$13m owed: Ferrari-driving businessman declares bankruptcy – Daily Mercury

A former Ferrari-driving businessman has declared bankruptcy after his four companies collapsed within eight months owing about 200 creditors $13 million. Sunshine Coast businessman Gordon Smith, who last year promoted his investment company as being “solid as a rock”, is unable to pay back the creditors of his four property development and wealth businesses, liquidators’…

$13m owed: Ferrari-driving businessman declares bankruptcy – CQ News

A former Ferrari-driving businessman has declared bankruptcy after his four companies collapsed within eight months owing about 200 creditors $13 million. Sunshine Coast businessman Gordon Smith, who last year promoted his investment company as being “solid as a rock”, is unable to pay back the creditors of his four property development and wealth businesses, liquidators’…

Company directors: if you can’t stand the heat, get out of the kitchen – Livewire Markets

In recent years, the lobby group for directors of large companies has been increasingly whingeing about various avenues for company directors to be held accountable. Its a bizarre position; highly paid people who hold themselves out as experts, demanding protection from the consequences when they fail to act reasonably. They have seized upon the Covid-19…

Harsher, more personal repercussions for failure to pay players to follow privatisation – Goal.com

The privatisation of Malaysian clubs is expected to lead to harsher, more personal repercussions for the failure to pay players and staff. The club privatisation drive currently being pushed through by the Malaysian FA (FAM) will introduce several beneficial changes in Malaysian club’s operations, according to its general secretary Stuart Ramalingam. In a press briefing…