a way Leeds's fall from grace has spared them losing their soul to the money on offer in the premier league. Lets be honest, turning up to your seat with a corporate flag or scarf provided there for you to wave to create an atmosphere tells you what football has become. Leeds are a throwback to a time when clubs had a soul, they don't need embarrassing help like that. Wish they were back in the premier league though.
You sound like a guy who is thinking positive about the wife running off with your best friend as it saves money on the food shop
After 16 years Leeds Utd are finally back in the top flight.
I wish
@@silkysheepzag8401 They survived, JUST!
lol, was venables doing a jimmy savile impression? leeds, always a class act
My brother is dating Peter risdale s daughter lol
Leeds were absolute numpties in the way they handled their money. Thats why they lost it all.
And now barcalona are doing they exact same thing what leeds did and that's being utter numpty with spending money, it could backfire big time if it goes tits up
4m,5m,300k ?? So you’ve a tenner in a pub and you’ve lost 9.30 ?? Just dropped in to say hello...
Here's the thing, if back then it was like it is today then we'd have been absolutely fine. But this was a different era in football, and we were the victim of the perfect storm of circumstances. I think most people in the position of having an established top 5 side with a fair amount of debts at that time would have gambled as well considering the carrot of Champions League money available at the time. And we actually did finish 4th that season but unfortunately it was only the top 3 at the time who qualified. The gamble simply didn't work out. Ridsdale was in no mans' land no matter what he did without that top 3 finish. We were just really unlucky with what happened to us. We needed to roll a 2 or above and we rolled got a 1. But they had no choice but to roll the dice. If I blame Ridsdale and O'Leary for anything it's things like the Seth Johnson transfer when we could have had Lampard for £1 million less at the time.
9:51 Chelsea after we signed Lukaku for 100m before loaning him back to Inter for 7m
they arrived, yes peter, in the lower leagues.
It was so bad they had to hire a doctor !!
This could be Chelsea in the near future.
4:42 This might be the most damnable lie ever told by humans
Not really. No fan of any club would ask their club to run at a loss to get into the Champions League! Fans want their clubs to run properly off the pitch!
Our cow shed is bigger than yours
Barcelona headed here.
Leeds got relegated. Thats what killed them. Lost the Sky millions
No being 80m in debt
Cmon chelsea and juve against spurs tonight