chip
Active member
Saw this in FT, will it do anything? Sorry, behind paywall so only opening paragraphs:
www.ft.com
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.
https://www.ft.com/content/64389b93-0ecf-43bc-9f07-0452b1d11df0
The Premier League is drawing up a formal process to force “bad” football club owners to sell their shares, following Roman Abramovich’s chaotic exit from Chelsea last year. The English top flight is in talks with its members about introducing a so-called divestment protocol, according to four people with knowledge of the matter. This would set out a process for club owners to exit in cases when the league bars them from serving as directors owing to “disqualifying events”. The discussion follows moves by the Premier League to toughen up its so-called owners’ and directors’ test, which assesses whether someone is fit to buy into a club. Disqualifying events, which can be appealed, now include human rights abuses and an extended list of criminal offences such as violence, corruption, fraud and tax evasion.
Premier League to set out protocol forcing ‘bad’ owners to sell | Financial Times
English top flight discusses divestment process if individuals are barred as directors
www.ft.com
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.
https://www.ft.com/content/64389b93-0ecf-43bc-9f07-0452b1d11df0
The Premier League is drawing up a formal process to force “bad” football club owners to sell their shares, following Roman Abramovich’s chaotic exit from Chelsea last year. The English top flight is in talks with its members about introducing a so-called divestment protocol, according to four people with knowledge of the matter. This would set out a process for club owners to exit in cases when the league bars them from serving as directors owing to “disqualifying events”. The discussion follows moves by the Premier League to toughen up its so-called owners’ and directors’ test, which assesses whether someone is fit to buy into a club. Disqualifying events, which can be appealed, now include human rights abuses and an extended list of criminal offences such as violence, corruption, fraud and tax evasion.
