Nantes Court Case - a non issue ? : I like

[Forever Blue]

Nantes Court Case - a non issue ? :

I like many others suspect that the remaining Sala court case against Nantes may have a significant impact on Tan selling the Club - before its conclusion .


viewtopic.php?f=2&t=204226

However should it be ?

Tan can easily sell the Club and yet having the court case continue under the new owners ….while the legal proceedings remaining 100% under his control and at his expense .


Any income by way of court ruling , settlement would go to him . Such a mechanism is easy to put in place .


Therefore , is the Bantes court case a non issue as far as selling the Club is concerned ? It looks to me that it is .


viewtopic.php?f=2&t=204226

[montyblue]

Nantes Court Case - a non issue ? :

I like many others suspect that the remaining Sala court case against Nantes may have a significant impact on Tan selling the Club - before its conclusion .


https://cardiffcityforum.co.uk/viewtopi ... 2&t=204226

However should it be ?

Tan can easily sell the Club and yet having the court case continue under the new owners ….while the legal proceedings remaining 100% under his control and at his expense .


Any income by way of court ruling , settlement would go to him . Such a mechanism is easy to put in place .


Therefore , is the Bantes court case a non issue as far as selling the Club is concerned ? It looks to me that it is .


https://cardiffcityforum.co.uk/viewtopi ... 2&t=204226

Annis

It could be used as another excuse to produce groundhog day
which we as fans have become used to the last few seasons.

[cityone]

Nantes Court Case - a non issue ? :

I like many others suspect that the remaining Sala court case against Nantes may have a significant impact on Tan selling the Club - before its conclusion .


viewtopic.php?f=2&t=204226

However should it be ?

Tan can easily sell the Club and yet having the court case continue under the new owners ….while the legal proceedings remaining 100% under his control and at his expense .


Any income by way of court ruling , settlement would go to him . Such a mechanism is easy to put in place .


Therefore , is the Bantes court case a non issue as far as selling the Club is concerned ? It looks to me that it is .


viewtopic.php?f=2&t=204226

I see what you're saying Annis but i think any potential new owners would want tbis court case done and dusted before they took over the club. As i stated yesterday, idealy it's settled out of court which means a quicker result, and if it goes in Tans favour then he may drop the asking price. (Depending on the amount he wins)

[piledriver64]

As I mentioned in another thread, wouldn’t any recouping of the transfer fee/damages have an impact on our FFP compliance given that we’ve accounted for that £15m spend ?

That would certainly make us more attractive if we had £15m in FFP wriggle room wouldn’t it ?

[cityone]

As I mentioned in another thread, wouldn’t any recouping of the transfer fee/damages have an impact on our FFP compliance given that we’ve accounted for that £15m spend ?

That would certainly make us more attractive if we had £15m in FFP wriggle room wouldn’t it ?

Yes it would.

[Forever Blue]

As I mentioned in another thread, wouldn’t any recouping of the transfer fee/damages have an impact on our FFP compliance given that we’ve accounted for that £15m spend ?

That would certainly make us more attractive if we had £15m in FFP wriggle room wouldn’t it ?

Yes it would most definitely but we would have to win first etc

[Forever Blue]

Nantes Court Case - a non issue ? :

I like many others suspect that the remaining Sala court case against Nantes may have a significant impact on Tan selling the Club - before its conclusion .


viewtopic.php?f=2&t=204226

However should it be ?

Tan can easily sell the Club and yet having the court case continue under the new owners ….while the legal proceedings remaining 100% under his control and at his expense .


Any income by way of court ruling , settlement would go to him . Such a mechanism is easy to put in place .


Therefore , is the Bantes court case a non issue as far as selling the Club is concerned ? It looks to me that it is .


viewtopic.php?f=2&t=204226

Annis

It could be used as another excuse to produce groundhog day
which we as fans have become used to the last few seasons.

I totally see where your coming from, excuse after excuse we only ever hear.

[Forever Blue]

Nantes Court Case - a non issue ? :

I like many others suspect that the remaining Sala court case against Nantes may have a significant impact on Tan selling the Club - before its conclusion .


viewtopic.php?f=2&t=204226

However should it be ?

Tan can easily sell the Club and yet having the court case continue under the new owners ….while the legal proceedings remaining 100% under his control and at his expense .


Any income by way of court ruling , settlement would go to him . Such a mechanism is easy to put in place .


Therefore , is the Bantes court case a non issue as far as selling the Club is concerned ? It looks to me that it is .


viewtopic.php?f=2&t=204226

I see what you're saying Annis but i think any potential new owners would want tbis court case done and dusted before they took over the club. As i stated yesterday, idealy it's settled out of court which means a quicker result, and if it goes in Tans favour then he may drop the asking price. (Depending on the amount he wins)

Yes in an ideal world Paul, but as I stated Tan could take total responsibility for it and it’s not like we are being sued Tan is suing Nantes, so NO losses to us if Tan guarantees the cost La etc if he loses.

