Re: [LU] fit and proper
That Ridsdale story (almost in full) FORMER Leeds United and Barnsley chairman Peter Ridsdale has hinted he may take legal action over advice he received after being disqualified from acting as a company director for seven-and-a-half years. Mr Ridsdale also vowed to continue in his current role as chairman of football at Preston North End. His disqualification as a company director was announced yesterday after an investigation by the Insolvency Service into his role as a director of his consultancy business WH Sports Group. In a statement issued through Preston North End, he said: I can confirm that I have agreed a voluntary undertaking not to act as a company director as a result of ongoing issues with a personal matter which occurred in 2009. “I am currently undertaking a role of ‘Chairman of Football’ at Preston North End but am not a director nor at any time have I sought to be one. “The issues that have brought about this voluntary undertaking are currently in the hands of my lawyers who are dealing with all outstanding issues including the professional advice that was given to both myself and my personal company at the time.” Leeds United enjoyed one of its most successful periods under his tenure, including reaching the Champions League semi-finals. He has consistently argued that criticism aimed at him by fans in relation to the club's subsequent financial difficulties was unfair. ___ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email leedslist-unsubscr...@gn.apc.org PETE CASS (1962 - 2011) Rest In Peace Mate
[LU] Former football club chairman Peter Ridsdale banned as a director for over seven years
From the Insolvency Service's website http://news-insolvency.bis.gov.uk/Press-Releases/Former-football-club-chairman-Peter-Ridsdale-banned-as-a-director-for-over-seven-years-68112.aspx Former football club chairman Peter Ridsdale banned as a director for over seven years 03 October 2012 13:20 Insolvency Service Peter Ridsdale, the former chairman of Leeds United, Barnsley and Cardiff City football clubs, has been disqualified from acting as a company director for seven-and-a-half years, following an investigation by Company Investigations team in Manchester, part of The Insolvency Service. Mr Ridsdale, 60, of Carnforth, Lancashire, has given an undertaking to the Secretary of State for Business, Innovation and Skills (BIS) barring him from acting as a company director, and from managing or in any way controlling a company, from 19 October 2012 to 18 April 2020, due to his conduct as a director of W H Sports Group Limited (WHSG). Sophie Victoria Ridsdale, 45, Mr Ridsdale’s wife and co-director of WHSG, has also been disqualified after providing a similar undertaking which will run for three-and-a-half years from 19 October 2012 to 18 April 2016. Investigators found that WHSG traded from 2003 to 2007 and was used by Mr Ridsdale to provide sports and leisure consultancy services to football clubs. . The company went into liquidation on 22 April 2009 with assets of £22,592 and liabilities of at least £478,698, including £442,353 owed to HM Revenue Customs (HMRC). In signing the undertaking, Mr Ridsdale did not dispute that: · Between May 2007 and March 2009, he acted improperly and in breach of his duties to WHSG by causing payments totalling £347,000, received for invoices raised by WHSG for services provided to a football club of which he was the Chairman, to be paid into personal bank accounts held in his own name, to the detriment of WHSG and its creditors. · He also failed to disclose the relevant transactions to the liquidator of WHSG, who did not become aware of them until July 2010 when information was provided by the football club. · He failed to ensure that WHSG complied with its statutory obligations to make Corporation Tax, PAYE and National Insurance Contributions(NIC), and VAT, returns and payments to HMRC as and when they were due. At liquidation WHSG’s liabilities included £166,421 in unpaid Corporation Tax, £102,279, in unpaid PAYE and NIC, and £173,653 relating to unpaid VAT. · He failed to ensure that WHSG complied with its statutory obligations to prepare and file accounts with the Registrar of Companies by the due dates for three successive accounting periods. Commenting on Mr Ridsdale’s ban, Claire Entwistle, Director of Company Investigations North at The Insolvency Service, said: “As someone who has had many directorships, Mr Ridsdale ought to be aware of the responsibilities that come with such a position. The protection of limited liability is available to those who comply with their obligations as company directors. If those obligations are ignored, the protection will be withdrawn, as Mr Ridsdale has found to his cost. “One of the main purposes of the Company Directors Disqualification Act is to ensure that proper standards of conduct of company directors are maintained, and these disqualifications should serve as a reminder that The Insolvency Service will investigate unacceptable conduct and deal robustly with directors who harm creditors by using unacceptable financial practice. “ Ends Notes to Editors 1. W H Sports Group Limited was incorporated on 22 April 2003 and was placed into voluntary liquidation on 22 April 2009. 