Quote from Twitter: it's the phrase 'dubious transactions and costs' that really stands out!! | Truly unfortunate news coming from Belgian side KV Oostende... They have large debt which is unpayable and will declare BANKRUPCTY. ❌ Unable to secure professional licence. It's a dark day for the whole club, fans, staff etc. Statement says the reason for the bankruptcy is a 'series of years of accumulated debts, loans, dubious transactions and costs and therefore a total lack of good management' Let's hope they can return one day and restart. ❤️
It's almost as if he takes clubs hostage, runs them down and then wants blackmail money from those who would be the rescuers. Thanks to Nareev and the others on the board for diluting this guys influence.
It does appear we just about dodged the bullet that is Conway and PMG. They wounded our club and its set us back years but they look like they're killing off completely another club
So the administrator is basically saying they were using one club to funnel money into another club and keep that one running. Very, very naughty and should be barred completely from owning football clubs or being in any senior position.
Conman needs locking up for years. Banned for life from owning any business of any type should happen too. We got lucky as that could have been us.
Didn't we buy the 2 Belgains from clubs he was involved in? For wages and fees way beyond their value!! Plus we 'sold' McGeehan to Oostende which seemed an odd transfer even at that time
If the football league had any morals this charlatan should be run out of football. Conway by name Conman by nature.
Not sure if this was posted at the time (2023). In depth look at Conway's lot. https://sportsinvestment.substack.com/p/pacific-media-groups-disastrous-impact
We did and the fat controller profited very nicely from those deals. Absolute scum of a human being who should be locked away.
If the most serious consequences he faces are being banned from owning football clubs in the future then he's got off very lightly. I'm no expert but I can't believe that some of his actions aren't considered criminal.
Given the Belgian Administrator's statement is there nothing our board can do legally, to have him forcibly removed from involvement in BFC?