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  • Mitre May 17 (2)

Leeds United told to identify owners

Leeds United chairman Ken Bates has been told to identify the clubs owners by Leeds City Council before they spend £6 million on the Thorp Arch training ground, The Guardian Reports.

While the council believes that the investment in Thorp Arch will prove to be a strong asset in England’s bid for the 2018 World Cup, Leeds must prove ownership with clarity before the deal can be officially approved. This requirement is necessary considering the anti-money laundering responsibility that the council holds under the 2007 Money Laundering Regulations.

Error

It was revealed last week that Bates made ‘an error’ before the Jersey court when he announced himself as co-owner of the club with Patrick Murrin and the Forward Sports Fund, holding company. In reality some 10,000 shares are owned by unknown shareholders.

Thus far the club has not responded to the Football League’s inquiry regarding a clear statement of ownership.

The club hopes to push back the deadline to make a move to purchase the training ground to later this month. The Football League must approve the deal.

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