Leeds are the biggest victims of the fallout from the boom years of three or four seasons ago, because they were the biggest culprits at sticking their noses in its trough.
They borrowed huge sums against the projection that they'd be swimming in European Cup money season after season, and entered in expensive leases of players and so on - a financial house of cards. As soon as that money started to not materialise, the spiral got steeper and steeper and the whole lot came tumbling down. To that extent you have to blame Peter Ridsdale, for gambling that the boom was just going to go on and on for Leeds, and getting it horribly wrong.
Once they started having to sell their best players, and talk of liquidation/takeovers became the norm, there was little chance of the club avoiding the drop. Even Alan Smith, for all his tears and heart-on-sleeve "I fookin love this club" passion has only scored 8 times this season (I think) - hardly enough to merit excusing him and his colleagues from some blame too.
What's critical now is whether they have to declare bankruptcy in order to regroup, like Leicester did. Unlike Leicester, they won't get away with it and wll be deducted 10 pts from next season. That, plus a wholesale exodus of players, could see them struggle to stay up in Division One next year too.
They borrowed huge sums against the projection that they'd be swimming in European Cup money season after season, and entered in expensive leases of players and so on - a financial house of cards. As soon as that money started to not materialise, the spiral got steeper and steeper and the whole lot came tumbling down. To that extent you have to blame Peter Ridsdale, for gambling that the boom was just going to go on and on for Leeds, and getting it horribly wrong.
Once they started having to sell their best players, and talk of liquidation/takeovers became the norm, there was little chance of the club avoiding the drop. Even Alan Smith, for all his tears and heart-on-sleeve "I fookin love this club" passion has only scored 8 times this season (I think) - hardly enough to merit excusing him and his colleagues from some blame too.
What's critical now is whether they have to declare bankruptcy in order to regroup, like Leicester did. Unlike Leicester, they won't get away with it and wll be deducted 10 pts from next season. That, plus a wholesale exodus of players, could see them struggle to stay up in Division One next year too.