If you have the cash available, it’s a lot easier to buy a football club here than to open a bank account or put £1,000 into an ISA. Many owners would not pass even the most basic ‘anti-money laundering’ checks and as advisers we’d have a duty to report them. We can go to prison if we can’t be sure the ‘source of funds’ is pukka. I know a few Newcastle fans, most of whom say, ‘well, can’t be worse than the current owner.’ He’s the notorious owner of Sports Direct’ who insisted his shop staff were ‘key workers’ at the start of lockdown. As far as we know, however, he doesn’t go in for public crucifixions, the murder of political dissenters or the indiscriminate bombing of women and children. Don’t take the money, guys.
“Sunak and Hunt accused of ‘damaging UK plc’ over NatWest boss’s exit”
Here’s the flip side. Should a business not have the right to choose whom it serves? If you as a client, or more likely potential client, rub us up the wrong way, are a declared anti-vaxxer or support the barges, can we not, as a business, say ‘Be Gone’?
