Pilley remanded in custody

Even if he pays back every penny before sentencing, he will serve time.
He has committed a serious crime and pleaded not guilty.

His reputation will be in tatters.
 
Will he still be allowed to be the chairman / owner of Fleetwood Town
What will happen with BES now. Will/ can OFGEM close the buisness down
Also the card machine company he runs
I see his son Jamie has his hands in a lot of the pies. Director of around 5 companies I think it is
 
GrahamwantshisOates said:
Even if he pays back every penny before sentencing, he will serve time.
He has committed a serious crime and pleaded not guilty.

His reputation will be in tatters.
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Who would he pay the money back to tho as theirs been lots of customers and small businesses involved
Did he plead not guilty to all 4 charges he’s been found guilty of ?
 
Love BFC🍊 said:
Fleetwood Wanderers ???
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Fleetwood Wanderers was the name used when they were reformed, for the fourth time, in 1997, when they played in the NWCFL First Division. Which, for comparison, is the league AFC Blackpool are in. But, they then became Fleetwood Freeport, before switching to Town in 2002, before Pilley took over in 2003.
 
Bispham_Seasider said:
Fleetwood Wanderers was the name used when they were reformed, for the fourth time, in 1997, when they played in the NWCFL First Division. Which, for comparison, is the league AFC Blackpool are in. But, they then became Fleetwood Freeport, before switching to Town in 2002, before Pilley took over in 2003.
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So have they changed the name back to fleetwood wanderers with pilleys kids both becoming directors on Monday 22nd
What in effect does it mean them becoming directors cos the owner is in jail
 
Love BFC🍊 said:
So have they changed the name back to fleetwood wanderers with pilleys kids both becoming directors on Monday 22nd
What in effect does it mean them becoming directors cos the owner is in jail
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The company name has always been Fleetwood Wanderers.

As directors they have responsibility for the company’s management and meeting its obligations (including re: solvency). I believe Steve Curwood is also a director, so it’s somewhat less urgent than for other businesses in the group where Mr Pilley was also a director (including Fleetwood’s parent company, JayMel)
 
Dollar Thief said:
Steven Curwood, Jamie Pilley and Melissa Pilley added as directors alongside Andy Pilley at Poolfoot 3 days ago.

POOLFOOT SPORTS COMPLEX LIMITED people - Find and update company information - GOV.UK

POOLFOOT SPORTS COMPLEX LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
find-and-update.company-information.service.gov.uk find-and-update.company-information.service.gov.uk
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His son is a prize knobhead
 
Just lost a civil court battle with Cheshire West and Chester counci. Sued claiming misfeasance and an allegation that search warrants were obtained unlawfully. Echos of Oyston.
 
Love BFC🍊 said:
His daughter a director at 19 years old ?
Something doesn’t sit right with all this to me
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That's just ceremonial. Any UK adult can be a company director, but it doesn't imply any actual management involvement.

For example, it's not uncommon for people who own a business to also nominate their spouse as a director, to better extract dividends and spread taxation.

They'll be wanting to keep control and moving the shares around the family is effective to keep Pilley 'in control' even from jail.
 
TwelveAngryMen said:
If it is £15m I suspect he can find that and repay

I was assuming the POCA would be for far more
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Would he need to prove that the money he uses to pay back the £15m wasn't part of the illegality or is the assumption, that they've found all the fraudulent money and that totals £15m and everything is else is 'clean.'

Notwithstanding, he won't be able to own anything and I can see a ban from the FA/EFL stopping him entering football stadia under their jurisdiction.
 
Poca is about firstly establishing the actual gain from the criminal offending, but then how much of the assets are realisable and can be clawed back

If you take the example of someone e convicted of drug dealing, the estimated profit is say £100k there is no point in making a poca order in that sum if he’s spent most of the money on Turkey teeth and fake tan.

The poca amount will be what is left and can be recovered
 
I don't think there's going to be that much clawed back from the companies. Which is why I think the actual near-term risk to Fleetwood Town is pretty low.

