What property does it own that it rents out? So you're defining an investment company as any company that rents out a property. If a hairdresser rents their chairs out is that an investment company?
So basically whatever anyone does you'll assume, based on a lack of trust, that the club or the fine people of Cov, or both, are being screwed. Sounds a fair conclusion to be honest.
And of course under the original deal the club would have got half of the rent back as we owned half of the management company. This argument isn't relevant to this thread though is it.