Martin Edwards, the former chairman of Manchester Utd, was arrested as part of a money-laundering investigation involving the Liberal Democrats’ controversial backer, Michael Brown, who is currently in Spain awaiting extradition to the UK.
Police arrested Mr Edwards at the beginning of this month and later released him on bail. However, he has not been charged and has since been released from his bail conditions after the money-laundering unit of the City of London Police wrote to him confirming they now believe him to be the victim of fraud.
“I’m not the guilty party,”Mr Edwards said. “I’ve been through a pretty awful time. I’m not being charged and they think I am the victim of investment fraud.” Mr Edwards, who appointed Sir Alex Ferguson manager of Man Utd and left the club in 2000, added that he was unable to comment further.
Though this is an unfortunate way for Edwards — who tried unsuccessfully to sell Manchester United to Rupert Murdoch — to return to the headlines, it’s nothing compared to the peeping tom allegations he faced in the autumn of 2002.