I think you need to read the ownership statement very carefully in conjunction with the new FL rules. Note that the FL rules now require a club to publish owners of 10% or more of the shares in that club.
There are five shareholders in Leeds City Holdings, only FSF holds more than a 10% shareholding. FSF is incorporated in Nevis and owned by Chateau Fiduciaire. Chateau Fiduciaire (CF) is owned in a 3 way split by three trusts whose sole purpose of investing in CF was to invest in Leeds United. The trusts are owned by beneficiaries, who can only be identified by the level of benefit attributable to them. However none of the beneficiaries are entitled to 10% of the shareholding of FSFs shares in Leeds. The trustees of CF have appointed management shares to Ken, who has in turn appointed Patrick Murrin and Peter Boatman to hold them for him. They carry full voting rights but no equity. Note that this does not mean these people have no equity in Leeds, it's just not conferred by these management shares. Therefore we still won't know who owns us. -- Steve Mosley BPharm MRPharmS ___________________________________ Registered Pharmacist tel: 07900492981 email: [email protected] web: www.stevemosley.eu On 5 Aug 2010, at 09:22, "McWilliams, Brendan, VF-Group (bmcwill)" <[email protected]> wrote: > The ongoing saga that is LUFC ownership apart - what's the List view on > the very possible demise of Portsmouth? > > For pure selfish reasons, I'd rather they survived with a hopeless squad > and points deducted to make sure we have one less club to worry about > and effectively just 2 relegation places. Plus, that 6-1 away victory in > the relegation season still STILL annoys me and I'd like something > similar in reverse this year. > > On the other hand, their going out of business might be the ultimate > lessons for football clubs to start living in the real world and bring > back player salaries to within club budgets. > > -----Mensaje original----- > De: [email protected] [mailto:[email protected]] > En nombre de Ted > Enviado el: jueves, 05 de agosto de 2010 9:06 > Para: [email protected] > Asunto: Re: [LU] Rule changes approved. Here we go again. > > See we (LUFC) were on the main BBC Breakfast time sports bulletin this > _______________________________________________ > Leedslist mailing list > Info and options: > http://mailman-new.greennet.org.uk/mailman/listinfo/leedslist > To unsubscribe, email [email protected] > > MARCHING ON TOGETHER _______________________________________________ Leedslist mailing list Info and options: http://mailman-new.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] MARCHING ON TOGETHER
