Lord Edgington
Patron
Out of curiosity
Do the overall numbers account for the entire sources and methods of salary. Such as bonuses, share allocations, company vehicle(s) etc ?
Is Peter Ridsdale doing a good job? (Poll)
- Thread starter Bobbage
- Start date
Out of curiosity
Do the overall numbers account for the entire sources and methods of salary. Such as bonuses, share allocations, company vehicle(s) etc ?
If the salary quoted is correct then you can understand why he continues to sneer at the minions ( a.k.a. supporters) and why he will do everything he can to keep the job and pension cash running. Wonder if he is claiming his government pension and fuel allowance on top ?
Rally Monkey
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I voted yes. This does not mean he gets everything right, for instance like most on here I cannot understand why Lowe was not sacked at the end of last season, but no managers get everything right, it is about averages, and I think he gets more right than he gets wrong. Football is about hope. My guess is that the majority of championship clubs fans would say that there owners are doing poorly becuase their hopes are not being fulfilled. It is a sign of the Trumpion times.
What exactly does he get right?
Thracia
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"Club does not help itself by being opaque with disclosures".
Lord Edgington
Patron
Agreed
As it seems do others, I think a table of core salary will not reveal the overall numbers
Just a reminder that he said on national radio that he tried to persuade the previous manager to stay.
Just a reminder that he’s not the owner.
Just a reminder of how many players have been allowed to run down their contracts.
Just a reminder that we spent all our transfer budget on a player we didn’t need when we didn’t have a manager.
Just a reminder of the sermons delivered when we need telling we don’t know what we’re talking about.
Just a reminder of what he’s done at other clubs.
Just a reminder of his court record.
Lord Edgington
Patron
Romanus gohomus
Last edited:
'Romani Ite Domum'
Now, write it out a hundred times. If it's not done by teatime, I'll cut your balls off.
🤦🏻♂️ there’s just no hope for some of our fans, forever resigned to the way things are and that ONLY CH/PR can run the club.
*Correction - he HAS got more wrong than he has got right, that is why we are in this state and it has been a long time coming.
The fans aren’t kicking off just because we haven’t or aren’t achieving promotion - it’s everything to do with the club and the fact week in, week out we are being served up shite whilst being told something else by the owners.
Meldrew's Ghost
Patron
Compare Ridsdale's apparent salary from Hemway Limited with that of Preston City Council's CEO.
The latter is on a maximum of £110k p.a. for managing over 600 people delivering a diverse range of services to a customer base of nearly 150,000.
The idea that Ridsdale presents value for money for the club is a joke.
Although I absolutely agree, I would argue virtually all employees of a football club (on the playing side) could fall into the same criteria. The wages of players, management, coaches and directors of football (or whatever they’re called) are vastly beyond the value for money mark.
Also, if we were paying performance related pay, some would owe their clubs money!
Lord Edgington
Patron
The PM earns £172k.
The CEO of bet 365 earns over £200M
I guess it’s all relative
I think WLD’s thoughts above are on the mark, from a PRP perspective the PM is way overpaid 🤔
Further confirmation of the desire to piss money away without any return. There is no way on earth that Ridsdale justifies that salary.
pnewortham
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A bit of light reading from ChatGPT:
Q1: Does Preston North End comply with EFL regulations on club ownership?
As of now, Preston North End appears to be complying with EFL regulations on club ownership.
The club has publicly disclosed that it is owned by the Conway Trust. While the specific details of the trust's beneficiaries may not be publicly available, this level of transparency meets the basic requirements of the EFL's Owners' and Directors' Test.
However, it's important to note that football governance is a constantly evolving landscape, and specific regulations can change over time. It's always advisable to refer to the latest EFL regulations and any relevant updates to ensure full compliance.
Q2: Does isle of man law prohibit the names of trustees from being publicly disclosed?
The Isle of Man law does not explicitly prohibit the disclosure of trustee names. However, it does provide flexibility for trustees to determine who can access trust information, which may include the names of trustees.
The Trusts and Trustees Act 2023 grants trustees the power to decide who can request disclosure of trust information, subject to certain limitations and potential court intervention. This means that in some cases, trustee names may not be publicly disclosed, especially if the trust instrument restricts access to such information.
Ultimately, the specific circumstances of each trust will determine whether trustee names are disclosed. It's advisable to consult with a legal professional to understand the specific provisions of the trust instrument and applicable laws.
Q3. Does isle of man law prohibit the names of trustees from being publicly disclosed, in respect of EFL football club ownership?
Under Isle of Man law, there are privacy protections for trustees, but the disclosure requirements can be complex, especially if the trust owns a business subject to regulatory oversight, such as an EFL football club.
Thus, Isle of Man law does not prohibit the disclosure of ownership details to regulators, like the EFL, which may require the identification of individuals who control the club, regardless of the privacy afforded to trustees under trust law.
___________
So, depending what question you ask, you can get different answers, but one thing's for sure - ownership of the club by the Conway Trust is complicated, and appears to provide plenty of scope for not revealing the names of the trustees and ultimate owners.
Therefore the statement on our website https://www.pnefc.net/company-details probably (?) represents the limit of whatever legal teeth the EFL have, when it comes to transparency of ownership.
