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Preston North End Chairman banned from being company director

Preston chairman Peter Ridsdale has been disqualified from acting as a company director for seven and a half years, the Insolvency Service has said yesterday.

Risdale's sports consultancy collapsed in 2009 owing £442,353 in tax and it was alleged that payments totalling £347,000, for services provided by the business to a football club where he was chairman, were paid into his personal bank account between May 2007 and March 2009 instead of to the company's account.

Mr Ridsdale said the dis­qu­ali­fica­ti­on, for which he has given an undertaking, was "a result of ongoing issues with a personal matter which occurred in 2009".

The ban prevents Mr Ridsdale from acting as a director, but also from taking part - directly or indirectly - in the promotion, formation or management of a company.

A spokesman for Preston North End said: "We are aware of it [the finding] but cannot say anything at the moment."

Mr Ridsdale has previously been chairman of Leeds United, Barnsley and Cardiff City football clubs.

FH

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