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2h ago

Three Convicted in Pension Fraud That Used Louis Tomlinson–Fronted Doncaster Rovers Bid

Sentencing in January follows testimony that the failed bid helped mask £3.7m taken from over 200 pension holders.

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Overview

  • Kevin Phelan, Daniel Giles and Adrian Bashforth were found guilty last month at Leeds Crown Court and face significant jail terms.
  • Prosecutors said the proposed Doncaster Rovers takeover was deployed to explain away missing cash from a pension‑liberation scheme.
  • Court evidence put losses at £3.7m with about £1.3m returned to more than 200 victims.
  • Louis Tomlinson was the public face of the 2014 bid and launched a £6m crowdfunder that brought in about £600,000, including a £500,000 loan linked to the gang, before donations were returned.
  • Reported terms said Sequentia Capital SA would hold 70% with Tomlinson and former chairman John Ryan at 10% each and supporters at 5%, and there is no suggestion Tomlinson or Ryan knew of the fraud.