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Seven-½-year ban for Ridsdale

Seven-½-year ban for Ridsdale

Not that he says he wants too anyway, but if he did Peter Ridsdale wouldn't be able to become a director at Preston, or any other club, for the next 7-½-years.

This ban has been placed upon him following an investigation into financial irregularities while he was with Cardiff.

An investigation centred around "payments totalling £347,000 made by Cardiff to Ridsdale between May 2007 and March 2009 during his spell as their chairman." This money was directed to WH Sports Group (WHSG) consultancy service, which was his company before it was liquidated in 2009 with liabilities of £478,698 and over £440,000 owed to HMRC.

Insolvency Service's Claire Entwistle said: 'As someone who has had many directorships, Mr Ridsdale ought to be aware of the responsibilities that come with such a position.

'The protection of limited liability is available to those who comply with their obligations as company directors.

'If those obligations are ignored, the protection will be withdrawn, as Mr Ridsdale has found to his cost.'

Ridsdale, as he told the official website, responded by saying: 'I can confirm that I have agreed a voluntary undertaking not to act as a company director as a result of ongoing issues with a personal matter which occurred in 2009.

'I am currently undertaking a role of 'Chairman of Football' at Preston North End but am not a director nor at any time have I sought to be one.'

His wife Sophie, also a previous co-director of WHSG, has been banned from becoming a company director until April 2016.

Ridsdale is still free to continue his role as chairman of The Lilywhites and every indication is that he'll be doing so anyway.

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Writer:Site Staff
Date:Wednesday October 3 2012
Time: 7:00PM

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