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Ex football club chairman jailed Ex football club chairman jailed
(40 minutes later)
The ex-chairman of Exeter City Football Club has been jailed for 21 months for fraudulent trading.The ex-chairman of Exeter City Football Club has been jailed for 21 months for fraudulent trading.
John Russell, 51, from West Yorkshire, and his deputy Michael Lewis, 65, from Swansea, pleaded guilty to fraud. John Russell, 51, from West Yorkshire, and his deputy Michael Lewis, 65, from Swansea, both pleaded guilty to fraud.
In 2002, they attracted singer Michael Jackson and illusionist Uri Geller to St James' Park but left the club millions of pounds in debt. Before being appointed chairman in 2002, Russell falsely claimed he had assets which could be used as personal guarantees for the club's debts.
Lewis was sentenced at Bristol Crown Court to 200 hours of community work for playing a lesser part in the fraud.Lewis was sentenced at Bristol Crown Court to 200 hours of community work for playing a lesser part in the fraud.
Russell, of Cannon Hall Close, Brighouse also pleaded guilty to obtaining a pecuniary advantage by deception.Russell, of Cannon Hall Close, Brighouse also pleaded guilty to obtaining a pecuniary advantage by deception.
Bristol Crown Court heard he falsely claimed he had enough money to invest in Exeter City FC before being appointed chairman in May 2002. Chairman 'broke'
During his only season in charge Russell tried to keep the club going but cheques bounced and money earmarked for the club's academy was illegally transferred. A former Scarborough FC chairman, Russell had claimed to own a hotel, property and businesses.
Russell and Lewis, from Loughor Road, Gorseinon, continued trading despite knowing the club was insolvent and unable to repay loans. Paul Dunkels, prosecuting, said: "He was broke. He had no assets, no money and no bank account and certainly had no money to invest in Exeter City."
Russell and Lewis, from Loughor Road, Gorseinon, continued trading and paid themselves generous consultancy fees despite knowing the club was insolvent and unable to repay loans.
The court heard how they moved money from accounts to buy themselves time, cheques were bounced and money earmarked for the club's academy was illegally transferred.
They left the club £4.5m in debt, but the men blamed the previous regime for the club's position.
In sentencing Russell, judge David Ticehurst told him he had betrayed the club's fans and treated it as his own personal domain.
During the pair's time in charge, singer Michael Jackson was made an honorary director of the club, and visited the club's St James Park with Uri Geller, who was appointed vice chairman.
They said they believed they were caught after Uri Geller reported them to the police.They said they believed they were caught after Uri Geller reported them to the police.
The football club is now being run by a supporters' trust. The supporters' trust later took over the club and agreed to pay back 7p in the pound to creditors.