Ex-chairman's director ban

30 March 2010 01:49
A former chairman of Wrexham FC has been banned from being a director of any UK company for seven years.The Insolvency Service said Mark Guterman's disqualification takes effect next week after he gave an undertaking to government officials. [LNB]The club entered administration in 2004 with debts of £4m and was saved in 2006 by a local business consortium. [LNB]Moves to ban former owner Alex Hamilton from holding any directorship began at the civil court of justice this week. [LNB]The case, which is being heard in Manchester and is being brought on behalf of the Business Secretary Lord Mandelson, is expected to last four weeks. [LNB]Mr Hamilton is challenging claims of unfit conduct while he was in charge of the football club. [LNB]Undertaking[LNB]Mr Hamilton took over as chairman of Wrexham FC from his former business partner Mr Guterman in 2004. [LNB]After Wrexham went into administration, local MP Ian Lucas - now Business Minister - wrote to the then Department of Trade and Industry asking for an investigation and calling for both men to be disqualified from holding any directorships. [LNB]He welcomed the announcement that Mr Guterman, who now lives in Monaco, had given a disqualification undertaking. [LNB]"I am very pleased that this undertaking has been given and it shows that action can - and will - be taken against those who fail to fulfil their role as directors properly. [LNB]"Many people who follow Wrexham Football Club will join me in welcoming this news."

Source: BBC_Sport