[JB1]

The biggest stumbling block appears to be having genuine buyers being able to meet the seller's valuation.

[GrangeEndStar]

I think it is an issue and will influence things with VT.

Yesterday I posted the directors & auditors report that clearly state said there are concerns about us as a "going concern". In the same report, this and the ES case take prominence. So as it is prominent along with the "going concern" statement that relates to raising new capital from VT, it seems like it will be a factor.

Re FFP, we have two things coming in that should provide some easement but it appears that as the ES case is prominent, as is the "going concern" statement, it's definitely in the mix.



viewtopic.php?f=2&t=239209

[Forever Blue]

The biggest stumbling block appears to be having genuine buyers being able to meet the seller's valuation.

Tans had 4 including Sam,

But honestly for me we are def not worth £200 Mill and we have £110 Mill of debts , plus for years our players have been virtually worthless.

Madness the asking price.

[Forever Blue]

I think it is an issue and will influence things with VT.

Yesterday I posted the directors & auditors report that clearly state said there are concerns about us as a "going concern". In the same report, this and the ES case take prominence. So as it is prominent along with the "going concern" statement that relates to raising new capital from VT, it seems like it will be a factor.

Re FFP, we have two things coming in that should provide some easement but it appears that as the ES case is prominent, as is the "going concern" statement, it's definitely in the mix.



viewtopic.php?f=2&t=239209

Thanks Paul,

I gladly appreciate your input

[GrangeEndStar]

I think it is an issue and will influence things with VT.

Yesterday I posted the directors & auditors report that clearly state said there are concerns about us as a "going concern". In the same report, this and the ES case take prominence. So as it is prominent along with the "going concern" statement that relates to raising new capital from VT, it seems like it will be a factor.

Re FFP, we have two things coming in that should provide some easement but it appears that as the ES case is prominent, as is the "going concern" statement, it's definitely in the mix.



viewtopic.php?f=2&t=239209

Thanks Paul,

I gladly appreciate your input

No problem Annis. It's all there on Companies House for anyone to read and fact check details etc.

[snoopystorm]

I think he’s using not selling the club as a point to show the offers he’s had are below the expected value he would have got with the extended stay in the PL, he’s using a prediction of over 51% staying up so would he be relying on a similar prediction that the club would have been worth more??

[worcester_ccfc]

I think that’s right what you say.

Should Tan sell the club, he will maintain the legal case against Nantes. He will then benefit from any money he gets from that case.

For the record, I don’t think he will win against Nantes anyway.

[Forever Blue]

Replies:

[Forever Blue]

I think that’s right what you say.

Should Tan sell the club, he will maintain the legal case against Nantes. He will then benefit from any money he gets from that case.

For the record, I don’t think he will win against Nantes anyway.

Exactly Ned,

We can still sell the club it does not hurt the Sale at all.

I will also state like I did on the first 4 cases where Tan tried to deny Sala was ours and the 3 cases he refused to
Pay.

We lost the lot and cost us £millions in interest, costs, embargo etc
We will loose this.

If Sala had been fully insured we would of had No need to sue, the insurance company would of taken care of it all.
We got less than £3mill of them, that I was told by a board member.

[Paul Keevil]

The biggest stumbling block appears to be having genuine buyers being able to meet the seller's valuation.

Tans had 4 including Sam,

But honestly for me we are def not worth £200 Mill and we have £110 Mill of debts , plus for years our players have been virtually worthless.

Madness the asking price.

Sheffield United was sold for £130m if I am not mistaken, and they were on the verge of making it to the Premier League.

We are a debt-ridden club who are on our way to Division 1. I would guess our value is at £100m max at the moment and closer to £50m in a few season's time - the way things are going.

Now offers the best opportunity for VT to maximise his return on the club - especially as his family want out as well

[JulesK]

Nantes Court Case - a non issue ? :

I like many others suspect that the remaining Sala court case against Nantes may have a significant impact on Tan selling the Club - before its conclusion .


https://cardiffcityforum.co.uk/viewtopi ... 2&t=204226

However should it be ?

Tan can easily sell the Club and yet having the court case continue under the new owners ….while the legal proceedings remaining 100% under his control and at his expense .


Any income by way of court ruling , settlement would go to him . Such a mechanism is easy to put in place .


