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Can't be true HullDale - he purchased 25% in Rochdale according to the above article.
Owning 25% of Rochdale and being involved in Birmingham surely would be a breach of EFL rules?
Unless him and Jade and Sahara are hiding in the murky shadows of Worsley breaking all of the EFL's rules with multiple clubs.
He wouldn't do that though would he?
I was suprised to read that Alexander Jarvis wasn't involved here. Perhaps that a sign that finally Captain Sabotage has worked out that the footbal industry really isn't for him.
George Bernard Shaw had it right:
"He who can does; he who cannot, teaches."
https://www.visittheusa.co.uk/
"But Alexander Jarvis, whose company Blackbridge has advised on several football deals involving Chinese investors, says that many smaller Chinese companies appear to be acting on impulse even though they “have no experience of football”.
“Some football types will sell their granny to do a deal,” he says. “So there’s a risk of the clubs and the Chinese investors getting duped.”"
"But Alexander Jarvis, whose company Blackbridge has advised on several football deals involving Chinese investors, says that many smaller Chinese companies appear to be acting on impulse even though they “have no experience of football”.
“Some football types will sell their granny to do a deal,” he says. “So there’s a risk of the clubs and the Chinese investors getting duped.”"
Denise? DENISE!
Chinese investment in our football clubs?
There's two ways of looking at that (at least!)
Firstly, the Chinese being duped? Hmm.. anyone attempting that would need to be wary of ever going near a Chinese chippy ever again. Fat Pat's watchfulness might seem benign compared to her Chinese equivalents
Secondly, the amount of personal data floating around football clubs would be an ideal way of keeping tabs on local communities/businesses for Chinese owners. Paranoid? You wouldn't think so if you lived in China
Anyone involved with Chinese 'investment' would be playing with fire
"But Alexander Jarvis, whose company Blackbridge has advised on several football deals involving Chinese investors, says that many smaller Chinese companies appear to be acting on impulse even though they “have no experience of football”.
“Some football types will sell their granny to do a deal,” he says. “So there’s a risk of the clubs and the Chinese investors getting duped.”"
Denise? DENISE!
I think the "selling their granny" comment from Captain Sabotage might refer to former "custodians" of Rochdale AFC and his relationship with David Bottomley, former CEO.
Mr Jarvis says that these backers will need to invest significantly in players and coaches, while managing the expectations of the fans and trying to boost income and cover their financing costs. It is, he says, an exercise akin to “a monkey dancing on a razor blade”.
Aside from the very crude disrepectful reference to animal cruelty the only "monkey dancing on a razorblade" is the man who has sunk £1.2m of Morton House funds into a self confessed and failed "hostile" takeover.
George Bernard Shaw had it right:
"He who can does; he who cannot, teaches."
https://www.visittheusa.co.uk/
Birmingham's prospective buyers are due to take a major step on Monday towards ownership of the club with a hefty down payment.
Businessman Paul Richardson and ex-Argentine striker Maxi Lopez paid a £1.5million deposit in July for Blues’ largest individual shareholder Vong Pech's 21.64% stake. It is part of a plan to takeover the whole club in the next two years for £36.5million.
A 4% deposit on a £36.5million purchase.
I have still not seen the EFL give their approval yet.
I have still not seen Matthew Southall confirmed yet.
Richardson also plans to bring in controversial ex-Charlton chief executive Matt Southall to run the club. Richardson said: “We have some tough decisions and we believe he’s the right guy to do it.”
The hard calls are expected to include getting to grips with the club’s wage bill which has a number of fringe players on huge money in the second tier.
"Hard calls" - controlled relegation to League 1?
George Bernard Shaw had it right:
"He who can does; he who cannot, teaches."
https://www.visittheusa.co.uk/
It's all going a bit wrong at Birmingham with a takeover innit.
The Daily Mirror reports today that the EFL's hierarchy is leakier than Alexander Jarvis on a promise from Fat Pat with the following revelations of the confidential September EFL Board meeting (someone should tell the EFL about leaks turning up in the Daily Mirror):
"And there was a board meeting of the EFL this week to study their proposal. However, it appears that any information forwarded was minimal and there is no chance of any ratification before mid-September."
This is the same EFL that failed to lay a finger anywhere near Matthew Southall over nearly a year despite a very long and obvious involvement with acquiring a lot of shares in Rochdale AFC.
According to the Manchester Evening News that share was 25%:
"Former Charlton Athletic chairman Matthew Southall has struck a deal to buy a 25 per cent stake in League Two football club Rochdale AFC.
Mr Southall is acquiring his shares from Andy Curran and Darrel Rose's Morton House MGT group, whose bid to take over the club collapsed several weeks ago."
That MEN article indicates that the EFL should probably investigate Matt Southall, Andy Curran and Darrel Rose as it reads in the MEN that a deal was done.
