Peter Ridsdale & The Question Of What Constitutes A “Chairman” Or “Director”

We could argue, perhaps, that there is one set of rules for the well-to-do and another for the rest of us. Peter Ridsale, latterly of Leeds United, Barnsley, Cardiff City, Plymouth Argyle and currently at Preston North End, has been disqualified from acting as a company director for seven and a half years following an investigation carried out by Insolvency Service into the collapse of into the collapse of his company WH Sports Group Limited (WHSG), which provided sports and leisure consultancy services to football clubs from 2003 on. This company collapsed into administration in 2009 owing almost £478,698, of which the overwhelming majority – £442,353 – was owed to HMRC in form or another. If that money had, say, been illegally claimed in benefits, the guilty party would probably looking at a lengthy jail term for his actions. Tax and insolvency law, however, are different. The findings of the investigations – and the below is a list that was not disputed by Ridsdale himself – ran as follows: Payments totalling £347,000 for services provided by WHSG to a football club at which he was chairman, being paid into his personal bank account between May 2007 and March 2009 instead of to the company’s account. Non-disclosure of relevant transactions to the companys liquidator, who was subsequently told of these transactions by the football club itself. Failure to ensure that...

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