BfB

The 5-0 defeat to Notts County at the start of the season seemed like the first steps in a new Empire of football at Meadow Lane with the home team – Sven, Sol et al – inexorably rising through the leagues starting with a coasting of League Two. The Munto Group, funded in a Byzantine labyrinth of financial twists involving a “Middle East” organisation called QADBAK, were going to make a mark in sports starting with the oldest league club in football.

The Bantams were blown away by a set of very good footballers playing very well that day but that August afternoon seems increasingly long ago for the Magpies.

This week the Guardian released information to the effect that an investigation by Formula One into the QADBAK attempt to purchase the BMW Sauber team the findings of which seemed to be that QADBAK, Munto Group, County’s holding company Blenheim 1862 and First London all seemed to lead a trail back to a man called Russell King of whom the words “convicted fraudster” are often associated.

David Conn – the hero of football finance investigation – has spent months on unravelling this situation (and a similar oddity at Elland Road) and even his dedicated research has not been able to get to the bottom of the situation although his prompting has seen the Football League begin questioning County again.

County’s attitude to any questions on the people who own the club is aloof to say the least with head honcho at Meadow Lane Peter Trembling stating that “the people who need to know, know” when asked about the owners of the club who he characterised as “Middle East investors” that turn out to be based in Pakistan – not the Middle East – if indeed the location of incorporation of one of the many companies in the pyramid can be said to be a base. Trembling put down any queries or ill feeling County provoked as being a kind of sour grapes, as being jealousy.

One wonders what Trembling would say about Formula One’s rejection of the QADBAK money in their notoriously cash strapped sport. Hardly the stuff of envy the main reason that F1 sent QADBAK packing was because – well – they could not find any money at the end of the trail they followed and had more of a care over the sanctity of their sport than The Football League had.

The Football League took in whatever investment came into Meadow Lane with glee and welcomed Sven-Goran Eriksson to the lower leagues of the game with a level of investigation which they have twice felt the need to reopen. Sol Campbell walked away from County complaining that not much was happening to suggest that there was a revolution in progress and talk emerges that Eriksson might end up at Cadiz sharing his time between the two clubs should he be paid a few million pounds he was promised.

The worry – the worry when words like “fraudster”, “pyramid” and “no money at the end of the trail” start to be banded about is that at some point of putting sums between accounts then there will be a case where the cupboard is bare and the League Two all-star – assembled from the high earners of clubs like City and from the division above – would in short order find that the patience, the sympathy, the regard for football’s oldest club had gone. The adage of being nice on the way up because one would meet those people on the way back would come into force with the caveat that the rise had been – potentially – rather shallow.

Perhaps though the Formula One investigation has found one thing and another is the case. Perhaps County with the six figure debt winding up orders, the questions from Sven, the walking out of Sol and so on and so forth are simply a business who do business that way. Messy, but above board.

All of which concerns City little. County come again for a fourth game at Valley Parade after new year and will have the usual squad of quality players because unless the unravelling some see happening at Meadow Lane is more rapid than anyone could predict. Nevertheless though there will be an effect on the Bantams, and on everyone in football.

If – as doom sayers looking at the County situation would predict – everything at Meadow Lane build since the summer turns into a weight to drag the oldest club out of existence then the credibility of the game both in League Two and beyond suffers.

The attempts of clubs to raise money are hampered by another football failure and the integrity of the competition is damaged by the collection of Ben Davies, Graeme Lee et al assembled on what would be in this scenario false pretences unbalancing the league.

Moreover though such a situation demands questions of the footballing authorities and the Football League itself which at the moment seems to be less well governed than an organisation headed by Max Mosley and allows clubs to be bought and paid for with wind and ghosts.

Perhaps then calls for proper regulation of clubs, of owners and of the money in the game at this level might reach levels where they can not be ignored.