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Anyone know what this is about?

Discussion in 'Leeds United' started by Whitejock, Jun 27, 2013.

  1. Whitejock

    Whitejock Well-Known Member

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    Found this on twitter .....

    https://twitter.com/LPPoffwaccoe/status/350232498950795265/photo/1

    Found this too:

    David Conn ‏@david_conn 1h
    Leeds United have cancelled a mortgage on shares held by GFH Capital, so Brendale Holdings mortgage appears to effectively replace it

    Still means bugger all to a numbnut like me, but you never know, it might be significant!
     
    #1
    Whitejock, Jun 27, 2013
  2. TC (Lovely Geezer)

    TC (Lovely Geezer) Well-Known Member

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    Yes - It means you have mortgaged some shares to fund the wages over Summer - overwise known as a loan <ok>
     
    #2
    TC (Lovely Geezer), Jun 27, 2013
  3. Eireleeds1

    Eireleeds1 Well-Known Member

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    So what happened to the old story that we have virtually no debt. Yeah right. Mortgaged all over the place I'll bet
     
    #3
    Eireleeds1, Jun 27, 2013
  4. Whitejock

    Whitejock Well-Known Member

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    Some more detail .....

    Bates Out &#8207;@BatesOut 2m
    From WACCOE:

    In Dubai: Company called Brendale (who have lent LUFC money) in same building as GFH-C (David Haigh is a director of both)

    In British Virgin Islands: Company called Brendale in same building as Teak Trading (Who own ER and TA)
     
    #4
    Whitejock, Jun 27, 2013
  5. Millwallsteve

    Millwallsteve Waterloo's Finest
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    Transfer pot, you're having a laugh - they can't even afford the wages! <laugh>
     
    #5
    Millwallsteve, Jun 27, 2013
  6. JonnyLosAngeles

    JonnyLosAngeles Well-Known Member

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    The thick plottens!! <whistle>
     
    #6
    JonnyLosAngeles, Jun 27, 2013
  7. originallambrettaman

    originallambrettaman Mod Moderator
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    It's never a good sign when David Conn gets interested.
     
    #7
    originallambrettaman, Jun 27, 2013
  8. Mr Wolves-White

    Mr Wolves-White Well-Known Member

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    Can the club just not do things that doesn't involve tax havens. First Bates and his 1 million companies in every tax haven in the country and now Haigh has a company in the British Virgin Islands.

    It's just Ridiculous. Can we not have a tax paying owner who doesn't try to skip round the tax laws
     
    #8
    Mr Wolves-White, Jun 27, 2013

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