The Football League has confirmed that Notts County Football Club has complied with its regulations on Fit and Proper Persons. This decision is based on the extensive disclosure provided by the club with regard to its ownership structure.
This structure is complicated, and features both offshore entities and discretionary trusts. Together with the initial hesitation of the club's ultimate owners to identify themselves, this made for a lengthy and at times difficult process.
However, following greater co-operation from the club more recently, The League is now in a position to confirm that it is in possession of the appropriate details for those individuals that exercise control over the club. The League has also noted the club's announcement on Monday, October 12 that its consultancy arrangement with Russell King has been terminated.
It is a matter for the club to determine what ownership information it makes public.
This is the first case determined by the League following the recent announcement that it would require disclosure of ownership of clubs that wish to play in its League.