Archive for tag: Fans 401 takeover plans.

Probing the pension broker behind NUST.

February 4th, 2010 | 163 Comments |

SIPP Broker Ltd's Lynn Steele (right).
SIPP Broker Ltd's Lynn Steele (right).
The acronym “SIPP” (Self Invested Personal Pension) has recently become a familiar one to all those who have supported the NUST in their bid to drive owner, Mike Ashley, from St James’s Park. It is one of the primary financial vehicles used to persuade people to invest savings and pensions in the NUST’s Barack Obama inspired “Yes We Can” campaign.

In this story I will be looking at the financial brain behind the NUST, Lynn Steele, and her company, “The SIPP Broker Ltd”, in Halifax. Formed less than two years ago, the SIPP Broker Ltd’s rise has been not far short of meteoric, and it’s business development team includes figures such as ex Chelsea player, David Speedie, and ex ‘Spurs player, Graham Roberts, who were brought in to exploit oppotunities from the highly lucrative world of football.

It was Speedie who caused a huge furore in 2004 after referring to black people as “blackies” and “ni**ers” at a charity function, after agreeing with Ron Atkinson’s comments about black player, Marcel Desailly, who was described as a “lazy thick ni**er” by the veteran manager and pundit. It was Roberts who, in his capacity as a business development advisor for the pension selling firm, also fronted the “Fans 401” bid for Newcastle United some time ago.

On that bid, Lynn Steele said in an interview with the Halifax Courier:

“The supporters’ trust is the key.” (more…)