New PFA storm as Gareth Griffiths’ Gordon Taylor funding scheme for current and former stars is labeled a ‘conflict of interest’
- The PFA has started a joint initiative with an asset manager
- Pro Sport Wealth Management was founded by former player Gareth Griffiths
- He is a trustee of the PFA Charity and sits on their business advisory committee
- The initiative, called MyProPlan, aims to help players manage their money
The Professional Footballers’ Association has launched a joint initiative with an asset manager set up by a trustee of their own charity.
In what some say is a conflict of interest, the union – whose charity is being investigated by the Charity Commission – has partnered with Pro Sport Wealth Management, whose former player is Gareth Griffiths general manager.
Griffiths, who played for Port Vale, Wigan and Rochdale, is a trustee of the PFA Charity and sits on the PFA’s corporate advisory committee, which determines the £ 2.3m salary of chief executive Gordon Taylor.
The PFA has launched a joint initiative with Gareth Griffith’s asset manager
Last week, the PFA launched a joint initiative with the Griffiths company called MyProPlan, described as a “new financial planning tool, helping current and former footballers to proactively manage money.”
Sources claim that MyProPlan is just a mechanism for directing players to place their investments with the Griffiths company.
In what seems like a coordinated marketing push for their trustee’s company, the PFA’s website conducted a Q&A last week with former Bury and Rochdale player Tom Kennedy, who has worked for Pro Sport Wealth Management for the past two years.
Griffiths sits on the PFA’s business advisory committee, which determines Gordon Taylor’s £ 2.3 million salary
In the puff, Kennedy emphasizes the importance of financial planning. At the bottom of the interview, there is a link to the MyProPlan service. “It is absolutely brutal,” said a former player. Griffiths is a PFA trustee, helping to fix Gordon’s salary and – guess what – his company gets a lot of publicity from the PFA. If that’s not a conflict of interest, I don’t know what it is. ‘
Pro Sport Wealth Management became an official PFA partner in 2011. It is endorsed by Taylor and has been listed in his most recent accounts as an ‘investment broker’ with the PFA Charity.
The Charity Commission launched an investigation into the PFA Charity in 2018 after explosive revelations in Sportsmail’s interview with PFA chairman and former Walsall defender Ben Purkiss.
Griffiths, who played for Port Vale, Wigan and Rochdale, is a trustee of the PFA Charity
At the time, the Charity Commission said they would “investigate concerns about the PFA Charity’s relationship with the PFA and their management of conflicts of interest.”
In January, the Commission announced that it split up the probe in a legal investigation, still ongoing, prompted by “serious concerns.”
The PFA has launched an independent board investigation, and 75-year-old Taylor has said he will step down as he has been on the job since 1981.
The PFA declined to comment when approached by Sportsmail.