THE MAJOR sponsor of Harlow Town Football Club has gone into administration.

Pardus Wealth is not only the major sponsor of the club but the ground, the Pardus Wealth Stadium, is named after the organisation.

An announcement was made on the government’s companies house website, which updates on the state of affairs of businesses.

On July 24th, it announced that Pardus Wealth had gone into liquidation.

Pardus Wealth is described on the Harlow Town website as “a major figure in the acquiring and hypothecation of illiquid assets for the purpose of entering trade programs”.

However, where it says click more for details, the Pardus Wealth website is down.

Pardus Wealth was run by Greg Bryce, who, we understand, is the son in law of the owner of Harlow Town Football Club Limited, Tommy Cunningham.

Court documents in a case of SIA Investment Industry v Pardus Wealth Limited and Gregory Robert Bryce revealed that, in October, Mr Bryce had been found in contempt of court for ‘breaching asset freeze order’.

In the 35-page document, Judge Bryan concluded:

I am satisfied so that I am sure that all the required elements of the following alleged
contempts of court alleged in the Contempt Application are clearly established beyond
reasonable doubt:-

(1) Mr Bryce failed to comply with paragraph 8 of the Freezing Order at the time he was
required to do so, and in the List of Assets email provided thereafter.

(2) Mr Bryce failed to comply with paragraph 10 of the Freezing Order in failing to swear
and serve an affidavit setting out the information required by paragraph 8 of the
Freezing Order.

(3) Mr Bryce entered into a loan extension with West One Limited which incurred
additional fees and decreased the available equity in Saffron House in breach of
paragraph 4(1) of the Freezing Order.

I declare that Mr Bryce has committed a Contempt of Court in the respects set out in
the preceding paragraph, and an Order will be drawn up accordingly.

I adjourn sentence to a date to be fixed so as to provide Mr Bryce with an opportunity
to provide any mitigation he may wish to advance, and I will give consequential directions
in relation to that, and the sentencing hearing hereafter.

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We sent a number of questions to Harlow Town Football Club. They have yet to reply.