Q1: Does Preston North End comply with EFL regulations on club ownership?
As of now, Preston North End appears to be complying with EFL regulations on club ownership.
The club has publicly disclosed that it is owned by the Conway Trust. While the specific details of the trust's beneficiaries may not be publicly available, this level of transparency meets the basic requirements of the EFL's Owners' and Directors' Test.
However, it's important to note that football governance is a constantly evolving landscape, and specific regulations can change over time. It's always advisable to refer to the latest EFL regulations and any relevant updates to ensure full compliance.
Q2: Does isle of man law prohibit the names of trustees from being publicly disclosed?
The Isle of Man law does not explicitly prohibit the disclosure of trustee names. However, it does provide flexibility for trustees to determine who can access trust information, which may include the names of trustees.
The Trusts and Trustees Act 2023 grants trustees the power to decide who can request disclosure of trust information, subject to certain limitations and potential court intervention. This means that in some cases, trustee names may not be publicly disclosed, especially if the trust instrument restricts access to such information.
Ultimately, the specific circumstances of each trust will determine whether trustee names are disclosed. It's advisable to consult with a legal professional to understand the specific provisions of the trust instrument and applicable laws.
Q3. Does isle of man law prohibit the names of trustees from being publicly disclosed, in respect of EFL football club ownership?
Under Isle of Man law, there are privacy protections for trustees, but the disclosure requirements can be complex, especially if the trust owns a business subject to regulatory oversight, such as an EFL football club.
Key Points to Consider:
- General Privacy of Trustees under Isle of Man Trust Law:
- Isle of Man law provides significant privacy for the identities of trustees. Trustees' names are generally not required to be publicly disclosed unless specific circumstances arise.
- Trusts in the Isle of Man benefit from strong confidentiality, especially when the trust is structured in a way that avoids public reporting, such as through private companies or other entities.
- EFL Ownership and Disclosure Requirements:
- EFL Owners' and Directors' Test: If a football club, such as one in the EFL (English Football League), is owned by a trust, the EFL’s ownership regulations require that the ultimate beneficial owners of the club be identified. This applies to the control and ownership of the club, and it is designed to ensure that individuals behind the ownership structure are "fit and proper" to run the club.
- While trustees may not have to disclose their identities to the public under Isle of Man law, the EFL requires transparency regarding who has control or significant influence over the club. This means the ultimate beneficial owners of the trust (those who ultimately control the trust and its assets, such as the football club) must be disclosed to the EFL, even if the trustees' identities are not publicly disclosed.
- EFL’s Regulatory Oversight:
- Regulatory Transparency: The EFL will require that the names of individuals who are effectively in control of the football club—whether they are trustees or beneficiaries—be disclosed to them, even if those individuals are not the public face of ownership. This helps ensure that the fit and proper person test is met.
- If the trust is involved in a football club’s ownership, the EFL will want to understand who has the power to control the club, which may mean identifying trustees, beneficiaries, or anyone holding significant influence over the club, even if those individuals are not the trustees themselves.
- Beneficial Ownership Register:
- The Isle of Man has a beneficial ownership register for companies incorporated in the jurisdiction. If the football club is owned through a company, the beneficial owners (who may be the ultimate beneficiaries of the trust) may be required to be disclosed in certain circumstances.
- In addition, the UK has specific regulations requiring disclosure of beneficial ownership for companies that own football clubs, and these may apply to the trust structure if the club operates in the UK or is registered under UK regulations.
Conclusion:
While Isle of Man law does not automatically require the public disclosure of trustees’ names (especially in the context of a trust), if the trust is the ultimate owner of an EFL football club, the EFL regulations would require the disclosure of the ultimate beneficial owners (those controlling or benefiting from the trust). These beneficial owners could include the individuals behind the trust, even if their names are not publicly disclosed under Isle of Man law.Thus, Isle of Man law does not prohibit the disclosure of ownership details to regulators, like the EFL, which may require the identification of individuals who control the club, regardless of the privacy afforded to trustees under trust law.
___________
So, depending what question you ask, you can get different answers, but one thing's for sure - ownership of the club by the Conway Trust is complicated, and appears to provide plenty of scope for not revealing the names of the trustees and ultimate owners.
Therefore the statement on our website https://www.pnefc.net/company-details probably (?) represents the limit of whatever legal teeth the EFL have, when it comes to transparency of ownership.
No other business runs like football, making huge losses year after year. It does make you wonder how much longer it can go on before a big name club goes under. It's a gravy train for those on board.
In the real world PR would be long gone by now!
In the real world PR would be long gone by now!
Thracia
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- Aug 1, 2011
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- 28,068
Firstly, ChatGPT is no authority on anything, but especially legal matters.
Certainly what the club has published is the maximum they want to get away with disclosing - that is blindingly obvious.
But all it has disclosed is the name of the previous owner, who is now deceased.
PNE fans need to know the identities of the living people who currently own and control their football club. Not the identity of the dead person who used to own it. That should also be blindingly obvious.
And that's what the EFL regulation is all about. It's intended to stop shady owners based in offshore tax havens from hiding an EFL club's ownership in some opaque legal structure.
If a club's owner gets away with the latter, then the regulation is not being adequately implemented or enforced, and fans should call them out on that. As indeed some fans are doing.