Leeds United must reveal ownership if promoted 2011

[Steve1872 4]

Leeds United will be required to reveal exactly who owns the club if they win promotion to the Premier League.

 

The club is currently operated by a West Indies-based holding company.

 

Premier League chairman Richard Scudamore said the Football League had not applied ownership disclosure rules as "robustly" as the Premier League.

 

He told a parliamentary committee: "Our clubs agree that we should tell the public who owns the clubs, and anything short of that is inadequate."

 

Scudamore was speaking on Tuesday to the Culture, Media and Sport parliamentary committee investigating the governance of football.

 

 

 

 

 

 

 

 

We will do all we can to persuade them to stay within the rules

 

 

 

Richard Scudamore

 

 

Last month, Leeds United chief executive Shaun Harvey told the committee that the club is owned by a holding company called FSF based in the West Indian island of Nevis, owned by three discretionary trusts.

 

The owners of these trusts are unknown but have appointed two men, Patrick Murrin and Peter Boatman, to run the club, with Ken Bates as chairman.

 

Leeds' ownership statement claims no single person or company owns more than 10% of the discretionary trusts. Leeds are currently fifth in the Championship hoping to win promotion back to the Premier League.

 

But Scudamore warned that that the Premier League would apply the rules on ownership transparency more rigidly than the Football League has done.

 

 

 

 

 

 

DAVID BOND'S BLOG

 

 

 

MPs missed a valuable opportunity

 

 

 

BBC Sports Editor David Bond

 

 

"The Football League have one view of how to interpret that rule and we have a more stern or harsh view of what the rule means," he warned.

 

"If it arises, if Leeds United on sporting merit deserves to be in the Premier League, we will do all we can to persuade them to stay within the rules."

http://news.bbc.co.uk/sport1/hi/football/teams/l/leeds_united/9448646.stm

6 April 2011

[Steve1872 4]

12 months later

Warnock quit drama: Leeds boss could walk over lack of signings

 

 

 

Tension at Elland Road after manager returns from holiday to find the club have managed to sign none of the targets he'd earmarked

Neil Warnock’s future at Leeds is in doubt over problems with his transfer kitty.

 

Warnock came back from holiday to find that none of his targets have been landed and may even quit if chairman Ken Bates does not deliver the promised cash.

 

The straight-talking manager claimed he had been offered a budget to give Leeds a shot at winning promotion to the Premier League when he joined in February, but the reality has been different.

 

Warnock teed up a handful of moves before leaving on his summer break, and many of those targets have now gone elsewhere - or stayed at their clubs.

 

Sources close to the 63-year-old claim he is ready to resign if there is no immediate progress.

http://www.mirror.co.uk/sport/football/news/neil-warnock-could-quit-leeds-866954

[Steve1872 4]

pulled these of a nottingham forest website who are worried about their own takeover after their chairman died

[Steve1872 4]

Will this be us in 12 months?

[the gunslinger 3,366]

its us now I fear.

[CumbernauldGers 0]

Shakes head over and over again, take it you missed the bit yesterday when the chairman named the shareholders of the club?

[Daniel Amokachi 0]

We are a lot worse off than this. Leeds aren't that far off the premiership, we're unwanted in one of the worst leagues in Europe.

[Bluedell 5,356]

Bates and Murrin? Brings back memories of the now-defunct Chelsea Action Group who never did find out who owned that 26.6% of Chelsea.