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Post by gazz on Jul 4, 2017 16:44:14 GMT
From yesterday's Court Report on the Blackpool site following expert evidence from both sides as to the the valuation of the club - "One interesting last thing from the Judge - he asked both sets of Counsel in the written representations to cover whether him making a large award to VB would damage the long term safety of the football club." All evidence now given. Expecting a final judgement on Friday. What a strange thing to announce if he hasn't already made his mind up yet ? That is just bizarre, Lennie, but perhaps we shouldn't be too surprised by it given what's gone on during this whole sorry state of affairs. |
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Post by bringbacklenwhite on Jul 4, 2017 20:54:09 GMT
VB is Valeri Belekon the Latvian banker who is claiming returns on his investments prior to
the Premiership adventure.
The Belekon QC Mr Andrew Green has torn both Oystons to shreds this week. Also from yesterday
in his questioning of Oystons expert valuer:-
Paraphrased - Would a return to the Premiership increase the value of Blackpool club ?
Reply - It just couldn't happen to any club nowadays.
But it happened to Bournemouth !
Reply - That was 3 years ago, I repeat it couldn't just happen nowadays.
So how have Huddersfield managed it ?
Reply - Total silence.
QC's never ask a question unless they already know the answer.
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Post by sandbachhatter on Jul 4, 2017 21:54:36 GMT
Rule 101 of cross-examination. Always know the answer to the question before you ask it.
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Post by bringbacklenwhite on Nov 6, 2017 14:25:06 GMT
The London Court Case verdict has just been handed down (eventually).
The Oyston's need to pay £31.7m to Belekon + Interest and + costs !!!!!!
A staggering amount. With a further £3m owing from a Manchester based case last year.
Think they might be looking for new owners very soon.
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Post by gazz on Nov 6, 2017 15:12:07 GMT
The London Court Case verdict has just been handed down (eventually). The Oyston's need to pay £31.7m to Belekon + Interest and + costs !!!!!! A staggering amount. With a further £3m owing from a Manchester based case last year. Think they might be looking for new owners very soon. I don't know what that will mean for the short-term in Blackers, but the long-term future without the Oyston's has got to be worth any short-term pain. |
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Post by bringbacklenwhite on Nov 6, 2017 15:43:07 GMT
£10m to be paid within 28 days, rest over 12 months apparently.
Can't use club money to pay the debt, says Judge. Belekon 50% shareholder.
Liquidating the club not really an option then. Think it will go up for sale very soon
as they relinguish any assets to cover costs.
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Post by gazz on Nov 6, 2017 16:14:01 GMT
£10m to be paid within 28 days, rest over 12 months apparently. Can't use club money to pay the debt, says Judge. Belekon 50% shareholder. Liquidating the club not really an option then. Think it will go up for sale very soon as they relinguish any assets to cover costs. The sooner the better, matey. Hopefully the fans can then have their great old club back. I can envisage a few with a crisis of conscience over at Fylde and Fleetwood when that happens! |
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Post by ceefer on Nov 6, 2017 19:41:22 GMT
Hopefully they will sell up, but you would think they have a karge property portfolio - hate to say it but inthink they could probably realise that kind of money in a year. I guess it comes down to whether they want to stay or not.
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Post by bringbacklenwhite on Nov 6, 2017 19:46:21 GMT
Will no doubt have to go through appeals situations first.
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Post by another_ruined_saturday on Nov 6, 2017 20:55:48 GMT
wow. i suspect there will be dancing in the streets of buxton! whether or not this does culminate in them selling up; whatever damage they try to cause in exit; it's toxic enough that regardless there will be howls of laughter at them getting such a substantial slap. the amount is more than i'd seen discussed - i thought they were talking £20-25m if they lost. fingers crossed that this is the beginning of the end for them, and that the seasiders will be left standing afterwards.
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Post by bringbacklenwhite on Nov 10, 2017 17:02:09 GMT
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Post by gazz on Nov 10, 2017 17:09:42 GMT
You just have to hope that the right people come forward to bid, as I can't see the owners being overly concerned with 'due diligence' as long as they get their price.
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Post by bringbacklenwhite on Feb 3, 2018 9:39:49 GMT
This week's goings-on at the basket case of a club. fansonline.net/blackpool/article.php?id=2757Fail to meet the second £10m payment deadline to Belekon on Wednesday, back in court on Monday next week. Grandson made new CEO last week, daughter elected on to Board last week and promoted to Chairperson yesterday !! Karl removed from the Board of every Oyston based business registered at Company House. Watch this space. |
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Post by gazz on Feb 3, 2018 11:19:20 GMT
This week's goings-on at the basket case of a club. fansonline.net/blackpool/article.php?id=2757Fail to meet the second £10m payment deadline to Belekon on Wednesday, back in court on Monday next week. Grandson made new CEO last week, daughter elected on to Board last week and promoted to Chairperson yesterday !! Karl removed from the Board of every Oyston based business registered at Company House. Watch this space. Bloody hell - if I didn't know better I'd swear that this was a reality TV show. Jerry Springer would have a field day with this. |
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Post by bringbacklenwhite on Feb 3, 2018 11:45:23 GMT
Soap Opera wouldn't come near to describing the antics at Bloomfield Road.
The scriptwriters would throw it out as totally implausible.
New foreigner owners apparently on the horizon with a local "living abroad" involved, and being "brokered by
another League Club Chairman". So the rumour goes.
The thick plottens.
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