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Carson Yeung refused bail

Birmingham City majority shareholder Carson Yeung has been refused bail ahead of an appeal against his conviction for money laundering to be held in March.   He does have some hopes of success in the appeal.

In another twist, a mystery individual has bought a large stake in the club and it could be Yeung's common law wife.

Last chance saloon for Hereford

The winding up order against Hereford United has been adjourned once again.   This is the ninth adjournment.   They have until Friday to prove that they have £1m to pay creditors.

Owner Andy Lonsdale has said that it will be 'sorted' by Friday afternoon when the hearing resumes.  That remains to be seen.

QPR ready to take Football League to court

The Football League is now examining the accounts submitted by Championship clubs to see if they exceeded the allowable loss limit of £8m (some expenditure is excluded such as youth development).   The League is expected to announce its findings in the next few weeks to ensure that any appeals can be held before the transfer window opens on January 1st.

Bulls get another reprieve

The long drawn out saga of Hereford United continues with the hearing of the winding up petition against the club in the High Court deferred again until December 15th.   The petition was originally brought in June by the Inland Revenue in relation to a debt of £116,000.   The legal bills for all these hearings must be mounting.

Massimo Cellino will not sell up at Leeds

Massimo Cellino has said that he will not sell up at Leeds United despite having failed the Football League's fit and proper person test.

Regulator shows El Tel the red card

A new football fund promoted by Terry Venables has been shown the red card after a regulator ruled it is not licensed to operate in Anguilla.    El Tel launched the Football Talent Fund in August with three former footballers.

Spanish court strikes blow at financial fair play

We have argued for some time that financial fair play (FFP) rules at the European and domestic level are open to legal challenge.   In an order of November 17th the Spanish Commercial Court has struck a blow at the rules of La Liga on FFP.

La Liga had penalised Getafe by preventing them from playing Pedro León.   They argued that by doing so it would have exceeded the total amount of money it could pay to players under the Spanish FFP rules. The Court was asked for an interim measure to allow him to play.

Winding up order served on Leeds

A winding up order has been served on Leeds United in a dispute over £150,000.   It relates to a case from the Bates era and former director Melvyn Levi and what are alleged to be unpaid legal costs.

QPR fine threat

QPR face future exclusion from the Football League if they do not pay a financial fair play fine which could be as much as £40m.   They would then have to play in the Football Conference.

QPR chairman Tony Fernandes has vowed to fight any fine, which does seem disproportionate.  He may have grounds for doing so as there are question marks about the compatbility of the rules with competition law.

More financial problems at Rangers

Rangers are facing more financial turbulence after former director Imran Ahman succeeded in a court bid to freeze £620,000 of their assets over a bonus dispute.   Rangers have appealed the court's decision on the grounds that there has been an 'error of law' and are expecting a hearing tomorrow.