Pilley has been found guilty, but it's not like the entire group of businesses were a sham: they were actual businesses, they did make money, they did spend money and they did buy and sell energy, buy and sell services. Fleetwood sold tickets, and fans attended. None of that money is in the frame to be taken away immediately.

Of course, it's safe to assume that Pilley was extracting plenty of dividends from his businesses, but him being found guilty doesn't mean those businesses are suddenly insolvent. For sure, they may be in trouble, (especially the football club, which runs at a loss and relies on cash injections from the owner), but that doesn't mean they're going to fold overnight. That's where the "limited" part of a limited company comes into play; the companies are their own entities, and they can operate, be bought, and sold, regardless of the status of the individual directors; you can just move the shares around.

There's plenty of finance houses which are basically amoral; they don't care about Pilley, or the customers he defrauded, they only care about the P&L and the balance sheets, and it may well be that they are willing to lend to keep the businesses going if they think they can earn on that lending. If there's a core of a survivable business (or group of businesses) in all this, it will be found and will continue. Money doesn't have morals.

Don't take this as me being some kind of Pilley apologist; I think what he's done is disgusting. But the wheels of justice turn very slowly and Fleetwood Town will likely continue, though struggle. We only need to look to the Oystains to see how easy it is to keep control of a club despite jail.
 
There are also prosecution costs to consider .

The investigation and subsequent prosecution by trading standards will be in the millions .

The taxpayer can’t be expected to foot the bill if AP has assets .

Public finances are stretched enough.
 
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Now lost a civil case against Cheshire west and Chester council over allegations of misfeasance and search warrants gained illegally . Remind you of anybody?
 
cside said:
I don't think there's going to be that much clawed back from the companies. Which is why I think the actual near-term risk to Fleetwood Town is pretty low.

Pilley has been found guilty, but it's not like the entire group of businesses were a sham: they were actual businesses, they did make money, they did spend money and they did buy and sell energy, buy and sell services. Fleetwood sold tickets, and fans attended. None of that money is in the frame to be taken away immediately.

Of course, it's safe to assume that Pilley was extracting plenty of dividends from his businesses, but him being found guilty doesn't mean those businesses are suddenly insolvent. For sure, they may be in trouble, (especially the football club, which runs at a loss and relies on cash injections from the owner), but that doesn't mean they're going to fold overnight. That's where the "limited" part of a limited company comes into play; the companies are their own entities, and they can operate, be bought, and sold, regardless of the status of the individual directors; you can just move the shares around.

There's plenty of finance houses which are basically amoral; they don't care about Pilley, or the customers he defrauded, they only care about the P&L and the balance sheets, and it may well be that they are willing to lend to keep the businesses going if they think they can earn on that lending. If there's a core of a survivable business (or group of businesses) in all this, it will be found and will continue. Money doesn't have morals.

Don't take this as me being some kind of Pilley apologist; I think what he's done is disgusting. But the wheels of justice turn very slowly and Fleetwood Town will likely continue, though struggle. We only need to look to the Oystains to see how easy it is to keep control of a club despite jail.
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I can't see how they will be able to operate at their current level because the Pilley tap has been turned off now, surely.
 
voyeur said:
I can't see how they will be able to operate at their current level because the Pilley tap has been turned off now, surely.
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Not sure how soon the tap will be turned off but it won't be long I reckon. Basically then it becomes a fire sale of playing assets and/or administration. They are certainly not an attractive proposition for any buyer so can't see a positive outcome for them.
 
bollieboy said:
Not sure how soon the tap will be turned off but it won't be long I reckon. Basically then it becomes a fire sale of playing assets and/or administration. They are certainly not an attractive proposition for any buyer so can't see a positive outcome for them.
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Depends on the state of his assets presumably, and what the judge does to freeze them or whatever. Oyston had all key assets frozen. I ain't no legal beagle so i don't know the score.
 
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