Remembering Leeds United : The rags-riches-rags story

The rise and fall of Leeds United is nothing short of a Hollywood script. The Once Premier league high fliers are now fighting it out for survival in the third tier of english football.The story of Leeds United from rags to riches and then back to rags reminds us the consequences of improper handling of funds and what happens if u bite more than u can chew. Wonder if anything similar can happen to the likes of Chelsea,Manchester Utd,Liverpool,Man City who are signing and paying millions to players, even though having huge debts looming over their heads.
Ok, back to Leeds United. This is a short account of their time in the 90's and early 00's.
1990 : Leeds win promotion to first division (now Premier League).
1992 : Win the league.
1993 : Finish 17th in the league,narrowly avoiding relegation.
1998 : Finish 3 rd in the league.
2000 : Leeds broke their transfer record by signing Rio Ferdinand for £18 million. Leeds reach the semi-final of the Champions League.Leeds were regarded as one of the best teams in Europe.
2001 : Fail to qualify for Champions League and that signals the beginning of the end for Leeds. They struggle to repay the large loan taken against the prospect of TV rights and sponsorship from Champions League.
2004: Leeds get RELEGATED to the second tier (championship) after 14 years in top flight. They start selling players to save the club. The Club gets sold to a meagre 10 million.
2007: Leeds get RELEGATED to the third tier (League 1).
2009: After 17 league games gone, Leeds find themselves at the top of League 1 on 50 points

The stadium of Leeds United is currently the 10th largest football stadium in England. Alex Ferguson once said that Elland Road has one of the most intimidating atmospheres in European Football. Leeds are 10th in the all time average attendance figures for the Football League and Premier League.

Peter Reid commented after being relieved of his managerial duties at Elland Road that "In 30 years I've never seen support like I did at the Arsenal game [at Elland Road] a couple of weeks ago. The fans at Leeds are fantastic."

With such a huge fan base and history, hope Leeds can make it to the Premier league once again...