The Football League is continuing to investigate the takeover of Notts County by a group of investors said to have backing from the Middle East, two months after the completion of the deal. League officials have been handed information by the new owners in order to meet the fit and proper person test. New owners in the Football League complete a self-certification form after takeovers are completed, but it is understood that the information from Notts County had been slow to arrive. The identity of the new owners of the oldest professional club in the world remains unclear.
The Football League is continuing to investigate the takeover of Notts County by a group of investors said to have backing from the Middle East, two months after the completion of the deal. League officials have been handed information by the new owners in order to meet the fit and proper person test. New owners in the Football League complete a self-certification form after takeovers are completed, but it is understood that the information from Notts County had been slow to arrive. The identity of the new owners of the oldest professional club in the world remains unclear. The supporters’ trust at the club agreed to donate its shares to Munto Finance. Munto, registered in the British Virgin Islands, is a subsidiary of Qadbak Investments. Qadbak last week emerged as the new owner of the Formula One BMW Sauber team. Qadbaak was described by BMW as ‘a Swiss-based foundation which represents the interests of certain Middle East and European-based families.’ One of Munto’s directors, Peter Williams, has links to a Dubai investment group. The Government is considering giving football authorities powers to access offshore bank accounts so they can track the money trail of new club owners.
Related Articles
Notts County Backed by Creepy Conglomerate All Along – The Daily Mash
NOTTS County have admitted their mystery backer has been old man Qadbak Investments this whole time…
Eriksson Comes On The Cheap – 13/08/2009
Newly wealthy Notts County have got director of football Sven Goran Eriksson on the cheap. His basic salary is ‘only’ £250,000 a year…
Middle East Consortium Acquires League 2 Club – 09/07/2009
In one of the more unlikely recent football takeovers, a Middle East consortium has bought Notts County…