The FA, Premier and Football League have agreed to overhaul the test for prospective owners. About bloody time.
First problem is, how many of the owners that have been passed would they be legally able to block though? If you block someone from taking over a club and they challenge it in court they could be awarded damages that would force the football authorities concerned into admin themselves. There was someone involved in it for the FL on the BBC website saying as much a few weeks ago defending themselves over Pompey. Second problem is, the test is only as reliable as the information submitted. Rangers owner passed the original test because they didn't declare his expired disqualification from being the director of a company and has now failed a test. Third problem, they don't have the money to investigate every single appointment/takeover has priovided accurate information. Pompey for example were bought by someone who not long before it was declared fit and proper by the Swedish government when they ok'd his takeover of Saab. The FA/FL who have a much smaller budget than the Swedish government for doing things like this decided that as he'd passed the Swedish test it wasn't worth them committing too many resources to investigating him themselves (going back to the legal challenge mentioned in the first point). I don't know where on the site it'll be now, but that's basically what the article on the BBC said.