A former cabinet minister and head of the government's football taskforce this morning called for an inquiry into the Football Association's finances in the wake of the resignation of chief executive Mark Palios.
Link: Profile: Footballer-turned-accountant Mark Palios
David Mellor told BBC Radio 4’s Today programme that the Audit Commission should look into the financial state of the sport following the crisis at the FA which led to the resignation of former PwC partner Palios yesterday.
Palios resigned last night following revelations of his affair with Faria Alam, the FA secretary who is also alleged to have had a relationship with national team coach Sven Goran Eriksson.
Sports minister Richard Caborn praised Palios for his work restructuring the FA’s finances since his appointment last year. At the time the FA was reeling with the escalating cost of the Wembley project and Caborn said yesterday: ‘I think Mark Palios did a first-class job in restructuring the FA and dealing with the finances.’
Among those already tipped to succeed Palios is fellow insolvency practitioner and former chief executive of Everton, Leeds United and Chelsea Trevor Birch and Liverpool chief executive and chartered accountant Rick Parry.
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