2. Disqualification undertakings have the same effect as disqualification orders made by a court, and are therefore legally binding. Without obtaining permission from a court, a disqualified person may not: act as a director of a company; take part, directly or indirectly, in the promotion, formation or management of a company; be a liquidator or administrator of a company; be a receiver or manager of a company’s property. Further information on director disqualifications and restrictions can be found on The Insolvency Service’s website, here. 3. The Insolvency Service administers the insolvency regime, investigating all compulsory liquidations and individual insolvencies (bankruptcies) through the Official Receiver, to establish why they became insolvent. The Service also authorises and regulates the insolvency profession; deals with disqualification of directors in corporate failures; assesses and pays statutory entitlement to redundancy payments when an employer cannot or will not pay employees; provides banking and investment services for bankruptcy and liquidation estate funds; and advises ministers and other government departments on insolvency law and practice. Further information about the work of The Insolvency Service is available from
Re: [LU] Former football club chairman Peter Ridsdale banned as a director for over seven years
Interesting! His wife is 15 years younger than him!! -Original Message- From: leedslist-boun...@gn.apc.org [mailto:leedslist-boun...@gn.apc.org] On Behalf Of swin...@yahoo.co.uk Sent: 04 October 2012 09:11 To: leedslist@gn.apc.org Subject: [LU] Former football club chairman Peter Ridsdale banned as a director for over seven years From the Insolvency Service's website http://news-insolvency.bis.gov.uk/Press-Releases/Former-football-club-chairm an-Peter-Ridsdale-banned-as-a-director-for-over-seven-years-68112.aspx Former football club chairman Peter Ridsdale banned as a director for over seven years 03 October 2012 13:20 Insolvency Service Peter Ridsdale, the former chairman of Leeds United, Barnsley and Cardiff City football clubs, has been disqualified from acting as a company director for seven-and-a-half years, following an investigation by Company Investigations team in Manchester, part of The Insolvency Service. Mr Ridsdale, 60, of Carnforth, Lancashire, has given an undertaking to the Secretary of State for Business, Innovation and Skills (BIS) barring him from acting as a company director, and from managing or in any way controlling a company, from 19 October 2012 to 18 April 2020, due to his conduct as a director of W H Sports Group Limited (WHSG). Sophie Victoria Ridsdale, 45, Mr Ridsdales wife and co-director of WHSG, has also been disqualified after providing a similar undertaking which will run for three-and-a-half years from 19 October 2012 to 18 April 2016. Investigators found that WHSG traded from 2003 to 2007 and was used by Mr Ridsdale to provide sports and leisure consultancy services to football clubs. . The company went into liquidation on 22 April 2009 with assets of £22,592 and liabilities of at least £478,698, including £442,353 owed to HM Revenue Customs (HMRC). In signing the undertaking, Mr Ridsdale did not dispute that: · Between May 2007 and March 2009, he acted improperly and in breach of his duties to WHSG by causing payments totalling £347,000, received for invoices raised by WHSG for services provided to a football club of which he was the Chairman, to be paid into personal bank accounts held in his own name, to the detriment of WHSG and its creditors. · He also failed to disclose the relevant transactions to the liquidator of WHSG, who did not become aware of them until July 2010 when information was provided by the football club. · He failed to ensure that WHSG complied with its statutory obligations to make Corporation Tax, PAYE and National Insurance Contributions(NIC), and VAT, returns and payments to HMRC as and when they were due. At liquidation WHSGs liabilities included £166,421 in unpaid Corporation Tax, £102,279, in unpaid PAYE and NIC, and £173,653 relating to unpaid VAT. · He failed to ensure that WHSG complied with its statutory obligations to prepare and file accounts with the Registrar of Companies by the due dates for three successive accounting periods. Commenting on Mr Ridsdales ban, Claire Entwistle, Director of Company Investigations North at The Insolvency Service, said: As someone who has had many directorships, Mr Ridsdale ought to be aware of the responsibilities that come with such a position. The protection of limited liability is available to those who comply with their obligations as company directors. If those obligations are ignored, the protection will be withdrawn, as Mr Ridsdale has found to his cost. One of the main purposes of the Company Directors Disqualification Act is to ensure that proper standards of conduct of company directors are maintained, and these disqualifications should serve as a reminder that The Insolvency Service will investigate unacceptable conduct and deal robustly with directors who harm creditors by using unacceptable financial practice. Ends Notes to Editors 1. W H Sports Group Limited was incorporated on 22 April 2003 and was placed into voluntary liquidation on 22 April 2009. 