And why we didn't take up the option to buy back ER and TA. You don't kill
the goose that lays the golden (£2m) eggs.


-----Original Message-----
From: [email protected] [mailto:[email protected]] On
Behalf Of Robert Heath
Sent: 05 October 2011 05:28
To: Richard Naef
Cc: [email protected]
Subject: Re: [LU] someone else view of Mr Bates

I didn't specifically know the last bit of this, which is very interesting:

 Leeds United do not actually own Elland Road, it belongs to a BVI
registered company, Teak Commercial Ltd, and the club rent both Elland Road
and their Thorpe Arch training ground from the company for circa £2m p.a.
The owner of Teak Commercial is – unknown. Teak Commercial was established
on the 25th January 2005 and acquired Elland Road on the 16th March 2005.
Just to remind you, Mr Bates became chairman on 21st January 2005.

Of course.............that explains why we are using Delph money and other
income to build a hotel rather than buy back the facilities!

On 5 October 2011 01:57, Richard Naef
<[email protected]>wrote:

> http://www.twohundredpercent.net/?p=15412
>
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