So if I have understood you correctly 777 could buy Everton (somehow) and then fail the "fit and proper" test ? If that is correct surely the PL/FA have advised 777 they are likely to fail the 'fit and proper' test so why are they apparently still putting money into Everton and why are they apparently still trying to buy them ? Doesn't make sense to me.
Can we take a moment to laugh heartily at Everton?
- Thread starter King of Otters
- Start date
SirHarryHotspur
Well-Known Member
- Aug 9, 2017
- 5,223
- 7,807
When the regulator comes into being will the following be enforced , will we get owners barred..
To address corporate governance issues in football, the Regulator will establish a compulsory ‘Football Club Corporate Governance Code’.
To date, the poor internal governance at some clubs has allowed owners to act unilaterally, pursuing short-term interests with little accountability or scrutiny. Under the new regulatory system, clubs will be required to apply a new code and report on how they have applied it, to improve transparency and accountability. The code will be applied proportionally, with regard to the size, league and complexity of the club’s business model, and where risk may exist as a result of weak corporate governance.
To address corporate governance issues in football, the Regulator will establish a compulsory ‘Football Club Corporate Governance Code’.
To date, the poor internal governance at some clubs has allowed owners to act unilaterally, pursuing short-term interests with little accountability or scrutiny. Under the new regulatory system, clubs will be required to apply a new code and report on how they have applied it, to improve transparency and accountability. The code will be applied proportionally, with regard to the size, league and complexity of the club’s business model, and where risk may exist as a result of weak corporate governance.
spursfan77
Well-Known Member
- Aug 13, 2005
- 46,699
- 104,988
No.
They can’t stop a takeover and can’t stop them putting money in via loans for the stadium. .
They have put in three rules to satisfy for the fit owners test, none of which 777 have yet to do. If they had, they would own the club.
Tucker
Shitehawk
- Jul 15, 2013
- 31,537
- 147,620
Looks like the loans from 777 pending their take over are the only thing stopping them going into administration.
They’re fucked.
easley91
Well-Known Member
- Jan 27, 2011
- 19,191
- 55,033
Didn't realise it was this bad.
Thanks.
Again if I have understood correctly the FA/PL cannot stop a takeover but they can stop Everton continuing to play in the PL if/when 777 fail the 'fit and proper' test ?