From the article...
"Now BES is under an Ofgem investigation.
And Pilley still owns the football club. The EFL handbook says people are disqualified from being the director of a club if they are sentenced to longer than 12 months in prison, so Pilley is no longer a formal director of Fleetwood Town; he resigned upon his conviction last year and his two children, Jamie, 27, and Melissa, 19, have taken his place.
A statement on the Fleetwood website, though, says that a company called Jaymel Limited owns 97 per cent of the club.
The UK’s online company register details that there is only one “person with significant control” of Jaymel Limited: Andy Pilley, who has 75 per cent or more of the shares and voting rights and the “right to appoint and remove directors”.
The EFL Owners’ and Directors’ Test says the definition of a director includes “a person having control over a club”.
When an owner is convicted, the owner will need to divest their shares within 28 days of receiving “written receipt” from the league — but nine months on from Pilley’s conviction, although he has resigned as a formal director, he is still the owner of the club. The EFL and Fleetwood say this is an ongoing process.
The issue with Fleetwood Town is not what the money is being spent on or how the club is being run, it is where the money came from in the first place: companies owned by a man who has now been jailed for serious crimes.
However, the future looks uncertain regarding Pilley and his companies, with legal action bubbling against BES.
Phoenix Solicitors, a law firm based in Merseyside, says clients of BES Utilities “may be owed tens of thousands of pounds” in compensation and is encouraging people to get in touch.
And if any Ofgem fine or any other fallout from the frauds was big enough to threaten BES’ future, the club might lose its main sponsor."
Much more in the article.
theathletic.com
