' Peter Ridsdale '
Sat May 29, 2021 9:17 am
Sky Sports & Daily Mail
Saturday 29th May 2021
Former Cardiff City chairman Peter Ridsdale was banned as a company director and is now a main contender to join the EFL Board.
Preston's Peter Ridsdale and Stoke chief executive Tony Scholes have emerged as the main contenders to join the EFL Board in what could be an intriguing election for the Championship clubs next month
October 2012
Football club chairman Peter Ridsdale has been disqualified from acting as a company director for seven and a half years, the Insolvency Service has said.
His sports consultancy collapsed in 2009 owing £442,353 in tax.
An inquiry found that the 60-year-old channelled payments from football clubs into his personal bank account instead of a company account.
Mr Ridsdale, now chairman of Preston North End, said his lawyers were studying advice he was given.
The ban follows an Insolvency Service investigation. The finding does not relate to his footballing duties as chairman of various clubs.
Mr Ridsdale said the disqualification, for which he has given an undertaking, was "a result of ongoing issues with a personal matter which occurred in 2009".
Future in football
The ban prevents Mr Ridsdale from acting as a director, but also from taking part - directly or indirectly - in the promotion, formation or management of a company.
A spokesman for the Insolvency Service said: "It is up to Mr Ridsdale or the club to decide what his work is and whether or not he is involved in the management or control of the club. We do not know what his terms and conditions are."
Saturday 29th May 2021
Former Cardiff City chairman Peter Ridsdale was banned as a company director and is now a main contender to join the EFL Board.
Preston's Peter Ridsdale and Stoke chief executive Tony Scholes have emerged as the main contenders to join the EFL Board in what could be an intriguing election for the Championship clubs next month
October 2012
Football club chairman Peter Ridsdale has been disqualified from acting as a company director for seven and a half years, the Insolvency Service has said.
His sports consultancy collapsed in 2009 owing £442,353 in tax.
An inquiry found that the 60-year-old channelled payments from football clubs into his personal bank account instead of a company account.
Mr Ridsdale, now chairman of Preston North End, said his lawyers were studying advice he was given.
The ban follows an Insolvency Service investigation. The finding does not relate to his footballing duties as chairman of various clubs.
Mr Ridsdale said the disqualification, for which he has given an undertaking, was "a result of ongoing issues with a personal matter which occurred in 2009".
Future in football
The ban prevents Mr Ridsdale from acting as a director, but also from taking part - directly or indirectly - in the promotion, formation or management of a company.
A spokesman for the Insolvency Service said: "It is up to Mr Ridsdale or the club to decide what his work is and whether or not he is involved in the management or control of the club. We do not know what his terms and conditions are."
You do not have the required permissions to view the files attached to this post.
Re: ' Peter Ridsdale '
Sat May 29, 2021 9:20 am
Former Cardiff City chairman Peter Ridsdale banned as company director
Insolvency Service gives Ridsdale seven-and-a-half year ban
Relates to payments during his chairmanship of Cardiff City
Peter Ridsdale
The ex-Cardiff chairman Peter Ridsdale has been banned as a company director for seven-and-a-half years. Photograph: James
Guardian staff
Wed 3 Oct 2012 16.41 BST
Peter Ridsdale, the former Cardiff City, Leeds United and Barnsley chairman, has been banned from holding any company directorships for seven-and-a-half years after an investigation into financial irregularities.
The Insolvency Service's inquiry related to payments totalling £347,000 made to Ridsdale by Cardiff between May 2007 and March 2009, which should have been directed to his company WH Sports Group.
The inquiry found the sums were in fact paid into personal bank accounts in Ridsdale's name, while WHSG was liquidated with significant tax debts.
Ridsdale's wife Sophie, a co-director of WHSG, has also been disqualified, with her ban expiring in April 2016.
The Insolvency Service said in a statement: "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, 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.
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."
Ridsdale said in a statement: "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."
Insolvency Service gives Ridsdale seven-and-a-half year ban
Relates to payments during his chairmanship of Cardiff City
Peter Ridsdale
The ex-Cardiff chairman Peter Ridsdale has been banned as a company director for seven-and-a-half years. Photograph: James
Guardian staff
Wed 3 Oct 2012 16.41 BST
Peter Ridsdale, the former Cardiff City, Leeds United and Barnsley chairman, has been banned from holding any company directorships for seven-and-a-half years after an investigation into financial irregularities.
The Insolvency Service's inquiry related to payments totalling £347,000 made to Ridsdale by Cardiff between May 2007 and March 2009, which should have been directed to his company WH Sports Group.
The inquiry found the sums were in fact paid into personal bank accounts in Ridsdale's name, while WHSG was liquidated with significant tax debts.
Ridsdale's wife Sophie, a co-director of WHSG, has also been disqualified, with her ban expiring in April 2016.
The Insolvency Service said in a statement: "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, 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.
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."
Ridsdale said in a statement: "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."
You do not have the required permissions to view the files attached to this post.
Re: ' Peter Ridsdale '
Sat May 29, 2021 4:33 pm
He never paid our taxes either nearly broke us , he ripped us off something terrible and Leeds supporters warned us too
He also caused the massive issue with Sam Hamman who many supporters still feel Sam was a problem it was not Sam he loved Cardiff City and deeply wanted to be a success however the biggest mistake was bringing in Ridsdale who ripped Sam off and us as supporters back then.
Ridsdale should be allowed near a football club after what he done to Leeds and Us
He also caused the massive issue with Sam Hamman who many supporters still feel Sam was a problem it was not Sam he loved Cardiff City and deeply wanted to be a success however the biggest mistake was bringing in Ridsdale who ripped Sam off and us as supporters back then.
Ridsdale should be allowed near a football club after what he done to Leeds and Us
Re: ' Peter Ridsdale '
Sun May 30, 2021 6:49 am
i find it disturbing that given his past record in football he could even be up for a place on the board....he would be part of the team that looks into the fit and proper test to see if someone could take over a football club....he would also be involved into looking into corruption at certain football clubs....
Re: ' Peter Ridsdale '
Sun May 30, 2021 10:22 am
valleyrambill wrote:He never paid our taxes either nearly broke us , he ripped us off something terrible and Leeds supporters warned us too
He also caused the massive issue with Sam Hamman who many supporters still feel Sam was a problem it was not Sam he loved Cardiff City and deeply wanted to be a success however the biggest mistake was bringing in Ridsdale who ripped Sam off and us as supporters back then.
Ridsdale should be allowed near a football club after what he done to Leeds and Us
how did he rip you off...?