Portsmouth owner bailed

Vladimir Antonov, the Russian owner of Portsmouth Football Club and his business partner Raimondos Baranauskas were bailed until 16 December by Westminster Magistrates Court today (Friday).    They were arrested at their offices in Bishopgate on Thursday after the issue of a European Arrest Warrant.


They face an extradition request by the Lithuanian authorities in connection with alleged fraud and asset stripping at a Lithuanian bank.   Should they be convicted, the Lithuanian court could impose sentences of up to ten years’ imprisonment.

Uefa’s financial fair play dilemma

Uefa faces a series of dilemmas in terms of its enforcing Financial Fair Play (FFP) regulations.   If it doesn’t enforce them at all, it will look foolish and be weakened in relation to the top clubs.  But devising sanctions that bite without undermining the Champions League itself is a real test of ingenuity.

And now there are four

With the decision of Millwall to quit the stock market after 22 years as a public company there are now just four publicly listed clubs left.   Tottenham and Celtic are both on the second tier Alternative Investment Market (AIM) and Arsenal and Rangers are  on the small cap PLUS market.   Spurs was one of the first clubs to list.

What do lawyers think about financial fair play?

It’s always been my view that the fate of Uefa’s financial fair play regulations will be decided in the courts.   There is just too much at stake for a club who is sanctioned under them to accept the verdict without challenge.   It’s therefore interesting to see that lawyers anticipate that clubs would use every route available to them under commercial and competition law – and no doubt a good lawyer could find many.

The devil is in the detail

Predictably initial media reaction to yesterday’s European Court of Justice (ECJ) case involving Portsmouth publican Karen Murphy over simplified a complex set of issues.   Indeed, the only certainty in this matter is that the winners will be the lawyers who will pocket substantial fees in subsequent litigation.

European Court ruling won’t change much

Although the Premier League lost its case on football brodcasting in the European Court today, and hence Sky lost as well, the outcome will not change that much, at least in the short run, although no doubt further litigation will follow.