It's his golden goose. No surprise we never re-purchased the ground whilst he was in charge.
On 5 August 2014 14:24, Nigel Barber <[email protected]> wrote: > "The deeds to Elland Road are owned by Teak Commercial Limited, a firm > based in the British Virgin Islands" > > Hmmm.... I wonder which crooked old scrote is behind that company. > > > Nigel. > > > > On 4 August 2014 10:29, Errand Fivefold <[email protected]> > wrote: > > > From the Guardian....(Don't shoot the messenger) > > > > > > > > > > Massimo Cellino, the Leeds United owner, has said that an offer to > > repurchase Elland Road has been made using money raised from the sale of > > Ross McCormack and other funds. > > > > Leeds sold their stadium in 2004 for £8m during the club’s financial > > crisis and the Italian entrepreneur vowed in February, before his > takeover > > had been confirmed, to buy it back immediately. The former Cagliari owner > > has not yet fulfilled that promise and has since claimed that he wants to > > secure a deal by November. > > > > The ground is owned by the businessman Jacob Adler but the club have the > > option to buy back Elland Road for a set fee by 2029, when their 25-year > > lease ends. > > > > McCormack was signed by Leeds’s fellow Championship club Fulham for £11m > > in July, providing a large chunk of the £16m fee Cellino believes is > > required to repurchase the stadium. > > > > > > “The money from McCormack cannot be wasted,” Cellino said. “We sent a > > letter yesterday. My accountant sent a letter because we want our stadium > > back. I hope it will be done soon. Before November 100%, because in > > November the rent will be raised. > > > > “We have to pay. I have to buy the stadium, then I have to fix a lot of > > other things. It’s our house and our home, we don’t want to be guests in > > our home. I knew that to buy the stadium back we needed £16m. > > > > “I want the stadium, we need to concentrate our energy on the club. It’s > > not agreed, we have the option to buy it and, if we try after November, > it > > will cost more.” > > > > The deeds to Elland Road are owned by Teak Commercial Limited, a firm > > based in the British Virgin Islands, and neither of the past two Leeds > > owners – Gulf Finance House or Ken Bates – repurchased the ground. Leeds > > are paying £1.4m in annual rent at the stadium but that sum rises by a > > small percentage every year. > > > > Leeds kick off their Championship campaign against Millwall on Saturday, > > their first season under new manager David Hockaday, whose appointment > was > > met with disillusionment by the majority of supporters in June. > > > > Benito Carbone has recently left his position of development coach at the > > club because of “family reasons”. > > > > > > > > Verner > > > > > > tHe LiTtLe YeLlOw DaFfOdIl @}-,-'-- > > _______________________________________________ > > Leedslist mailing list > > Info and options: > > http://mailman.greennet.org.uk/mailman/listinfo/leedslist > > To unsubscribe, email [email protected] > > > > John 'Grampa' Sykes > > Rest In Peace old lad > > 28th Oct 1938 - 12 Nov 2013 > > MARCHING ON TOGETHER > > > > > > -- > vectoria.co.uk > concentrichron.com > -- > > Mindbrix -- Dream it, draw it, build it, love it > > 69 Derby Street > Beeston > Nottingham > NG9 2LG > > +44 7905 311 352 > [email protected] > www.mindbrix.co.uk > Skype: ntbarber > twitter.com/mindbrix > _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] John 'Grampa' Sykes Rest In Peace old lad 28th Oct 1938 - 12 Nov 2013 MARCHING ON TOGETHER
