Former England and Manchester United captain Bryan Robson has gotten into a fair bit of trouble after he was caught in a TV sting by Channel 4’s Dispatches programme.
During an exchange with undercover reporters, Robson advised them to buy Sheffield Wednesday, telling them they could make up to £300 million by gaining promotion to the Barclays Premier League. The part that got Robson into trouble was him suggesting ways of getting around football’s strict rule of owning more than one club.
Robson was acting in his capacity as adviser to the London Nominees Football Fund. The Football Fund is a hedge fund available to accredited investors in Singapore and also has Peter Reid as one of the advisers.
It aims to generate returns from a few areas of the game:
Joe Sim, also involved with the Football Fund, told the undercover reporters (who were posing as interested investors) of his friendship with Alex Ferguson and how he could get players loaned from Manchester United once they have bought the club.
The claims have been denied by Alex Ferguson.
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If you read the background of London Nominees a number of the people involved in the company were also involved with Profitable Plots. This fact alone would suggest caution should be used before sending any funds to them. Their web site is also very vague about what it is they actually do.
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