I'm not overly impressed with David Conn's sign-off: "When the EFL’s historic clubs are plunged into such turmoil, its powers to intervene remain limited".
In my opinion, the power is there, just not the will to act. Corporate governance lawyer, Richard Barham agrees:
"In the case of the EFL, where a club (i) fails three or more times to provide a declaration or update a declaration, or to provide information required by the league, or (ii) intentionally, recklessly or negligently provides a false declaration to the league, or (iii) fails to ensure within 14 days of written notice that a relevant person complies with the requirements of the EFL Rules, the EFL may require the club to transfer its ownership to the EFL company secretary".
https://www.lawinsport.com/topics/articles/item/a-guide-to-the-owners-and-direct | |
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