Expert: ‘Good-faith deposit’ a way to prevent a repeat of Bolton mess
7 May 2019
EFL told to get an insurance policy against bad owners.
Football finance expert Maguire says governing body must do more. “I think the EFL should have gone in far earlier to determine the extent of Mr Bassini’s finances. It is not the most difficult thing to do."
The EFL have been urged to introduce a law requiring owners with a chequered past to place a “good-faith deposit” with them to prevent a repeat of the fiasco at Bolton.
The football finance expert Kieran Maguire, from the University of Liverpool, has told the Football League they need to do more to protect players and other clubs from owners such as Ken Anderson and Laurence Bassini.
He suggested that they have to lodge money with the governing body which can be used to reimburse players or other clubs if they default on payments.
Do you want to read this article?
Get instant access by subscribing to our free weekly newsletter.
You will receive a link that unlocks the article in an email.
Passionate about football and the business behind the beautiful game?
Subscribe now to access all the latest news and exclusive industry insights from leading football finance experts.
Already a member? Login