His schemes included buying London Welsh, which was in administration, for a
nominal sum of £6 and then duping the clubâs backers to give him £350,000 as
a short-term loan to pay off its debts.
Hollinshead promised to invest £1.4âmillion in the club. In reality he had
little or no money of his own and instead took £156,000 out of the club to
buy a Porsche and a Range Rover. He also owed money to Kenny Logan, the
former Scottish rugby international, and to Tim Cahill, the former Everton
and Australia footballer.
Neil Hollinshead with Kenny Logan
When Hollinshead was investigated by The Telegraph in 2009, he threatened to
sue the newspaper for libel and falsely accused a reporter of harassing his
daughter and even his grandmother. This newspaper had disclosed details of
his fraud to buy London Welsh, having also failed in an attempt to buy
London Scottish, a rival club.
Det Sgt Nick Kemsley, of the City of London police, the lead force for major
frauds, said: âHollinshead was a master conman who used a web of lies and
deception. Money that had been put aside to pay the players and cover club
debts was used to keep his Ponzi scheme afloat and to buy expensive cars.â
According to rugby sources, Hollinshead turned up on the rugby circuit in
2006. He was a hopeless amateur player dubbed âbelliesâ by his teammates at
London Scottish. His eagerness to please made him popular and within two
years, Hollinshead, a business school graduate from Aylesbury, Bucks, was
promising to sponsor the club for £300,000 over three years through his oil
company Saudex Global.
The club, a once great team which was struggling in the professional era,
grabbed the offer. The chairman of Saudex, according to the listings at
Companies House, was Prince Khalid Alwaleed Bin Talal Al Saud, the
great-nephew of Saudia Arabiaâs King Abdullah.
For a season London Scottish played with Saudex Global emblazoned on their
shirts even though Saudex Global was itself a fraud. In an email to The
Sunday Telegraph, in 2009, a spokesman for Prince Khalid said: âHRH Prince
Alwaleed has never heard of Saudex Global nor does he know a Neil
Hollinshead.â
Officials at London Scottish became suspicious about Hollinsheadâs claims of
vast wealth. Logan, a director at London Scottish, began legal action for
£40,000 for sports marketing work he said Hollinshead owed him.
Driven out of London Scottish, Hollinshead turned to the clubâs rival London
Welsh. He bought the club through Red Dragon Rugby, a consortium he said had
£1.4âmillion in the bank. But The Sunday Telegraph disclosed in 2010 that
Hollinshead had faked an email purportedly from HSBC bank showing Red Dragon
had £1.3âmillion in the bank. The email had been sent by an employee called
David Marson who did not exist.
London Welshâs former owners took legal action in the High Court against
Hollinshead, regaining control in the process. They called in the police and
in 2011 Hollinshead was first arrested.
At this point, Hollinshead left the UK while on bail, moving to Dubai where he
set up his own rugby club called Dubai Wasps. In a further attempt to escape
his past, he began wearing a wig and changed his name to Neil Peters.
Eventually, after a three-year investigation by City of London detectives,
Hollinshead faced trial on a string of charges, all of which he denied. Last
week, after a five-week trial at Southwark Crown Court, Hollinshead was
found guilty on three counts of fraud. Jailing Hollinshead, Judge Higgins
described his behaviour as âdespicableâ.
For a brief period Hollinshead had attempted to rule the rugby world.
According to one fan, Hollinshead would turn up at matches with his then
wife Yasmin and their pet bulldog alongside them. They would stroll the
perimeter, Hollinshead waving to the crowd as âif he was minor royaltyâ. His
fantasy is now shredded while the clubs that he tried to rip off â London
Scottish and London Welsh â are both now thriving.
Exposé puts rugby club con man behind bars for seven years
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