Did the EFL ever properly investigate the Southall, Curran and Rose connections? Who knows!
Since the Daily Mirror and the Manchester Evening News are both owned by Reach PLC, perhaps the EFL might want to recruit some of their investigative journalists so they can tell the EFL what is actually going on.
They might be able to help the EFL understand how Matthew Southall didn't manage to attract an EFL ban for his actions at Charlton Athletic where he unlawfully changed the status of directors at the club’s parent company, East Street Investments.
Then again, if the EFL had missed admission of guilt by Southall in a UK court of law, then perhaps they might have been intrigued as to how managed to be involved with Rochdale AFC for nearly a year and is now running the operation at Birmingham City.
Where it was divluged that Southall and McManus owed a local builder a lot of money and from a varied web of companies that Jade in the meantime owes HM Revenue and Customs a wedge from at least one company that is the throes of liquidation
Is that "fit and proper"? You tell us.
Not sure but the EFL's tests certainly aren't. When the Daily Mirror, fans of Charlton Athletic and fans of Rochdale AFC and possibly the investigators at HM Revenue and Customs are all better than the EFL's department responsible for checking takeovers, it might indicate that time is up for the regulator.
As the Daily Mirror article states: Doubts have surfaced that Richardson and Lopez had the funds to do the deal from day one.
During the past few weeks they have continually attempted to source the finance but have found no takers.
An employee at one specialist finance house that deals regularly with football clubs said: “They wanted to borrow £15m with St Andrew’s as security. The stadium also needs a serious amount to be spent on repairs.
“We didn’t want to know.”
It's all going wrong again Matthew.
It's all going wrong again EFL for another member club.
FFS do something.
George Bernard Shaw had it right:
"He who can does; he who cannot, teaches."
https://www.visittheusa.co.uk/
Not sure this is takeover related, it may be coincidence.
Fat Pat has learned that the Birmingham Takeover is expected to collapse before the end of the month due to a lack of funding.
How that passes any of the EFL's tests on the sources and sufficiency of funding remains to be seen. Let's hope they are watching closely.
Tick. Tock. Tick. Tock. Tick. Tock.
If Matt Southall is anywhere near this, a failed outcome is predictable. He's got form for not being very good at business and football, however much he mouths off and issues legal threats. The facts are there, as we know.
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Matt Southall & Birmingham City on 13:15 - Apr 5 with 6243 views
Not sure this is takeover related, it may be coincidence.
Fat Pat has learned that the Birmingham Takeover is expected to collapse before the end of the month due to a lack of funding.
How that passes any of the EFL's tests on the sources and sufficiency of funding remains to be seen. Let's hope they are watching closely.
Tick. Tock. Tick. Tock. Tick. Tock.
“Given Southall’s previous involvement in the crises at Charlton Athletic and Rochdale, where he acted as a consultant for a group that attempted a hostile takeover of the League Two side, some fans will be surprised that his ban is not longer. “ Not wrong there, Matt https://t.co/6hXxE9kJJ7
— The Charlton Dossier (@CharltonDossier) April 5, 2023
EFL have finally raises their heads.
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Matt Southall & Birmingham City on 13:31 - Apr 5 with 6190 views
Matt Southall & Birmingham City on 13:15 - Apr 5 by DorkingDale
“Given Southall’s previous involvement in the crises at Charlton Athletic and Rochdale, where he acted as a consultant for a group that attempted a hostile takeover of the League Two side, some fans will be surprised that his ban is not longer. “ Not wrong there, Matt https://t.co/6hXxE9kJJ7
— The Charlton Dossier (@CharltonDossier) April 5, 2023
EFL have finally raises their heads.
The English Football League is set to announce a set of mild sanctions for the three men who tried to buy Birmingham City last year.
Following a five-month investigation, the league charged former Barcelona striker Maxi Lopez, British businessman Paul Richardson and former Charlton Athletic chief executive Matt Southall with alleged breaches of its owners’ and directors’ test (ODT) in February. The trio were the main drivers of Maxco, a company set up in early 2022 to buy the Championship club, but their proposed, two-stage, £35million takeover collapsed in December. According to the league, however, they had already been effectively running the club, without formal approval, which is against the rules.
But, six weeks on, the matter will be closed this week, with Lopez accepting a one-month ban from involvement with an EFL club, suspended until the end of the 2023-24 season, with Richardson agreeing to a two-month period of ineligibility, also suspended until the end of next season.
Southall’s ban will be six months, with only three of them suspended, as the league considered his breaches of the ODT rules to be the most serious. The 39-year-old was Maxco’s nominated consultant at the club and made no secret of his close involvement in Birmingham City’s summer transfer window or their plans for the January window.
He and his partners believed his actions were within the spirit of the regulations, particularly given the fact that the club’s Chinese owners seemed more than happy for Maxco to start funding the club’s losses and the urgent work needed to repair Birmingham City’s dilapidated stadium.
