The Fish Seller 0 Posted August 4, 2008 The Club acquired a fair percentage of Landmark Securities PLC as part of the hotel deal.I notice LS PLC was taken over by Stenham very shortly afterwards.My question is what happened to the Clubs shareholding on takeover?Do we still hold shares in this company or have they been sold and used to balance the books?Is there any income from the hotel?Anyone out there able to elaborate? Share this post Link to post Share on other sites
canary cherub 1 Posted August 4, 2008 Under the terms of the deal there is no income from the hotel itself. We got income from selling the land for the hotel development (about £1m I believe) and used it to pay off part of the cost of the NU Corner.As far as the club''s stake is concerned I have no idea what''s happened to that. Possibly it will appear in the 2008 accounts which should be published in about October. If not it might be worth raising the issue at the AGM. Share this post Link to post Share on other sites
The Fish Seller 0 Posted August 4, 2008 [quote user="Fat Strawberry"] If not it might be worth raising the issue at the AGM. [/quote]For some reason the very thought of anyone doing this reminds me of the "Jehovah" scenes in Monty Python and The Holy Grail.[:D][:D] Share this post Link to post Share on other sites
