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History for Big Pete 65

Phoenix Ownership - Rob says FTFFA (Part 1)

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Posted October 02, 2011 22:05 · last edited March 18, 2021 07:33

Business- it's often a murky world...
Interesting to see Nick Ward re-signing for the Nix after a bad experience witha dodgier than dodgy club in Greece (a major club with a long history in the top flight over there who are resorting to corrupt practices to stay afloat).

"Greek club Iraklis Thessaloniki  are in turmoil, having been relegated twice in May for failing to obtain a licence and being found guilty of forgery during the winter transfer window.

Then last month Iraklis were stripped of their professional licence and were demoted further to the semi-professional Delta Ethniki league."

 
The grass aint always greener...and Terry's mess is nothing compared to the shenanigans of club owners overseas. Many of these Russian oligarchs who own major clubs in Europe have engaged in extremely murky business dealings...also many of the Asian owners...
Birmingham City where Chris Wood is on loan are facing major problems due to a dodgy owner: Guardian 29/6/11:

"Birmingham City have been plunged into crisis after Carson Yeung, the club's president and largest single shareholder, was arrested by Hong Kong police over allegations in relation to money-laundering. The 51-year-old was detained in custody after being charged with five counts of "dealing with property known or believed to represent proceeds of an indictable offence".

Yeung, who has a 23.3% stake in the Championship club and is chairman of its parent company, Birmingham International Holdings Limited, is due to appear in court on Thursday. Peter Pannu, Birmingham's acting chairman, said Yeung was assisting Hong Kong police in relation to criminal investigations which, at this stage, he believes do not have any connection to the operation of the parent company or any of its subsidiaries.

News of Yeung's arrest is, however, a major embarrassment for the club and will prompt fresh concerns about the ownership structure at St Andrew's. The Football League has confirmed that it is closely monitoring the situation and will continue to do so before deciding whether to take any action."  A trial is upcoming and he can't leave HK...

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Unknown editor edited March 18, 2021 07:33

Business- it's often a murky world...

Interesting to see Nick Ward re-signing for the Nix after a bad experience witha dodgier than dodgy club in Greece (a major club with a long history in the top flight over there who are resorting to corrupt practices to stay afloat).

"Greek club Iraklis Thessaloniki  are in turmoil, having been relegated twice in May for failing to
obtain a licence and being found guilty of forgery during the winter transfer
window.

Then last month Iraklis were stripped of their professional licence and were demoted further to the semi-professional Delta Ethniki league."

 
The grass aint always greener...and Terry's mess is nothing compared to the shenanigans of club owners overseas. Many of these Russian oligarchs who own major clubs in Europe have engaged in extremely murky business dealings...also many of the Asian owners...
Birmingham City where Chris Wood is on loan are facing major problems due to a dodgy owner: Guardian 29/6/11:

"Birmingham City have been plunged into crisis after Carson Yeung, the club's president and largest single shareholder, was arrested by Hong Kong police over allegations in relation to money-laundering. The 51-year-old was detained in custody after being charged with five counts of "dealing with property known or believed to represent proceeds of an indictable offence".

Yeung, who has a 23.3% stake in the Championship club and is chairman of its parent company, Birmingham International Holdings Limited, is due to appear in court on Thursday. Peter Pannu, Birmingham's acting chairman, said Yeung was assisting Hong Kong police in relation to criminal investigations which, at this stage, he believes do not have any connection to the operation of the parent company or any of its subsidiaries.

News of Yeung's arrest is, however, a major embarrassment for the club and will prompt fresh concerns about the ownership structure at St Andrew's. The Football League has confirmed that it is closely monitoring the situation and will continue to do so before deciding whether to take any action."  A trial is upcoming and he can't leave HK...