Originally Posted by
Ninian1962
The only way to get the embargo lifted is to persuade the EFL board of directors to reverse their decision to keep the embargo in place even if CCFC pay the remaining transfer fee instalments. The club are trying to do this but the very dodgy Peter Ridsdale is one of those board members and he has a grudge against the club.
The grudge came about after PR left the club, having just paid himself through his consultancy company W H Sports Ltd. a ｣500k share bonus for getting the new stadium planning permission (he actually took the bonus before the planning was formally granted). When WH Sports went into liquidation owing many hundreds of ｣000s to HMRC , the shares were missing from his sworn statement of assets and liabilities. The liquidator of the company them did some investigation work and made enquiry of CCFC who were duty bound under the law to provide him with dates and amounts details about the shares PR had received . It resulted in the liquidator taking legal action against PR and eventually recovering about ｣250k in cash from him.
In addition to having to pay back the money PR`s conduct was reported on by the liquidator and he was disqualified by the court for 7 years as being unfit to be a director or involved in the management of a limited company. ( don`t start me off on why he continued as such at PNE by just changing the name of his role to "advisor to the owner" or why the EFL then considered him fit to be one of their main board directors after his disqualification period ended).
So CCFC`s information to the liquidator which, as I said, they were obliged to provide, got PR into trouble and he is likely to do anything he can to cause trouble for the club - including recently acting as a witness for Sam Hammam in his legal action against the club.
Allegedly, CCFC have also written to PR recently requesting that he desist from "leaking" confidential information that he receives about CCFC and its legal actions in his role on the EFL board.
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