The Derby County Group went through a complex reorganisation which was structured for legal and tax reasons (so at least one owner knows the value of advice!), but resulted in a fairly simple outcome. The split resulted in three parts, the 'Football Part (GN203)", the "Stadium Part (GN204)" and the "Debt Part (Sevco 5113)", all owned by Morris but in separate chains.
The latter is actually interesting in that Morris effectively wrote off £55 million that he had lent the club, possibly as part of planning for the disposal of the "Football Part" and the "Stadium Part"?