Therefore , is the Bantes court case a non issue as far as selling the Club is concerned ? It looks to me that it is .


https://cardiffcityforum.co.uk/viewtopi ... 2&t=204226

I see what you're saying Annis but i think any potential new owners would want tbis court case done and dusted before they took over the club. As i stated yesterday, idealy it's settled out of court which means a quicker result, and if it goes in Tans favour then he may drop the asking price. (Depending on the amount he wins)

Yes in an ideal world Paul, but as I stated Tan could take total responsibility for it and it’s not like we are being sued Tan is suing Nantes, so NO losses to us if Tan guarantees the cost La etc if he loses.

Annis, do you know if in the business world that if Tan lost the Nantes case he could put all the costs onto the club.
What I'm thinking is for him it's win win if he could as if he wins he pockets the money but if he loses then it doesn't cost him anything.

[pembroke allan]

The biggest stumbling block appears to be having genuine buyers being able to meet the seller's valuation.

Tans had 4 including Sam,

But honestly for me we are def not worth £200 Mill and we have £110 Mill of debts , plus for years our players have been virtually worthless.

Madness the asking price.

Sheffield United was sold for £130m if I am not mistaken, and they were on the verge of making it to the Premier League.

We are a debt-ridden club who are on our way to Division 1. I would guess our value is at £100m max at the moment and closer to £50m in a few season's time - the way things are going.

Now offers the best opportunity for VT to maximise his return on the club - especially as his family want out as well

Unfathomable situation! Not worth 200m but won't sell for under that...... yet he knows that he runs the risk of club being worth less and less after this season and subsequent seasons.... just what is his end game? Promotion to premier league is hardly likely without spending reasonable amounts on decent players something it looks less likely given what was posted yesterday....

[JJ1927]

As I mentioned in another thread, wouldn’t any recouping of the transfer fee/damages have an impact on our FFP compliance given that we’ve accounted for that £15m spend ?

That would certainly make us more attractive if we had £15m in FFP wriggle room wouldn’t it ?

Should do because it formed part of our loss three or four years ago so if we get any back it will go straight to the bottom line profit

[JulesK]

The biggest stumbling block appears to be having genuine buyers being able to meet the seller's valuation.

Tans had 4 including Sam,

But honestly for me we are def not worth £200 Mill and we have £110 Mill of debts , plus for years our players have been virtually worthless.

Madness the asking price.

Sheffield United was sold for £130m if I am not mistaken, and they were on the verge of making it to the Premier League.

We are a debt-ridden club who are on our way to Division 1. I would guess our value is at £100m max at the moment and closer to £50m in a few season's time - the way things are going.

Now offers the best opportunity for VT to maximise his return on the club - especially as his family want out as well

Unfathomable situation! Not worth 200m but won't sell for under that...... yet he knows that he runs the risk of club being worth less and less after this season and subsequent seasons.... just what is his end game? Promotion to premier league is hardly likely without spending reasonable amounts on decent players something it looks less likely given what was posted yesterday....

End game.... plenty of pain for returning to BLUE.

[Forever Blue]

Not to do with Sala:


I’ve just been told:

“ We will know more by end of week good or bad as everything is on hold till then.”

[JulesK]

Not to do with Sala:


I’ve just been told:

“ We will know more by end of week good or bad as everything is on hold till then.”

Sounds ominous.

[pembroke allan]

Not to do with Sala:


I’ve just been told:

“ We will know more by end of week good or bad as everything is on hold till then.”

Sounds ominous.

Suspect if bad news it would be out by now

[JulesK]

Not to do with Sala:


I’ve just been told:

“ We will know more by end of week good or bad as everything is on hold till then.”

Sounds ominous.

Suspect if bad news it would be out by now

Never seems to be much of the other type about these days Allen.

[pembroke allan]

Not to do with Sala:


I’ve just been told:

“ We will know more by end of week good or bad as everything is on hold till then.”

Sounds ominous.

Suspect if bad news it would be out by now

Never seems to be much of the other type about these days Allen.

Tbh any good news can get hijacked so doesn't stay good for long..

[JulesK]

Not to do with Sala:


I’ve just been told:

“ We will know more by end of week good or bad as everything is on hold till then.”

Sounds ominous.

Suspect if bad news it would be out by now

Never seems to be much of the other type about these days Allen.

Tbh any good news can get hijacked so doesn't stay good for long..

Aye, well right there mate.

[piledriver64]

Not to do with Sala:


I’ve just been told:

“ We will know more by end of week good or bad as everything is on hold till then.”

Sounds ominous.

Not necessarily, I’ve said all along that the Sala case would not go to a full trial and that, depending on legal advice, one side or the other will either withdraw the claim (us), or settle the case (Nantes).

Either that or maybe it’s a decision on the manager ? I’m not bothered either way on that one but we do need a decision !!

[Liles93]

My gut feel is that Tan will claim the £120m from a win in the courts and use that to leverage the debts we owe him as a club before selling on with a relatively fresh balance book. I don't think we'll see the end of Tan before this case is over.