The third instalment in the Vince McBean Files, a new series looking at Clapton FC chief executive’s track record working in football and charity sector.
How Mr McBean managed to get control of Clapton FC is particularly complicated and disputed.
Indeed, campaigners insist the transaction was never legal in the first place and this may still be challenged in the courts, 18 years on.
However, as much as we can surmise, here’s what we believe happened…
A company called Knights Securities Plc agreed a deal in November 1999 to pay £63.200 for Clapton FC.
Mr McBean represented the company in negotiations with the club, and had until recently been on its committee, but he had quietly stepped down, leaving his friends and former partners on the committee.
A cheque was issued for the sale, signed by Mr McBean, although it is point of dispute whether the payment actually went through.
Following this takeover by Mr McBean’s associates, the assets of the club were transferred to a new company, Clapton Members Club.
This proved to be a rather ironic company name since the previous life members, committee members and club members of Clapton FC were cast aside, and the club has remained closed to new members due to ‘restructuring’.
Seven months later, Mr McBean’s associates on Knights Securities committee pushed through one last deal, selling Clapton Members Club on to Mr McBean himself.
The price? Just £4,800! That’s around £7,600 at today’s prices.
That was Knights Securities Plc’s last act before it was struck off at Companies House in February 2001.
We have asked Mr McBean for comment via Clapton FC but the club have recently reiterated that “we will not be responding directly to Clapton FC News on any issue relating to the club, its members, officers, players or activities.”
- Read part one of the Vince McBean Files – how he paid himself £9,050 per WEEK running a charity for the homeless before it collapsed
- Read part two of the Vince McBean Files – the chequered history of the Old Spotted Dog in the McBean era