Wednesday 14th September 2011 Four former directors of Luton Town Football Club (LTFC) have been disqualified from acting as directors or in any way managing or controlling limited companies.An investigation into their activities was conducted by the Insolvency Service which found that, between July 2004 and February 2007, the directors were deemed to have breached Football Association (FA) and FIFA rules and regulations on payments to football agents.The FA enquiry found that LTFC had dealt with unlicensed football agents and made payments of £157,000 through its holding company Jayten Stadium Limited, using funds provided by LTFC which should have been paid by LTFC itself and routed through the FA. During the same period, the directors had also caused or allowed LTFC to trade at the risk and detriment of HM Revenue and Customs (HMRC), which was owed just over £3.5 million. They had arrears with PAYE and NIC within a few months of starting to trade and recently had not declared or paid the company’s VAT liability. The court heard there was a pattern of non-payment and chasing from HMRC.Robert Burns, head of investigation and enforcement services at the Insolvency Service, stated on their website that: “One of the main purposes of the Company Directors Disqualification Act is to ensure that proper standards of conduct of company directors is maintained and to raise those standards where appropriate.”William John Tomlins, the former Chairman of LTFC, was disqualified for 6 years, Derek Robert Peter, the former Chief Executive and a chartered accountant, was disqualified for 7 years, while Richard Sidney Bagehot and John Mitchell were each disqualified for 3 years.Robert Burns added: “These disqualifications should serve as a reminder that the Insolvency Service will investigate unacceptable conduct by company directors regardless of the nature of the business involved.”
LTFC started trading in mid-2004 and on 22 November 2007 went into administration owing its creditors approximately £7m.
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