We want our money back!

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Saturday, June 27, 2009
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This is Derbyshire

THREE former bosses at Derby County who took more than £400,000 from the club have been told: Give the money back.

Fans have rounded on Andrew Mackenzie, Murdo Mackay and Jeremy Keith and demanded they repay the cash.

Keith, 44, a former Rams chief executive, was yesterday convicted of false accounting after helping to hide payments of £375,000 plus VAT.

It came 24 hours after ex-finance director Mackenzie and former director of football Mackay were convicted of defrauding the club, by conspiring to take the cash illegally.

The verdicts brought to an end an 18-month police investigation which covered four countries, and which saw more than 150 people quizzed.

John Hemsworth, chairman of Derby County Supporters' Clubs, said: "They were entrusted with looking after the club but took money for their own ends.

"It's totally unacceptable and not fair on the fans. The name of the club has been put through the wringer. The money should come back to Derby County."

Mackenzie, 55, of Burton Road, Littleover, had been associated with the club for 11 years. He came in for heavy criticism for his part in the conspiracy.

Mr Hemsworth, who helps to run 16 supporters' clubs, said: "You would think he, being from Derby and involved in the club for many years, would be a staunch Derby County person.

"He is the one that really surprises and disappoints me – he came across as a solid, reliable individual."

The three men were accused of illegally taking payments after they arranged a £15m loan for the Rams when a new consortium took control in October 2003.

The prosecution claimed they had taken the payments without permission of the club's board, and then deliberately hid them.

A fourth man, solicitor David Lowe, 58, of Boulevard des Moulins, Monaco, was found guilty of helping to launder £81,895 of the money.

Accountant Mark Waters, 48, of Bromley, Kent, who worked for the board at the time of the buyout, was found not guilty of false accounting.

A jury of seven men and five women deliberated for 30 hours before coming to their final decision in the four-month trial.

The defendants had denied all charges.

The jury was discharged from returning a verdict on another count faced by Keith, of Abingdon, Oxfordshire – that of conspiracy to defraud.

It is thought at least one of the defendants – Mackay, 53, of Fife – will appeal.

Senior investigating officer in the case, Detective Sergeant Ian Penman, said: "I am extremely pleased with the outcome. This was an important investigation because Derby County is an integral part of the local community.

"The team attracts crowds of 30,000 people to its home matches and I would imagine that the vast majority of those people would take an interest in the financial side of the business and how the money is spent.

"Customers clearly invest a lot of their hard earned cash into the club... so it was in the public interest that this allegation was investigated properly."

A Derby County spokesman said the end of the trial closed a "sorry chapter in the proud history" of the club, which will decide over the coming weeks whether it will try to reclaim the money.

Derbyshire police said it would look into getting the money back via the Proceeds of Crime Act.

The four defendants, who have all been bailed, will be sentenced at Northampton Crown Court, where the trial was held, on July 17.

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6 Comments

  • Profile image for This is Derbyshire

    by peter ambler, spondon

    Saturday, June 27 2009, 12:48PM

    “i do hope this repayment back to the supporters is with interest .as they have probally made interest on it in various ways /plus compansation that money could have bought a player .who may have saved them from relagation .so whoever the judge maybe .make an example of them .perhaps it will encourage the police to look into mp.s who have conned ratepayers.out of hard earnt cash .lower class people go to prison for less /they are people who are supposed to set examples to the less fortunate /peter ambler”

  • Profile image for This is Derbyshire

    by frank, Derby

    Saturday, June 27 2009, 12:27PM

    “I echo that about the statue Albert Park.
    You have to wonder how many other clubs have these kinds of things happen and nothing comes to anyone's attention.”

  • Profile image for This is Derbyshire

    by Moot, Derby

    Saturday, June 27 2009, 11:24AM

    “Major Chord. I can understand your concern. However this trial was located in Nothampton to try to avoid the local prejudice you mention.

    Most Rams fans knew their was something dodgy about this board. Even some of the local press questioned the source of their finances. Something just did not add up about them. They did not help themselves by being very secretive about the financing of the take over.

    The whole thing stunk to high heaven and I am glad it's now over and I hope they get appropriate punishment.”

  • Profile image for This is Derbyshire

    by Albert Park, Derby

    Saturday, June 27 2009, 10:33AM

    “If the money can be repayed back to the Club/Fans, then some of it could be used to contribute towards the Clough and Taylor Statue project.”

  • Profile image for This is Derbyshire

    by Major Chord, Littleover

    Saturday, June 27 2009, 8:40AM

    “Well done the fraud squad!
    It just illustrates the police can do very good work in bringing people to justice.
    BUT with long running fraud investigations of this kind, it raises the validity of a standard untrained jury for this type of case. How do we know that just blind local prejudice and perhaps a little ignorance may contribute sometimes to a miscarriage of justice?”

  • Profile image for This is Derbyshire

    by mr, derby

    Saturday, June 27 2009, 8:28AM

    “i'm not being funny but this came as no surprise as i think 9 out of 10 rams supported had a feeling there was something dodgey about this bunch since the 1st day they took over.good riddance to them and i sincerely hope they all get long sentences.”

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