The league has accepted that Maxco’s breaches of the ODT rules were “non intentional” or “concealed”, which explains why the penalties are so lenient. Even in Southall’s case the sanction is little more than a slap on the wrist as his three-month ban will start immediately, making him eligible for work in the football industry again this summer.
Given Southall’s previous involvement in the crises at Charlton Athletic and Rochdale, where he acted as a consultant for a group that attempted a hostile takeover of the League Two side, some fans will be surprised that his ban is not longer. He, however, denies any intentional wrongdoing at Charlton, Rochdale or Birmingham.
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Matt Southall & Birmingham City on 13:48 - Apr 5 with 6148 views
"The league has accepted that Maxco’s breaches of the ODT rules were “non intentional” or “concealed”, which explains why the penalties are so lenient. Even in Southall’s case the sanction is little more than a slap on the wrist as his three-month ban will start immediately, making him eligible for work in the football industry again this summer."
Hmmm. "Non intentional " gets a 6 month ban, but "I forgot" merits 2 years.
The EFL is a huge ponzi scheme, as long as there are clubs desperate to get into the EFL nothing will change. It has no duty of care for the clubs it calls members because for every club that is relegated there are 2 or 3 eager to replace them and almost at any cost. Colchester today has shown accumulated losses of £35m! Who pays that when their owner shouts "enough"? There is virtually no such thing as a profitable EFL football club and yet billions are poured into the game every year. In some ways we will be better off out of the EFL's grasp, Football has become a magnet for every money-grabbing, sleazy, shyster on the face of the globe and the EFL welcomes them with open arms, they keep the whole circus turning.
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Matt Southall & Birmingham City on 23:18 - Apr 5 with 5480 views
Matt Southall & Birmingham City on 19:49 - Apr 5 by 49thseason
The EFL is a huge ponzi scheme, as long as there are clubs desperate to get into the EFL nothing will change. It has no duty of care for the clubs it calls members because for every club that is relegated there are 2 or 3 eager to replace them and almost at any cost. Colchester today has shown accumulated losses of £35m! Who pays that when their owner shouts "enough"? There is virtually no such thing as a profitable EFL football club and yet billions are poured into the game every year. In some ways we will be better off out of the EFL's grasp, Football has become a magnet for every money-grabbing, sleazy, shyster on the face of the globe and the EFL welcomes them with open arms, they keep the whole circus turning.
What you say about the EFL is right, but, the problem is, National League regulations re: shyster activity are weaker than EFL regs, which helped to save us from Moron House.
Fan vigilance will be needed more than ever.
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Matt Southall & Birmingham City on 00:25 - Apr 6 with 5435 views
Matt Southall & Birmingham City on 23:18 - Apr 5 by Sandyman
What you say about the EFL is right, but, the problem is, National League regulations re: shyster activity are weaker than EFL regs, which helped to save us from Moron House.
Fan vigilance will be needed more than ever.
I agree, but at least we won't be anticipating any help and maybe not much hinderence either. Accordingly we know that things are more or less totally in our own hands.
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Matt Southall & Birmingham City on 08:06 - Apr 6 with 5289 views
The question is, 'who will be Matt's next victim be?' and this applies to his associates as well, I may be cynical, but these people need to control a football for different financial reasons and the footballing community need to be vigilant in respect to people like these.
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Matt Southall & Birmingham City on 09:40 - Apr 8 with 4759 views
The really odd thing about this that the EFL haven’t yet commented but “sources” close to the case have leaked to The Athletic.
Talk about undermining the supposed regulator of the game outside of the Premier League!
How can the EFL be seen as credible if the three parties have had their supposed punishments leaked to the press? What punishment is Birmingham City getting as the member club which broke the rules?
However here’s another thought, perhaps the games regulator hasn’t ACTUALLY concluded and a certain party has floated the story to get out of the limelight.
David Bottomley was banned for two years for breaches of the OADT rules which CEO of Rochdale in May 2021.
Matt Southall getting six months (as the Athletic Reports), three of which is suspended doesn’t appear to be a consistent punishment and with the logic of Bottomley’s failings set out very clearly and cleanly in the public domain.
Unless the regulator has decided that if you are in the Championship the rules are different.
Surely if the EFL are wanting to look strong then the punishment for individuals transgressing at Birmingham match those confirmed as transgressed in the Rochdale case.
George Bernard Shaw had it right:
"He who can does; he who cannot, teaches."
https://www.visittheusa.co.uk/
BREAKING: Matthew Southall, Paul Richardson, and Maxi Lopez have all admitted to breaching EFL Regulations in respect of the Owners and Directors’ Test (OADT) following their unapproved involvement with Birmingham City Football Club in 2022. pic.twitter.com/s5WgA411gG
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