Tax windfall for Trust

Tuesday, 23 December 2003 | In Focus

Brentford FC's three major shareholders, Altonwood (Ron Noades), Marlborough House Investment Holdings (Martin Lange) and Kingsmead Parks (Peter Wheatley) have, with Bees United, entered into a consortium to utilise tax losses arising from the Club against profits in their respective businesses.  
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Brentford FC's three major shareholders, Altonwood (Ron Noades), Marlborough House Investment Holdings (Martin Lange) and Kingsmead Parks (Peter Wheatley) have, with Bees United, entered into a consortium to utilise tax losses arising from the Club against profits in their respective businesses.

Martin Lange and Peter Wheatley have both committed to donate any tax recovered to Bees United, whilst Altonwood have committed to pay their share of the 2002/2003 losses direct to the club.

Former Chairman Martin Lange has always been on hand to give the benefit of his business and football experience to Bees United, as and when needed. He has now recovered the tax relief on his share of the Club's trading losses, and donated the recovery of £13,089 to Bees United. The Society Board would like to place on record its appreciation of this gesture.

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