Seasider9601 wrote:Found guilty of fraud.
Now what for that lot down the road ??
https://www.blackpoolgazette.co.uk/news ... al-4150656
Gone_Shrimping wrote:If he does time I don't think it will harm Fleetwood.
He will probably transfer his shares either to a relative maybe his son or put them into a trust while he is at his majesty's pleasure. As long as someone can sign cheques it should mean Fleetwood are not in trouble. Whether the EFL can now say he is not a fit and proper person once he has been accepted I am not sure.
Phoenix Shrimp 2017 wrote:Many people have been defrauded over a number of years and I wouldn't be surprised if the authorities now go after him under the Proceeds of Crime Act. He's made a lot of money from dodgy dealings and they will no doubt view him as a worthwhile target to recover his ill gotten gains. This could potentially be the ruin of him.
KenH wrote:Phoenix Shrimp 2017 wrote:Many people have been defrauded over a number of years and I wouldn't be surprised if the authorities now go after him under the Proceeds of Crime Act. He's made a lot of money from dodgy dealings and they will no doubt view him as a worthwhile target to recover his ill gotten gains. This could potentially be the ruin of him.
Yes, they probably will, but proceeds of crime recovery usually takes years, so he won't have to pay anything back any time soon. The "immediate" issue for him will be that his assets may be frozen once proceeds of crime court cases start, but if the football club is sustainable without him pumping money it, it shouldn't affect the club at all. It'll only be years down the line when he has to repay monies that he may have to sell the club to raise funds, unless he has other assets that could be sold to clear the amount demanded, such as properties, cars, investments, etc.
mrpotatohead wrote:despite his terrible reputation their fans and staff have had a lot to thank him for, compared to the stuff served up by our owners.
KenH wrote:mrpotatohead wrote:despite his terrible reputation their fans and staff have had a lot to thank him for, compared to the stuff served up by our owners.
Nope, I couldn't be "thankful" for an owner who pumped "dirty" money into Morecambe, whatever the results/benefits. Success on the back of fraud/theft or any other illegality isn't acceptable in any form.
Gone_Shrimping wrote:There were some figures on twitter about weekly wage bills for players in EFL 1
It gave Fleetwood's weekly playing budget as £71,000. Can't see that being replicated if the chairman goes down.
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