Reading the F&PP regs from the FA, it looks like even though his Bank has gone titsup, he can still be a director/owner of a League club as his Bank was overseas.
I think.
http://www.thefa.com/TheFA/RulesandRegulations/FARegulations/NewsAndFeatures/2009/~/media/Files/PDF/TheFA/Rules_Regs/FAFitProperRegs1011.ashx/FAFitProperRegs1011.pdf