Originally Posted by
gm_gm
Remember RU estates is a completely different company to Rotherham United football club (RUFC) limited, RUFC pay rent via a lease to RU estates TS has a beneficial interest in Both in an op o/prop o arrangement which is why it was easier to attract the finance. TS isn’t a director of RU estates, its Anthony and Richard Stewart who are the sole directors.
My guess is that if TS sold RUFC then the new owners would either take on under assignment all the debts, or the debts are cleared to enable him to leave smoothly. The new owners would the take over the lease with RU estates ( there will be an assignment, transfer and sub-lease clause in the lease) I’d be suprised if RU estates sold up as well to ant new owners.