2. Disqualification undertakings have the same effect as disqualification orders made by a court, and are therefore legally binding. Without obtaining permission from a court, a disqualified person may not: act as a director of a company; take part, directly or indirectly, in the promotion, formation or management of a company; be a liquidator or administrator of a company; be a receiver or manager of a companys property. Further information on director disqualifications and restrictions can be found on The Insolvency Services website, here. 3. The Insolvency Service administers the insolvency regime, investigating all compulsory liquidations and individual insolvencies (bankruptcies) through the Official Receiver, to establish why they became insolvent. The Service also authorises and regulates the insolvency profession; deals with disqualification of directors in corporate failures; assesses and pays statutory entitlement to redundancy payments when an
Re: [LU] Former football club chairman Peter Ridsdale banned as a director for over seven years
Do I gat a sense of some moustache waxing and twirling going on? Damian ;) On Thu, Oct 4, 2012 at 10:31 AM, Matt Anderson m...@leeds-united.netwrote: Interesting! His wife is 15 years younger than him!! ___ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email leedslist-unsubscr...@gn.apc.org PETE CASS (1962 - 2011) Rest In Peace Mate
Re: [LU] Former football club chairman Peter Ridsdale banned as a director for over seven years
I do not have a moustache but I do have a wife who is 15 years younger than me! Jezz -Original Message- From: leedslist-boun...@gn.apc.org [mailto:leedslist-boun...@gn.apc.org] On Behalf Of Damian Walsh Sent: 04 October 2012 10:09 To: leedslist Subject: Re: [LU] Former football club chairman Peter Ridsdale banned as a director for over seven years Do I gat a sense of some moustache waxing and twirling going on? Damian ;) On Thu, Oct 4, 2012 at 10:31 AM, Matt Anderson m...@leeds-united.netwrote: Interesting! His wife is 15 years younger than him!! ___ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email leedslist-unsubscr...@gn.apc.org PETE CASS (1962 - 2011) Rest In Peace Mate ___ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email leedslist-unsubscr...@gn.apc.org PETE CASS (1962 - 2011) Rest In Peace Mate
Re: [LU] Former football club chairman Peter Ridsdale banned as a director for over seven years
I have one almost 8 years older! Sent from my BlackBerry® wireless device -Original Message- From: Jeremy Thorpe jezz.tho...@zen.co.uk Sender: leedslist-boun...@gn.apc.org Date: Thu, 4 Oct 2012 10:28:59 To: 'Damian Walsh'pussaydam...@gmail.com; 'leedslist'leedslist@gn.apc.org Subject: Re: [LU] Former football club chairman Peter Ridsdale banned as a director for over seven years I do not have a moustache but I do have a wife who is 15 years younger than me! Jezz -Original Message- From: leedslist-boun...@gn.apc.org [mailto:leedslist-boun...@gn.apc.org] On Behalf Of Damian Walsh Sent: 04 October 2012 10:09 To: leedslist Subject: Re: [LU] Former football club chairman Peter Ridsdale banned as a director for over seven years Do I gat a sense of some moustache waxing and twirling going on? Damian ;) On Thu, Oct 4, 2012 at 10:31 AM, Matt Anderson m...@leeds-united.netwrote: Interesting! His wife is 15 years younger than him!! ___ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email leedslist-unsubscr...@gn.apc.org PETE CASS (1962 - 2011) Rest In Peace Mate ___ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email leedslist-unsubscr...@gn.apc.org PETE CASS (1962 - 2011) Rest In Peace Mate ___ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email leedslist-unsubscr...@gn.apc.org PETE CASS (1962 - 2011) Rest In Peace Mate
Re: [LU] Former football club chairman Peter Ridsdale banned as a director for over seven years
Talking of, did anyone watch that documentary about Jimmy Saville last night? Sent from my iPhone On 4 Oct 2012, at 10:29, Jeremy Thorpe jezz.tho...@zen.co.uk wrote: I do not have a moustache but I do have a wife who is 15 years younger than me! Jezz -Original Message- From: leedslist-boun...@gn.apc.org [mailto:leedslist-boun...@gn.apc.org] On Behalf Of Damian Walsh Sent: 04 October 2012 10:09 To: leedslist Subject: Re: [LU] Former football club chairman Peter Ridsdale banned as a director for over seven years Do I gat a sense of some moustache waxing and twirling going on? Damian ;) On Thu, Oct 4, 2012 at 10:31 AM, Matt Anderson m...@leeds-united.netwrote: Interesting! His wife is 15 years younger than him!! ___ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email leedslist-unsubscr...@gn.apc.org PETE CASS (1962 - 2011) Rest In Peace Mate ___ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email leedslist-unsubscr...@gn.apc.org PETE CASS (1962 - 2011) Rest In Peace Mate ___ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email leedslist-unsubscr...@gn.apc.org PETE CASS (1962 - 2011) Rest In Peace Mate
