Associate
Well if MB is correct and he does hold Veto power on the board, it should be a very short hearing.
Liverpool Takeover Thread
- Thread starter antijoke
- Start date
Well if MB is correct and he does hold Veto power on the board, it should be a very short hearing.
It's almost certain that RBS won't call the loan in until every avenue for the board to force the sale through is exhausted, even if that goes weeks beyond the deadline. Broughton is quoted as saying that beyond the court case next week, the board have a few more ways they believe they can force the sale.
Let's just hope they can deliver the knockout blow at the earliest possible opportunity though.
Caporegime
- Joined
- 21 Jun 2006
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- 38,366
are you allowed to make a donation to a football club?
if you are then the new rules would be pointless,
hi, im sheikh mansour and i want to donate £500 million to man city.
what was your income this year? £600 million thanks to the £500 million donation.
how much did you spend? £300 million meaning we made a profit of £300 million and aren't operating at a loss.
if you are then the new rules would be pointless,
hi, im sheikh mansour and i want to donate £500 million to man city.
what was your income this year? £600 million thanks to the £500 million donation.
how much did you spend? £300 million meaning we made a profit of £300 million and aren't operating at a loss.
Caporegime
- Joined
- 21 Jun 2006
- Posts
- 38,366
You have an answer for everything, dont you?
seems like a simple way to me of getting around any rules brought in. or you could always cook the books so to speak by getting a dodgy accountant in or doing it yourself. there will be ways around it, so i doubt man city or chelsea will be in any trouble what so ever.
Associate
Soldato
It would be very interesting to know who's paying for the respective legal teams.
I still can't see how they can actually stop them putting money in. For example what's to stop them charging £30 million for an executive box for the season?
First reaction: Ahahahahahahahah ok buddy.
Second, considered reaction: You honestly think that if someone took control of one of the biggest clubs in the country, and simply had them turning their own operating profit into spending power every season, they couldn't challenge for the top 4? Despite the fact that Arsenal, Tottenham, Everton, Villa and Man United manage it? Ahahahahahah ok buddy.
Because it's pretty obvious?
I'm pretty sure that, short of straight fraud on the balance books, its going to be tough for clubs to have cash secretly injected, since they operating income/costs is a very clearly defined section of the finances.
Associate
There are no rules to say that they can't charge £10m per box. Also no rules to say that the Roman's company can't sponsor Chelsea for £100m a season. There will be lots of ways around these rules, they will make little difference.
Caporegime
Have you read these rules?
That might lead to clubs getting massive cash "donations" to inflate their budget until they're not allowed.
Erm they've stated those will be outlawed. You also couldn't give 500 people a million quid a piece and tell them to buy merchandise.
COURT 18
Before MR JUSTICE FLOYD
Tuesday, 12 October 2010
At half past 10
Skeleton arguments and bundles for any listed application must be delivered by 10 a.m. on the day before the hearing of the application: see paragraph 7.22 of the Chancery Guide (December 2009). The Chancery Listing Office will accept them if delivered to Room WG4 in time. The papers for any urgent unlisted application (and any skeleton argument or bundle sought to be delivered out of time) must be delivered directly to the Judge's Clerk.
Further directions and information about interim applications, and the skeleton arguments and bundles to be prepared for them, will be found in chapters 5 and 7 of the Chancery Guide.
Attention is drawn in particular to paragraphs 7.31 and 32 of the Chancery Guide, which warn of the consequences, including costs sanctions, which may follow from the failure to lodge skeleton arguments and bundles on time.
APPLICATIONS
Exception VAR Ltd v Goff
Drummond v Drummond
Superyachts.com Ltd v Bodington
Wilkinson v North
Lloyds TSB v Williams Gee Yeung Law
Slutsker v Haron Investments
Royal Bank of Scotland PLC v Hicks & ors
Have fun hicks.
Before MR JUSTICE FLOYD
Tuesday, 12 October 2010
At half past 10
Skeleton arguments and bundles for any listed application must be delivered by 10 a.m. on the day before the hearing of the application: see paragraph 7.22 of the Chancery Guide (December 2009). The Chancery Listing Office will accept them if delivered to Room WG4 in time. The papers for any urgent unlisted application (and any skeleton argument or bundle sought to be delivered out of time) must be delivered directly to the Judge's Clerk.
Further directions and information about interim applications, and the skeleton arguments and bundles to be prepared for them, will be found in chapters 5 and 7 of the Chancery Guide.
Attention is drawn in particular to paragraphs 7.31 and 32 of the Chancery Guide, which warn of the consequences, including costs sanctions, which may follow from the failure to lodge skeleton arguments and bundles on time.
APPLICATIONS
Exception VAR Ltd v Goff
Drummond v Drummond
Superyachts.com Ltd v Bodington
Wilkinson v North
Lloyds TSB v Williams Gee Yeung Law
Slutsker v Haron Investments
Royal Bank of Scotland PLC v Hicks & ors
Have fun hicks.
Yeah ok, I'm sure some really obvious method of adding money that you thought up in five minutes will have completely skipped their stringent financial rules.
"What's that? You have a cheque from a Mr. R. Abramovic, covering an order for 500 million replica shirts? Seems perfectly sound to me, go right ahead!"