Wednesday, 4 May 2011
Ken Bates Buy's Leeds United
Leeds said in a statement: "The scaremongering arising out of the football governance inquiry has not been helpful and, whilst the board were always confident that there were no issues, recognise the concern the unknown outcome of any Premier League questions may have on our members. To address this issue... the chairman, Ken Bates, has completed the purchase of FSF Limited." The statement claimed there had been a "political obsession" over Leeds' ownership.
The Leeds chief executive, Shaun Harvey, gave evidence to the inquiry in March where he told MPs the club's owners were a holding company called FSF Limited based in the West Indian island of Nevis, owned by three discretionary trusts. Harvey said neither he, nor to his knowledge Bates, knew who the shareholders of the trusts were.