Waterford FC owner Andy Pilley awaits sentencing in England this evening having been found guilty of all charges by a Preston Crown Court.
Following an eight-month trial, the 52-year-old Pilley will be sentenced on "two counts of running a business with the intention of defrauding creditors, one count of false representation and one count of being concerned with the retention of criminal property."
In a statement to WLR Sport the club "acknowledges the verdict in the court case involving club Chairman, Andy Pilley. The Chairman would like to reassure supporters the club will continue to operate as normal. Today’s verdicts will not affect the running or future of Waterford Football Club. The club will be making no further comment at this time."
As reported by the Blackpool Gazette, "The charges relate to the various businesses Pilley owns under the umbrella name Business Energy Supplies (BES). The prosecution was brought by regional Trading Standards."