The future of Waterford FC will not be affected by the ruling at Preston Crown Court that owner Andy Pilley (pictured above) has been found guilty of fraud regarding the alleged mis-selling of energy supply contracts through his Business Energy Solutions (BES) and other companies.
After a trial that began last October, the jury reached an unanimous verdict on Friday afternoon with the 52-year-old Blues chairman remanded in custody ahead of a sentencing date to be fixed on Tuesday.
In a complex trial before the courts, Pilley was found guilty of all charges facing him with the trial judge His Honour Knowles KC indicating that the Waterford FC owner could be likely to face a prison sentence.
Pilley, 52, from Thornton, was found guilty of 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 issued to the Waterford News & Star, Waterford FC said: “Waterford Football 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.”