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Thanks. That is my ( very limited ) understanding.

That was my point. Tony has total control over Bhafc, but The amex stadium, The Training facility and Brighton and Hove Albion football club are totally seperate enterties. So he owns all but in the form of different companies. It is to protect both him and the club should things go tits up in...

I seem to recall in another thread he is ( quite rightly ) getting £1 million per year by renting the Amex to the club. So he is getting a small return on his investment.