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Casino Money Helps Leeds United's Debt

LONDON – As reported by Reuters: "Four days after a multi-million pound windfall, Leeds United have lopped another five million pounds off their debts after selling land to a casino developer, the club has said.

"Leeds, who started last week with debts of 40 million pounds after two years of financial problems, announced a sale and 25-year lease-back deal on Thursday for their Thorp Arch training ground which netted four million pounds.

"On Monday, the board whose consortium rescued the club from collapse in March, issued a statement saying it had sold disused land adjacent to their Elland Road ground to a casino company…"

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