Ex-football agent guilty of tax charge

by Calum Fuller

More from this author

12 Jul 2012

  • Comments
hmrc-2

A FORMER FOOTBALL AGENT has admitted mishandling the financial affairs of England and Liverpool player Stewart Downing.

Ian Elliott, from Newcastle, was handed a six-month jail term – suspended for two years – after he failed to provide proper information for tax returns when he was secretary for the midfielder's company.

He acted for the former Aston Villa and Middlesbrough man when million-pound contracts were signed, reports the BBC.

Downing said he and his family were "let down badly" by Elliott, who was also accused of "woeful ineptitude".

The charges relate to 2007 and 2008, when Downing played for Middlesbrough and emerged after an investigation into Elliott's companies, conducted by HM Revenue & Customs.

He was working as secretary of Stewart Downing Promotions Ltd – a service company set up to manage Downing's image rights and other matters.

Elliott also ran his own businesses, including a promotions company and a kitchen supplier, which Downing used.

He was responsible for handling large sums of money, but his work was described in court by one accountant as "one of the worst accounts I have seen in my working life".

Elliott is now working as a commission-based salesman and kitchen fitter and living in rented accommodation, Simon Pentol, defending, told the court.

Summing up, Judge Martin Bethel QC told Elliott: "Stewart Downing is and has been for a number of years a very successful, high-earning footballer.

"You befriended him and his family when he was very young and you took them into your confidence. They trusted you."

Downing, who now plays for Liverpool, said: "I'm obviously very sad. I put a lot of trust into him. I think me and my family were let down very badly.

"It's obviously been a hard time for me, trying to play football with this on my mind. But you learn from your mistakes. I have to move on now and look back on this in a few years knowing I've moved on."

Elliott was originally charged with fraud against Downing, with the case heard in York and Hull. However, he admitted a new charge of failing to keep accounting records when the case came to Doncaster, and the crown chose not to proceed with any of the other charges.

Visitor comments

blog comments powered by Disqus
display:none

Add your comment

We won't publish your address


By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

Submit
  • Send

Newsletters

Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials

Careers

Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you

Briefings

budget-management

Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.

cchcover

iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.