The former majority owner of Leeds United has revealed the net gain it made
through the purchase of the Championship club and its subsequent sale of a 75
per cent shareholding to new owner Massimo Cellino.
The annual report for Gulf Finance House reports a net gain of $6.46m (£3.8m)
from the
Subject: [LU] GFH post a profit on Leeds
The former majority owner of Leeds United has revealed the net gain it made
through the purchase of the Championship club and its subsequent sale of a
75 per cent shareholding to new owner Massimo Cellino.
The annual report for Gulf Finance House reports a net
[mailto:leedslist-boun...@gn.apc.org]
On
Behalf Of Rick Duniec
Sent: Thursday, 1 May 2014 8:35 PM
To: Leedslist@gn.apc.org
Subject: [LU] GFH post a profit on Leeds
The former majority owner of Leeds United has revealed the net gain it
made
through the purchase of the Championship club and its subsequent
2014 8:35 PM
To: Leedslist@gn.apc.org
Subject: [LU] GFH post a profit on Leeds
The former majority owner of Leeds United has revealed the net gain it
made
through the purchase of the Championship club and its subsequent sale of a
75 per cent shareholding to new owner Massimo Cellino
Because they paid Uncle Ken less than they sold it for and less than they
thought it was worth.
On 1 May 2014 16:13, Richard Naef rich...@triumph-computers.co.uk wrote:
I can't understand how they can value it at £52m, allegedly sell 75% for
£25m and say they made £3.8m.
Neither can I, perhaps that explains why neither of us are billionaires with a
multitude of offshore interests :o)
talking of which, anyone seen Stotty recently?
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