ken bates
2007-01-03 00:36:51 · 8 answers · asked by Lisa H 4 in Sports ➔ Football ➔ English Football
"In 2004, Sebastian Sainsbury backed by Nova Financial Partners tried to take over the football club, and buy Elland Road. However, they failed to transfer £25 million by the 13:00 GMT Friday deadline on 12 November, and so to stave of administration the club sold the stadium to Manchester based business man Jacob Adler. Leeds' board set the deadline as it needed to pay the latest instalment on a loan to Aston Villa F.C. shareholder Jack Petchey by close of business on Friday or trigger a £2m penalty clause. With the funds not transferred in time, Leeds had no alternative but to use their most bankable asset, Elland Road, on a 25-year lease deal with buy-back clause to raise the funds. It emerged on 27 December 2006 that Adler had sold the stadium to to the British Virgin Islands based Teak Trading Corporation Ltd some 15 months before."
2007-01-03 00:44:23 · answer #1 · answered by RoyF 2 · 1⤊ 1⤋
It was recently revealed that Elland Road is in the hands of the Teak Trading Corporation, based in the British Virgin Island.
This has been stated by several sources.
2007-01-03 00:48:14 · answer #2 · answered by Anonymous · 0⤊ 1⤋
It was sold by the previous owner to something called "The Virgin Islands", sorry but thats all i know
UP THE SUPER LEEDS
2007-01-04 05:50:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋
ken bates owns it currently all the other answers are rubbish
2007-01-03 06:44:40 · answer #4 · answered by Anonymous · 0⤊ 1⤋
strange one this but they dont own the ground,yet still own the pitch!!
2007-01-03 08:25:19 · answer #5 · answered by big sean 1 · 0⤊ 0⤋
Who cares ? They'll be playing at Scarborough's ground soon.
2007-01-03 00:40:11 · answer #6 · answered by Essex Corcaigh 2 · 0⤊ 1⤋
ME...
maybe not...!?!
2007-01-03 11:12:27 · answer #7 · answered by Anonymous · 0⤊ 0⤋