That's not correct. S4C freehold will be wholly owned by the Prates. TCFC will just pay an annual rent of £18K. Helical paid £2M to Cornwall Council to be held in trust as a payment on Truro City's behalf towards either the S4C or an alternative permanent location. In addition to this Helical paid £2M+ (I think it was about £2.6M) into TCFC club accounts from which the owners repaid themselves all the money they had put into the club in the form of Directors Loans. There is very little cash left over and from looking at the published accounts the club seems to make a £250K annual operating loss. All in all, not a great business proposition unless, as rumoured, the Pirates are to buy TCFC and manage (against what will surely be strong Cornwall FA opposition) to rebrand the club as the Cornish Tigers.