Bates will own Thorpe Arch too, which is why there is talk of moving away. Cheaper to build a new training complex than pay off the old crook.
Nigel. On 5 August 2014 14:39, Simon Hart <[email protected]> wrote: > 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 >> > -- 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
