Why can't fry apply for a licence

[lordswoodsaints]

To play in the league,taking the -10 point hit,agreeing not to contest it and then try and sell the club as it is.....any potential buyer would then know what they are buying and what the situation is.

I know nothing at all about any of this admin stuff,just asking the question.

[brightspark]

Not possible. Don't ask me why, I just know that that's not possible. Someone else will have the exact, detailed answers.

[Whitey Grandad]

Isn't there a 'fitness' test for the owners? Something about fit and proper persons....?

[Weston Super Saint]

Isn't there a 'fitness' test for the owners? Something about fit and proper persons....?

 

Well, that rules MLT out :shock:

[Evo]

Take a look here:

 

http://www.football-league.co.uk/staticFiles/f2/8f/0,,10794~102386,00.pdf

 

INSOLVENCY POLICY

A club will not be eligible for membership of The Football League if by the second Saturday in May in the current year it:-

• Has a manager, receiver or administrative receiver appointed in respect of that club or any part of its property.
  
• Has had a petition presented and not discharged in respect of it for an administration order or if an administration order has been a) applied for; or b) made and not discharged in respect of that club.
  
• Has had a winding up order made and not discharged in respect of that club.
  
• Has passed a resolution for the winding up of that club.
  
• Has proposed or entered into an arrangement with its creditors or some part of them in respect of the payment of its debts or part of them as a Company Voluntary Arrangement under the Insolvency Act 1986 or Scheme of Arrangement under the Companies Act 1985 (in each case as amended by subsequent legislation or Regulation) and that arrangement has not been agreed by the club's creditors or approved by the Court.
  

 

The criteria for membership of The Football League are part of a membership criteria structure agreed by The Football Association, The Football League, The Football Conference, The Isthmian Football League, The Northern Premier Football League and The Southern Football League and

governed by Football Association Rules.

 

Any club dissatisfied with a decision of The Football League in any matter concerned with these criteria has a right of appeal to The Football Association, as laid down in Football Association Rules.

 

The Football League reserves the right, after consultation with The Football conference and subject to the sanction of The Football Association, to make changes to its membership criteria at any time.

 

Effectively the Club belongs to the creditors at the moment. Fry cannot apply for FL membership, not in any way I can see anyway.

[70's Mike]

Take a look here:

 

http://www.football-league.co.uk/staticFiles/f2/8f/0,,10794~102386,00.pdf

 

 

 

 

 

Effectively the Club belongs to the creditors at the moment. Fry cannot apply for FL membership, not in any way I can see anyway.

 

Maybe Barclays and Norwich Union should say we do not want our money we will run the club instead, and take out £100k each a month as dividends

[Chez]

Maybe Barclays and Norwich Union should say we do not want our money we will run the club instead' date=' and take out £100k each a month as dividends[/quote']

 

I don't think Banks like doing that, they prefer others to toil away on their behalf or if not to liquidate the companies assets and get the cash back in their account quick smart.