Elstone was asked whether any member of the board had ever invested a penny into the club, he said they hadn't.
Elstone denied that Keith Harris, Seymour Pierce or anyone had been instructed by the club or Mr Kenwright to find a buyer.
He was asked by someone representing the combined authorites whether the board had ever considered reducing their ownership to 51% (currently own around 76%) and re-investing the money into stadium redevelopment from the shares into the club (via loan for example), Elstone said they hadn't.