Soccer Club Sues Ex-Directors Over Stand Building Loans

By Ronan Barnard (August 3, 2022, 8:06 PM BST) -- A Northern English soccer team has sued three of its former directors over the financing of a new stand for its stadium, accusing them of breaching their duty to the club.

Oldham Athletic (2004) Association Football Club Ltd. is suing former directors Simon Corney, Simon Blitz, Daniel Gazal and Brass Bank Ltd., saying it discovered after its 2018 takeover that its financial affairs were in such bad shape that the former directors had breached their duties, according to newly-public High Court documents

After football agent Abdallah Lemsagam took over the club from Corney in January 2018, the company allegedly uncovered a...

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