Disclosure of owners in the Prem

Weegie Addick

I know it's all pie in the sky, dreamland at the moment, but do our new owners realise that they would have to come out of the shadows if we do make it back to the Premier League?

Leeds have just been warned that they will have to make full disclosure re their owners and directors if they get promoted - the PL rules are stricter than the FL ones.

Covered End

They must do. If they really wanted to remain anonymous they would sell up/do some sort of deal before we reached The Prem.

CAFCsayer

Im sure there's a way round it if they want to with directors owning stakes companies, who own companies, who own companies who own Charlton etc.

gilbertfilbert

It's going to be very interesting when Ken Bates' backers are disclosed. I doubt they can allow it to happen.

Off_it

Weegie, I admire your optimism.

Clem_Snide

Simple solution. They'll either sell us, pull the plug and close us down or as will be the case with Leeds, challenge it legally and win.

pioneer

I thought MS said that if they owned less than ten percent they didnt have to disclose. or is that just in FL?

Athletico Charlton

[cite]Posted By: pioneer[/cite]I thought MS said that if they owned less than ten percent they didnt have to disclose. or is that just in FL?

That is standard rules for ID&V, although different bodies (ie the PL) could request something tighter if they wanted i am sure.

Covered End

Leeds United will be required to reveal exactly who owns the club if they win promotion to the Premier League.

The club is currently operated by a West Indies-based holding company.

Premier League chairman Richard Scudamore said the Football League had not applied ownership disclosure rules as "robustly" as the Premier League.

He told a parliamentary committee: "Our clubs agree that we should tell the public who owns the clubs, and anything short of that is inadequate."

Scudamore was speaking on Tuesday to the Culture, Media and Sport parliamentary committee investigating the governance of football.

Last month, Leeds United chief executive Shaun Harvey told the committee that the club is owned by a holding company called FSF based in the West Indian island of Nevis, owned by three discretionary trusts.

The owners of these trusts are unknown but have appointed two men, Patrick Murrin and Peter Boatman, to run the club, with Ken Bates as chairman.

Leeds' ownership statement claims no single person or company owns more than 10% of the discretionary trusts. Leeds are currently fifth in the Championship hoping to win promotion back to the Premier League.

But Scudamore warned that that the Premier League would apply the rules on ownership transparency more rigidly than the Football League has done.

"The Football League have one view of how to interpret that rule and we have a more stern or harsh view of what the rule means," he warned.

"If it arises, if Leeds United on sporting merit deserves to be in the Premier League, we will do all we can to persuade them to stay within the rules."

tangoflash

By the time we get back to the premier league, they'll all have passed away with old age ;-)

Henry Irving

I understand the Football League already know who the mystery Charlton 49%ers are.

It doesn't say above that the ownership of Leeds has to be disclosed publicly, only disclosed. That could mean telling the PL and no one else.

oohaahmortimer

[cite]Posted By: Henry Irving[/cite]

It doesn't say above that the ownership of Leeds has to be disclosed publicly, only disclosed. That could mean telling the PL and no one else.

He told a parliamentary committee: "Our clubs agree that we should tell the public who owns the clubs, and anything short of that is inadequate."

Henry Irving

[cite]Posted By: oohaahmortimer[/cite]

[cite]Posted By: Henry Irving[/cite]

It doesn't say above that the ownership of Leeds has to be disclosed publicly, only disclosed. That could mean telling the PL and no one else.

He told a parliamentary committee: "Our clubs agree that we should tell the public who owns the clubs, and anything short of that is inadequate."

Fair enough, must stop speed reading : - )