Leeds Fans Utd
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Leeds Fans Utd
Leeds Fans Utd is a private limited company which intends to secure a stake in Leeds United F.C. The funding for the project comes from ordinary Leeds fans, who collectively acquire shares in the company through the Leeds Fans Utd Community Benefit Society. If the company is successful in acquiring a stake in the club, the society will be able to have a voice at director level of the Club. If the company cannot acquire a stake, the society will return fans at least 90% of their investment. The company's Executive team is now led by Sharon Reid, as CEO, and Brendan Meehan, as Chairman At the end of October 2015, it had reached an agreement in principle with Leeds United owner Massimo Cellino Massimo Cellino (; born 28 July 1956) is an Italian entrepreneur and football club owner. Through his family trust Eleonora Sport Ltd he is the owner of Italian club Brescia Calcio, and is the former owner of italian club Cagliari, and English cl ... to buy a majority stake in the cl ...
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Private Company Limited By Shares
A private company limited by shares is a class of private limited company incorporated under the laws of England and Wales, Northern Ireland, Scotland, certain Commonwealth countries, and the Republic of Ireland. It has shareholders with limited liability and its shares may not be offered to the general public, unlike those of a public limited company. "Limited by shares" means that the liability of the shareholders to creditors of the company is limited to the capital originally invested, i.e. the nominal value of the shares and any premium paid in return for the issue of the shares by the company. A shareholder's personal assets are thus protected in the event of the company's insolvency, but any money invested in the company may be lost. A limited company may be "private" or "public". A private limited company's disclosure requirements are lighter, but its shares may not be offered to the general public and therefore cannot be traded on a public stock exchange. This is ...
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