When Assem Allam was in dispute with the Royal Bank of Scotland he mentioned that the Council lost control over who owns the KC stadium. If I remember correctly he said something along the lines of:
the ownership of the SMC remains with the holding company created by Bartlett so there's no need for the Council to give their consent. The Council has no say in who owns the shares in the SMC's holding company.
"By agreeing to this change, the council have lost control over any future transfer of ownership of SMC as any buyer can purchase the holding company." - Assem Allam
http://www.hulldailymail.co.uk/alla...tory-24139003-detail/story.html#ixzz4HaurJzFp

