The purchase of Notts County football club by Munto Finance Limited, which is incorporated in the British Virgin Islands and owned by the Middle East businessmen, is investigated by the Football League two months after the deal was completed.
The investors have handed information about their takeover to the League officials, in accordance with the rules, but people from the fottball league consider the information from Notts County had arrived too slowly. Now the Football League is making the analysis of information given by Notts County and making further inquiries.
It is still unknown who are the real investors and the owners of the BVI company who purchased the Notts County. In the course of takeover, the supporters’ trust agreed to “gift” its shares to Munto Finance, which informed about its plans to make significant investments to the club. After the football club’s takeover by Munto Finance, a high-profile manager Sven-Goran Eriksson was appointed to the post of its director.
BVI-registered Munto is a subsidiary of Qadbak Investments, which is the new owner of the BMW Sauber Formula One team. BMW described the company as a Swiss-based entity representing “the interests of certain Middle East and European-based families.” The directors of the BVI company are the executive chairman Peter Trembling and Peter Willett, who is linked to a Dubai investment group.
Actually, Notts County is the oldest professional football club in the world which has stuck in the second league for several seasons.