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Leeds Rent (1 Viewer)

  • Thread starter dongonzalos
  • Start date Dec 19, 2012
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D

dongonzalos

Well-Known Member
  • Dec 19, 2012
  • #1
Leeds pay 1.8 million rent a year according to ken. Yet someone is still taking over them. Wonder if they renegotiate it?
 

cloughie

Well-Known Member
  • Dec 19, 2012
  • #2
dongonzalos said:
Leeds pay 1.8 million rent a year according to ken. Yet someone is still taking over them. Wonder if they renegotiate it?
Click to expand...

I bet thats not included in the average rents quoted by some
 

Astute

Well-Known Member
  • Dec 19, 2012
  • #3
How many do they get each home game though? Have they a decent chance of Prem football?
 
B

Brighton Sky Blue

Well-Known Member
  • Dec 19, 2012
  • #4
cloughie said:
I bet thats not included in the average rents quoted by some
Click to expand...

Probably because they're not in the same division.
 

katzenjammer

New Member
  • Dec 19, 2012
  • #5
But they retain ALL revenue from the stadium, food and drink, car parking, stand sponsorship and any non matchday conferences etc.
 
M

muners

New Member
  • Dec 19, 2012
  • #6
They get over 20000 home fans don't they?
 
D

dongonzalos

Well-Known Member
  • Dec 19, 2012
  • #7
Astute said:
How many do they get each home game though? Have they a decent chance of Prem football?
Click to expand...

I know I imagine that's what ACL would say to SISU
 

cloughie

Well-Known Member
  • Dec 19, 2012
  • #8
Brighton Sky Blue said:
Probably because they're not in the same division.
Click to expand...

Someone said he was willing to pay double the championship average ..... who would that be?
 

coundonskyblue

New Member
  • Dec 19, 2012
  • #9
<p>
muners said:
They get over 20000 home fans don't they?
Click to expand...

When they get into the prem & get 40k should the rent go up?

Rent is a fixed cost & should not be attributed to income.
 

Grendel

Well-Known Member
  • Dec 19, 2012
  • #10
dongonzalos said:
Leeds pay 1.8 million rent a year according to ken. Yet someone is still taking over them. Wonder if they renegotiate it?
Click to expand...

Who owns the ground?
 

Grendel

Well-Known Member
  • Dec 19, 2012
  • #11
coundonskyblue said:
<p>

When they get into the prem & get 40k should the rent go up?

Rent is a fixed cost & should not be attributed to income.
Click to expand...

Rent certainly should not be attributed to income I entirely agree with you.
 
D

dongonzalos

Well-Known Member
  • Dec 19, 2012
  • #12
I think a lot of people have been saying 1.2 million is a premiership rent. Leeds have not been there for a long time. Ellend Road is an old old stadium. That has not been improved since Risdales days.
Fact of the matter is we don't know what people are paying till they tell us like bates did tonight.
We are just accepting TF's quotes that have never been verified anywhere.
There can't be that many stadiums out there that are rented and Ellend Road would definitely skew an average at 1.8
 
D

dongonzalos

Well-Known Member
  • Dec 19, 2012
  • #13
Grendel said:
Who owns the ground?
Click to expand...

Don't know. Maybe the new owners of Leeds have bought the ground at the same time as buying the club, that would be the shrewd thing to do.
 

Grendel

Well-Known Member
  • Dec 19, 2012
  • #14
dongonzalos said:
I think a lot of people have been saying 1.2 million is a premiership rent. Leeds have not been there for a long time. Ellend Road is an old old stadium. That has not been improved since Risdales days.
Fact of the matter is we don't know what people are paying till they tell us like bates did tonight.
We are just accepting TF's quotes that have never been verified anywhere.
There can't be that many stadiums out there that are rented and Ellend Road would definitely skew an average at 1.8
Click to expand...

Who owns Elland Road?
 

Grendel

Well-Known Member
  • Dec 19, 2012
  • #15
Don no one knows who owns Elland Road it was "sold" in 2006 I believe.

Also no-one knows the identity of the owners of Leeds United plc.

We do know Ken Bates is the frontman.

Interestingly we do know Walsall pay the second largest rent in League 1. We do know the chairman is jeff Bonsor. We know they pay rent to a pension fund owned by jeff Bonsor.
 

SkyBlue_Bear83

Well-Known Member
  • Dec 19, 2012
  • #16
Grendel said:
Who owns Elland Road?
Click to expand...
According to Wikipedia Teak Trading Company
 

Grendel

Well-Known Member
  • Dec 19, 2012
  • #17
CCFC said:
According to Wikipedia Teak Trading Company
Click to expand...

Leeds sold this to them I believe in 2006 for quite a substantial sum. The true ownership of the football club remains a mystery....
 
D

dongonzalos

Well-Known Member
  • Dec 19, 2012
  • #18
Grendel said:
Leeds sold this to them I believe in 2006 for quite a substantial sum. The true ownership of the football club remains a mystery....
Click to expand...

Bloody hell that sounds familiar
 

Mucca Mad Boys

Well-Known Member
  • Dec 19, 2012
  • #19
cloughie said:
I bet thats not included in the average rents quoted by some
Click to expand...

It probably is, think about it, Ipswich 30k, Hull 5k would drag the average down.
 

Grendel

Well-Known Member
  • Dec 19, 2012
  • #20
SkyBlue_Taylor said:
It probably is, think about it, Ipswich 30k, Hull 5k would drag the average down.
Click to expand...

Brighton allegedly pay £1 for the privilege.
 