Re: [LU] Interesting early season stats
Score lots and concede lots - great viewing for a neutral - and even perhaps us, as long as we're on the right end of a high goals tally. Dave ___ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email leedslist-unsubscr...@gn.apc.org PETE CASS (1962 - 2011) Rest In Peace Mate
Re: [LU] Former football club chairman Peter Ridsdale banned as a director for over seven years
didn't some money rest in Father Ted's account...? On 04 October 2012 at 09:10 swin...@yahoo.co.uk wrote: From the Insolvency Service's website http://news-insolvency.bis.gov.uk/Press-Releases/Former-football-club-chairman-Peter-Ridsdale-banned-as-a-director-for-over-seven-years-68112.aspx Former football club chairman Peter Ridsdale banned as a director for over seven years ___ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email leedslist-unsubscr...@gn.apc.org PETE CASS (1962 - 2011) Rest In Peace Mate
[LU] Ridsale: From the best blog
PETER RIDSDALE THE QUESTION OF WHAT CONSTITUTES A CHAIRMAN OR DIRECTOR From www.twohundredpercent.net 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 GBP478,698, of which the overwhelming majority GBP442,353 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 GBP347,000 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 companys 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 tax payments were made by the company. Unpaid tax at the time of the liquidation of WHSG included GBP166,421 in corporation tax, GBP102,279 in income tax and national insurance, and GBP173,653 in VAT. Failure to make sure the business filed accounts with Companies House on three consecutive occasions. As we can see, this is a report the findings of which hardly paint his actions in a very favourable light. Indeed, Claire Entwistle, the Director of Company Investigations North at the Insolvency Service, commented that, As someone who has had many directorships, Mr Ridsdale ought to be aware of the responsibilities that come with such a position. In addition to Ridsdales disqualification, his wife Sophie has also been disqualified from acting as a company director for three and a half years from 19 October 2012. It is a squalid story in some respects, but this, we might ponder, is very much the nature of business these days. What, though, of his continuing in football? Ridsdale was appointed as the Chairman of Football one might even suspect that todays eventualities could easily have been the reason behind why he was given such an unusual title in the first place at Preston North End in December 2011, and it is claimed that the of football aspect of this appointment, along with his claim to have informed the Football League of the events which came to pass today, will protect his position at Deepdale, though it is also worth noting that, apart from having a Chairman of Football, Preston North End doesnt have a Chairman. The question of what the Football League or the Football Association might make of it all, however, has not yet been answered by the authorities. The club itself has, at the time of writing, yet to issue a public statement on the subject beyond stating that We are aware of it but cannot say anything at the moment, but the Football League has confirmed that it is to investigate his position, presumably with a view to establishing how his continuing position at the club levels with the Football Associations Fit Proper Persons Test. The Football Leagues own regulations on the subject have this to say on the subject of what constitutes a Director: Club Director means in respect of any Club any individual Person (and not any Entity) operating the powers that are usually associated with the powers of a director of a company incorporated under the 2006 Act (as a Company limited by shares or by guarantee). Without prejudice to the generality of the foregoing, the following individuals shall be deemed to qualify as a Club Director: (g) a person in accordance with whose directions or instructions the persons constituting the management of the Club are accustomed to act; (h) a person who exercises or is able, legally or beneficially, to exercise Control over the affairs of the Club So, Part G above seems to clarify that merely being listed at Companies House as a director of a football club doesnt mean that an individual shouldnt be treated as one if they are effectively acting as one. The Football Association, for its part, specifically describes three types of Company Director in its publication, A Guide To Directors Duties And Obligations: Executive Director: this is a director who carries out executive functions within the Company (for example as the Chief Executive Officer or Chief Financial Officer) and is usually a
