County still await clearance

08 October 2009 04:19
Notts County must wait to discover whether their takeover by Munto Finance will be ratified by the Football League. Former England manager Sven-Goran Eriksson was installed as director of football and veteran defender Sol Campbell was brought in on a five-year contract following the takeover by a mystery group in July. Newspaper investigations led the club to unveil two members of the trust involved in the takeover last moth. However, the Football League is yet to officially rubberstamp the deal after revealing plans to crackdown on unknown club owners following a meeting on Thursday. "At its meeting in London, the Board of The Football League discussed its Fit and Proper Persons Test and general club ownership," read a statement on the Football League's website. "As of today, and having taken advice from legal counsel in regard to existing League regulations, it was unanimously agreed that it will be the policy of the Board to insist that it is informed, with supporting evidence provided, of the ultimate beneficial owners of all Football League clubs." On the subject of Notts County, the statement added: "We are very grateful to Notts County for providing us with further information in regard to its ownership structure. "Meetings to clarify a few outstanding issues will occur during the next few days, with a view to concluding matters in the near future."

Source: ESA