D

dongonzalos

Well-Known Member
  • Dec 19, 2012
  • #21
That company was Forward Sports Fund, registered in the Cayman Islands , a tax haven .
Exactly the same as SISU.
except these lot let ken run the show for them
 
D

dongonzalos

Well-Known Member
  • Dec 19, 2012
  • #22
The public cannot see who owns companies in tax havens; secrecy is one of the key services offered by such countries, many of them former British colonies or protectorates.
 

Grendel

Well-Known Member
  • Dec 19, 2012
  • #23
dongonzalos said:
The public cannot see who owns companies in tax havens; secrecy is one of the key services offered by such countries, many of them former British colonies or protectorates.
Click to expand...

There is a suggestion the Walsall effect may also happen at Leeds
 
D

dongonzalos

Well-Known Member
  • Dec 19, 2012
  • #24
Shaun Harvey , the club's chief executive, told the select committee at a session in Burnley that he did not know who the owners were, and - "to my knowledge," he said - neither did his chairman, Ken Bates.
The Premier League chief executive, Richard Scudamore, gave evidence to the committee shortly afterwards, saying that if Leeds were promoted, the Premier League would interpret the rules more strictly and require Leeds to say who the owners were.
Just days later, Leeds announced Bates had bought the club.
The unnamed investors who had apparently owned Leeds for six years, and certainly since the club came out of administration in 2007, had decided to sell it to him.
Bates, a UK tax exile resident in Monaco , had bought the club from the anonymous investors, via a company registered in Nevis, the West Indies , another tax haven.
Neither Bates, the club nor Chateau Fiduciaire said how much Bates paid to buy Leeds, why the unnamed investors had decided to sell when the club could achieve promotion and be worth a great deal more or, when they decided to sell, what efforts they had made to find a buyer, perhaps internationally, before concluding Bates was the buyer for them.
 

sky blue john

Well-Known Member
  • Dec 19, 2012
  • #25
SkyBlue_Taylor said:
It probably is, think about it, Ipswich 30k, Hull 5k would drag the average down.
Click to expand...

i doubt very much these are the true figures.
Because these amounts wouldnt even cover light, heat and staff.
 
D

dongonzalos

Well-Known Member
  • Dec 19, 2012
  • #26
They still found a buyer for 52 million though

So there is hope for us yet

GFH Capital’s £52m takeover of Leeds United on verge of completion
 

Grendel

Well-Known Member
  • Dec 19, 2012
  • #27
sky blue john said:
i doubt very much these are the true figures.
Because these amounts wouldnt even cover light, heat and staff.
Click to expand...

The Council cover the losses -- that is the point!

:facepalm::facepalm:
 
W

wingy

Well-Known Member
  • Dec 19, 2012
  • #28
dongonzalos said:
They still found a buyer for 52 million though

So there is hope for us yet

GFH Capital’s £52m takeover of Leeds United on verge of completion
Click to expand...


There is still doubt over this deal.

In answer to KD
I'm pretty sure the council own the Ground from that inside out programme last year by David Conn.
 

sky blue john

Well-Known Member
  • Dec 19, 2012
  • #29
Grendel said:
The Council cover the losses -- that is the point!

:facepalm::facepalm:
Click to expand...

where is your evidence that whoever owns these two stadiums that they cover losses ?
Are you claiming your statement is fact ?
 

Grendel

Well-Known Member
  • Dec 19, 2012
  • #30
wingy said:
There is still doubt over this deal.

In answer to KD
I'm pretty sure the council own the Ground from that inside out programme last year by David Conn.
Click to expand...

They sold it to a company in the Virgin Islands.

The main point is the argument they "pay" £1.2 million in rent is deeply flawed.
 

stupot07

Well-Known Member
  • Dec 19, 2012
  • #31
Grendel said:
They sold it to a company in the Virgin Islands.

The main point is the argument they "pay" £1.2 million in rent is deeply flawed.
Click to expand...
So the ground and club are owned by the same people but they pay high rent tax free?
 
D

dongonzalos

Well-Known Member
  • Dec 19, 2012
  • #32
It's ken who says he pays 1.8 million in rent.

He bought the club, but did not own the ground.
 

Grendel

Well-Known Member
  • Dec 19, 2012
  • #33
sky blue john said:
where is your evidence that whoever owns these two stadiums that they cover losses ?
Are you claiming your statement is fact ?
Click to expand...

Portman Road was the subject of a long running dispute between the council and the football club. The council demanded a huge rental increase but settled out of court for the nominal sum I have already mentioned. It is well documented.

KC Stadium is owned by Stadium Management Company. Both the football club and the rugby club reside there for a nominal rent and the revenue is generated by other activities.

Doncaster lived in the Keepmoat rent free until this year, they then signed a 99 year lease for £300,000 per annum to lead the management of the stadium. Effectively they are now allowed to profit from all stadium activities as part of a deal for them to make it profitable.

Not sure about Brighton but they seem to play at the AMEX for free.
 

Grendel

Well-Known Member
  • Dec 19, 2012
  • #34
stupot07 said:
So the ground and club are owned by the same people but they pay high rent tax free?
Click to expand...

I was in Leeds yesterday with a season ticket holder funnily enough. No one knows who owns the club or the Ground. It is highly suspicious.
 

Grendel

Well-Known Member
  • Dec 19, 2012
  • #35
dongonzalos said:
It's ken who says he pays 1.8 million in rent.

He bought the club, but did not own the ground.
Click to expand...

Ah must be true then.

:facepalm::facepalm:
 
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