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Financial Transparency Of Leeds United Fc

EDM number 1670 in 2006-07, proposed by Phil Willis on 12/06/2007.

That this House is concerned at the lack of transparency in the financial affairs of Premier and Football League clubs; is appalled that the owners of Leeds United, Forward Sports Fund, not only avoided the effects of points deduction by going into administration after relegation from the Championship was confirmed, but re-emerged from administration within 24 hours having abandoned £35 million worth of debts; calls on the Administrator, KPMG, to explain why it failed to ascertain the beneficiaries of Astor Investments Holding, registered in the British Virgin Islands, and Krato Trust, registered in Nevis (West Indies), who agreed to write off £13 million and £2.4 million debts, and to seek explanations; asks the Administrator to ascertain whether the current owner of the Leeds United ground, Teak Trading Corporation, has any shareholder or director links with Astor, Krato or Mr Ken Bates; urges HM Revenue and Customs to take action to challenge the Administrator's decision not to recover the £7 million owed to taxpayers; requests that the Financial Services Authority investigate the similarities between the ownership of Chelsea Village plc prior to July 2003 and the ownership of Leeds United; urges the Serious and Organised Crime Agency and the Serious Fraud Office to investigate whether criminal activity, including money laundering, has taken place; and urges the Government to make it a criminal offence for any individual, either in the UK or abroad, to own shares or be a beneficiary of a football club without making a declaration to shareholders at the annual meeting.

This motion has been signed by a total of 38 MPs.

MPDateConstituencyPartyType
Phil Willis12/06/2007Harrogate and KnaresboroughLiberal DemocratProposed
Bob Russell12/06/2007ColchesterLiberal DemocratSeconded
Colin Burgon13/06/2007ElmetLabourSeconded
Graham Stringer13/06/2007Manchester, BlackleyLabourSeconded
Alan Simpson13/06/2007Nottingham SouthLabourSeconded
Ann Cryer13/06/2007KeighleyLabourSeconded
Greg Pope13/06/2007HyndburnLabourSigned
George Mudie13/06/2007Leeds EastLabourSigned
Harry Cohen13/06/2007Leyton and WansteadLabourSigned
Rudi Vis13/06/2007Finchley and Golders GreenLabourSigned
Kate Hoey14/06/2007VauxhallLabourSigned
John Battle14/06/2007Leeds WestLabourSigned
Mike Hancock14/06/2007Portsmouth SouthLiberal DemocratSigned
David Drew14/06/2007StroudLabourSigned
Ronnie Campbell14/06/2007Blyth ValleyLabourSigned
Vincent Cable14/06/2007TwickenhamLiberal DemocratSigned
John Pugh14/06/2007SouthportLiberal DemocratSigned
Jeremy Corbyn15/06/2007Islington NorthLabourSigned
Derek Wyatt15/06/2007Sittingbourne and SheppeyLabourSigned
Peter Kilfoyle19/06/2007Liverpool, WaltonLabourSigned
John Leech19/06/2007Manchester, WithingtonLiberal DemocratSigned
Paul Truswell19/06/2007PudseyLabourSigned
Jeff Ennis19/06/2007Barnsley East and MexboroughLabourSigned
Tom Brake19/06/2007Carshalton and WallingtonLiberal DemocratSigned
Paul Holmes20/06/2007ChesterfieldLiberal DemocratSigned
Eric Illsley20/06/2007Barnsley CentralLabourSigned
Paul Keetch20/06/2007HerefordLiberal DemocratSigned
Jim Dobbin20/06/2007Heywood and MiddletonLabourSigned
Nick Harvey21/06/2007North DevonLiberal DemocratSigned
Marsha Singh25/06/2007Bradford WestLabourSigned
Brian Jenkins25/06/2007TamworthLabourSigned
Neil Gerrard26/06/2007WalthamstowLabourSigned
David Marshall02/07/2007Glasgow EastLabourSigned
Paul Farrelly03/07/2007Newcastle-under-LymeLabourSigned
Mark Hunter03/07/2007CheadleLiberal DemocratSigned
Jon Trickett09/07/2007HemsworthLabourSigned
John Austin23/07/2007Erith and ThamesmeadLabourSigned
David Howarth08/10/2007CambridgeLiberal DemocratSigned

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