Dr Mike wrote: How much did we get for TA & ER? It won't have depreciated that much. So how much is MS paying 'himself ' ( till proven otherwise )? Isn't that unethical? How can all this moving money and profits be legal? ------------------------------
Sorry Mike but there's nothing illegal in a company owner being the landlord. Especially when the contract was drawn up by the previous owners, the inference being if it was fair then it's fair now. I personally wouldn't sign a self repairing lease but if I was Bates in this situation I would! I would be curious as to whether any vested interest was declared when the buy out clause was discussed but as LUFC is now privately owned we won't get to see the minutes of that meeting. If a vested interest wasn't declared I can guarantee that the minutes will say it was before they see the light of day. If a vested interest was declared the board are allowed to disregard it if they so wish or just ask the vested interest to refrain from voting. Bates is far from a stupid old goat and will have this issue watertight. 2 mill a year is a nice income for doing nowt. Cheers Paul _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email leedslist-unsubscr...@gn.apc.org MARCHING ON TOGETHER (There's it)
