Connect with us

Uncategorized

Ex-Villa and Man City player ‘broke strict FA rules’ to invest in Swindon

Ex-Villa and Man City player Gareth Barry ‘broke strict FA rules’ to invest in Swindon Town, a court has heard this week.

He pumped a total of £800,000 into the League Two high flyers, but now has been dragged into a legal dispute.

www.fanbanter.co.uk – Fan reaction to the latest football news, gossip & funnies

The astonishing claims dates back to 2013 and was revealed to be part of a judgement that was handed down earlier this month by Mr Michael Green QC at the Royal Courts of Justice.

Barry’s agent, Michael Standing, took Swindon chairman Lee Power to court by filing an injunction that claimed he had invested in £800,000 in the club in March 2013.

But Power insists that it was Barry who actually put the money in.

Michael Green said in his judgment, which was in favour of Standing: “Mr Power does not deny there was another person involved in the acquisition but extraordinarily he says it was not Mr Standing but Mr Standing’s very good friend, the well-known England international footballer, Mr Gareth Barry.”

The Judge revealed Power claimed Barry made an oral agreement to invest in Swindon during a meeting at the midfielder’s house in March 2013.

Power insisted Barry didn’t buy shares in the club but instead the cash injection gave him the rights to 50% of any future Swindon profits, including from transfers.

The judge said the deal needed to be a secret as it was against FA rules for Barry, as a player, or Standing, as an agent, to invest in a football club.

He added that Barry strongly denied investing directly in Swindon but admitted lending his “good friend” Standing the money so he could.

The judge wrote: “Mr Barry says categorically he was not the investor and did not agree anything with Mr Power.”

It is understood Standing took his legal action to ensure he benefits from a possible imminent sale of Swindon.

The court heard the League Two club were now valued at £7.5million.

Fans took to social media after finding out that the ex-Villa and Man City player ‘broke strict FA rules’ to invest in Swindon…

Like what the Fan Banter have on offer? Sign up for more League Two notifications!
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement
Advertisement

More in Uncategorized