"We can no longer blame anyone else for what happens here. I came here to give Leeds a Premiership club again and we're serious about doing it.
"In a year's time we shall come out of the dark days of debt. If we hit our budget this year we'll make a profit despite the fact we've got a £14m wage bill, which we inherited. This is fantastic news.
"David O'Leary has been paid off, as have other ex-employees like Terry Venables, Peter Reid and Brian Kidd."