Lee Strafford

Who is Lee Strafford?

Lee Strafford is an English businessman, the former chairman of Sheffield Wednesday F.C., the Football club based in Sheffield, South Yorkshire. Strafford is also co-founder of NetStart. He was also co-founder and CEO of successful UK ISP PlusNet.

Strafford became chairman of Sheffield Wednesday on 7 January 2009 and quickly made significant changes to the club including signing a charitable sponsorship deal with Sheffield Children's Hospital. However, it was announced on 17 May 2010 that Strafford had resigned, having failed to ensure that the club stayed in the Football League Championship caused by apparent major disruption within the boardroom. Following his resignation Strafford engaged in a corporate whistle-blowing process, exposing various issues which directly contributed to the club's plight, a plight which almost resulted in the club being placed into administration. The club was bought by Milan Mandaric on 14 December 2010. Mandaric's bid was supported by the club's bankers and major creditor, the Co-Operative Bank, in favour of an alternative bid by members of the incumbent board.

Strafford made his name with Sheffield based Internet provider PlusNet. He took PlusNet from 7 to 200+ employees and from £0 to £100 million market cap, with the company eventually being sold to British Telecom for only £67 million During his time as CEO, the business went through three sale processes, 6 years as a reporting segment of Insight Enterprises Inc, a, one AIM IPO, two and a half years as a plc and was eventually sold to BT Group in January 2007.