Tuesday, 6 October 2009

Financial Services Authority - benchmark or barrier for football's cosmopolitan ownership

As another English football club passes into the hands of a foreign owner, many commentators have been questioning whether or not the only structural impediment to such takeovers (the fit and proper person test) is up to the task of the challenges now facing it and English football.

The BBC details football's fit and proper person test here:
http://news.bbc.co.uk/sport1/hi/football/eng_prem/6923831.stm

Compare this with the fit and proper person test developed and utilised by the Financial Services Authority:
www.fsa.gov.uk/pubs/hb-releases/rel27/rel27fit.pdf

Which is the stronger test? The more appropriate? The more relevant? Could football learn from the FSA or vice versa?

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