PTID wrote:
Not sure how they'll assess competence, and especially for a new owner - how do you prove competence or lack of it until you're doing the job?
If competence is based on winning stuff or not getting relegated there'll be lots of owners being removed regularly.
"The test comprises three key elements:
A fitness test (owners and directors) to assess an individual’s integrity, honesty, financial soundness and, in the case of directors, competence, to ensure they are a suitable custodian to run or own a football club. This draws on similar ‘fit and proper persons’ tests applied by other regulators including the Financial Conduct Authority (FCA), HMRC, and the Solicitors Regulation Authority.
A source of wealth test (owners) to mitigate against the risk of illicit finance in football and ensure the financial sustainability of clubs and the pyramid.
To ensure the financial sustainability of clubs, prospective owners must have sufficient financial resources. They must also provide the IFR with their proposed plan to operate the club, an estimate for those costs, how those costs will be funded and the source of such funding."
Nothing there about 'winning stuff.' It's a financial test that aims to rule out clubs falling into the hands of crooks, fantasists without the wherewithal to deliver their plans, and money launderers (who would turn football clubs into giant versions of Turkish barbershops).
All stuff that should have been in place decades ago but wasn't. If it had been, Coxberg would never got their hands on Pools. Would a regulator have decided that Raj was a "suitable custodian to run or own a football club" (HUFC) after he had put another town's football club into administration? When the alternative was HUFC going bust anyway? Your guess is as good as mine.