BVI company buys Elland Road
It has been recently confirmed that new owners had bought Elland Road, the home stadium of the football team Leeds United. However, the team assures fans that the future of this stadium is in safe hands.
Elland Road, currently the 10th largest football stadium in England, was sold by the club’s previous board experiencing financial difficulties in November 2004 to Manchester businessman Jacob Adler.
Now, the same ground has been sold again to new owners – a British Virgin Islands-based Teak Trading Corporation.
According to United chief executive Shaun Harvey, the change in ownership as regards Elland Road actually took place in excess of 15 months ago. Also, the change of ownership does not have material effect on the football team. Mr. Harvey notes that the club has no concern that the new owner of Elland Road is incorporated and based in the British Virgin Islands as it makes no difference to the club. United chief executive informed that the ownership of Elland Road was noted at the Land Registry and had been on the public record for a considerable period of time.