[Archived] Venky's Ownership Under Scrutiny In Indian Press

[longsiders1882]

The current fit and proper test is a derivative of the UK company law test.

It's main objective is to ensure you are not disqualified from being a director, are not bankrupt etc. Although the PL have added a few caveats, in essence it remains the same. It is not designed to see if you have the funds or the competence to run a club - merely that you are not barred from doing so. And lest we forget, in theory at least, football clubs are in the main limited companies and, in common with all other companies, should be run within their own means (it is actually an offence to knowingly trade whilst insolvent!) - there is no reason for any test to establish you have millions to pump in, that would be tantamount to the leagues saying we run our competition on the basis that participating clubs cannot actually sustain themselves.

[Maps]

I fear for our future under Venkys

[Plastic Head]

Robert Mugabe would pass it, Nelson Mandela would not.

Are you suggesting RM should buy the Rovers?

I hate to think what would happen to Kean when he lost the next game...

[broadsword]

Fine by me ...

[old darwen blue]

Are you suggesting RM should buy the Rovers?

I hate to think what would happen to Kean when he lost the next game...

I wouldn't

[SAS]

Didn't Karl Oyston have to step down or something last season when one of his companies went under??

[krypton1980]

Didn't Karl Oyston have to step down or something last season when one of his companies went under??

Only for around 2 months while he faced bankruptcy charges, the case was annulled, he later returned as chairman.

Blackpool FC can confirm that, with effect from 1600 BST on Tuesday 12 October 2010, the bankruptcy order dated 18 August 2010 made against former chairman Karl Oyston, has been annulled.

The annulment order reverses the effect of the bankruptcy order as if it had never been made.