Takeover Thread - July 1st statement, Staveley letter to Tracey Crouch (and response) in OP

[Joey Linton]

5 minutes ago, Darth Crooks said:

Have to admit it does make me laugh when the exposure of cartels is mentioned in these tweets whilst citing Johnson’s support.

Aye but Johnson is our friend now, just like people believe Ashley is.

[Candi_Hills]

21 minutes ago, UncleBingo said:

People who think there isn't a culture of corruption in Britain want to take a look what's been going on here in the last 5 or 6 years.

Brexit, Russian money, cash for questions, Arcuri, Mustique, flat refurbishments, Jenrick, billions on bogus untendered PPE contracts.......it's absolutely fucking rife, and Johnson is at the very heart of it.

It's way bigger than Johnson and you'd probably have to go back to the pre-war period to find a labour government who didn't kick the can down the same road.

[Doctor Zaius]

1 hour ago, manorpark said:

That is very unlikely, given all the currently known information.

It is not impossible (I suppose) but it really is VERY unlikely.

Its already dragged on for a year and a half. Yet it's VERY unlikely for it to drag on into next season? I know there's a limit on responding to the CAT case but there'll be the actual process and then appeals no doubt. If this is all done and dusted by August I'll eat my hat. 

We've been talking about arbitration for months now and we're hearing its only just beginning in July. 

Disappointing that those involved seem a lot less sure about arbitration then before as well. 

[Jackie Broon]

4 minutes ago, Doctor Zaius said:

Its already dragged on for a year and a half. Yet it's VERY unlikely for it to drag on into next season? I know there's a limit on responding to the CAT case but there'll be the actual process and then appeals no doubt. If this is all done and dusted by August I'll eat my hat. 

We've been talking about arbitration for months now and we're hearing its only just beginning in July. 

Disappointing that those involved seem a lot less sure about arbitration then before as well. 

Arbitration is not only just beginning in July. The hearing, the final stage of the process, is happening in July. The hearing will only take about a week and there should be a decision within about a month of that. If the hearing is in early July we should have a decision before the start of the season.

[LV]

3 hours ago, veriaqa said:

Up to this point, I was positive about the takeover.

But in the light of this new information, count me as negativist now.

I had high hope in British legal system for being clean and fair, but now all hope is lost.

I think the state of corruption in the U.K. is being overplayed Veriaqa.

The legal system, while antiquated and inflexible at times, is pretty well respected throughout the legal world and the top judges very much pride themselves on being impartial. 

[LV]

2 hours ago, UncleBingo said:

People who think there isn't a culture of corruption in Britain want to take a look what's been going on here in the last 5 or 6 years.

Brexit, Russian money, cash for questions, Arcuri, Mustique, flat refurbishments, Jenrick, billions on bogus untendered PPE contracts.......it's absolutely fucking rife, and Johnson is at the very heart of it.

Well yeah, politics is a different case entirely. 

[InspectorCoarse]

13 minutes ago, LV said:

I think the state of corruption in the U.K. is being overplayed Veriaqa.

The legal system, while antiquated and inflexible at times, is pretty well respected throughout the legal world and the top judges very much pride themselves on being impartial. 

:  ) Lololololololololololololololololololololololololololololololololololol 

[LV]

1 hour ago, InspectorCoarse said:

:  ) Lololololololololololololololololololololololololololololololololololol 

?

[Dr Jinx]

I think if the legal challenge is about the conclusion that KSA should be a director and nothing else then we could be in some bother. The PL have a fairly straight forward series of links between MBS and PIF too, including evidence of influence over the PIF (that use of aircraft thing in the Khashoggi case for example)

The only way they are winning this case imho, is if they can prove that the outside influence from either Qatar (BeIn) or other PL clubs broke some rules that would override what I mentioned above regarding MBS/KSA

Sure there might be an anti-competition angle there, but enough to force the judge to rule everything in our favour?

I can easily see them coming out of this with a mild slap on the wrist and nothing to force them to change their position. Some of the arsehole journalists will call it a moral victory but ultimately it would achieve nothing.

[andyc35i]

16 hours ago, Dr Jinx said:

I think if the legal challenge is about the conclusion that KSA should be a director and nothing else then we could be in some bother. The PL have a fairly straight forward series of links between MBS and PIF too, including evidence of influence over the PIF (that use of aircraft thing in the Khashoggi case for example)

The only way they are winning this case imho, is if they can prove that the outside influence from either Qatar (BeIn) or other PL clubs broke some rules that would override what I mentioned above regarding MBS/KSA

Sure there might be an anti-competition angle there, but enough to force the judge to rule everything in our favour?

I can easily see them coming out of this with a mild slap on the wrist and nothing to force them to change their position. Some of the arsehole journalists will call it a moral victory but ultimately it would achieve nothing.

Seems plausible. I think it’s more complicated around the separation thing because the PL were meant to fail or pass owners that were put forward according to their own rules. Instead they seem to have said that ‘we don’t believe what you are saying so we will not do anything with the information’ 

[Jackie Broon]

4 minutes ago, andyc35i said:

Seems plausible. I think it’s more complicated around the separation thing because the PL were meant to fail or pass owners that were put forward according to their own rules. Instead they seem to have said that ‘we don’t believe what you are saying so we will not do anything with the information’ 

Exactly, I think even if the arbitration panel and the judge in the CAT case determine that the conclusion of the PL in relation to control was sound, there is possibly still a case there. The PL's actions in delaying and refusing to make a formal decision could potentially be shown to have been influenced in an anticompetitive way.

The club could probably argue that there was financial harm from that, e.g. there were other potential buyers but the consortium had exclusivity while the test was ongoing, by the time that ended the clubs value had fallen and those other buyers were no longer interested.

Ultimately I think the CAT case is mostly about putting huge pressure on the PL to settle the arbitration. If they go through with arbitration they're now facing not just potentially £100m+ costs but Masters and Hoffman possibly losing their ability to make a living as company directors. Whether the PL are confident of their case or not, there will always be some level of doubt and that is a lot to have hanging over them when they could just settle and make it go away.

[TRon]

2 hours ago, Jackie Broon said:

Exactly, I think even if the arbitration panel and the judge in the CAT case determine that the conclusion of the PL in relation to control was sound, there is possibly still a case there. The PL's actions in delaying and refusing to make a formal decision could potentially be shown to have been influenced in an anticompetitive way.

The club could probably argue that there was financial harm from that, e.g. there were other potential buyers but the consortium had exclusivity while the test was ongoing, by the time that ended the clubs value had fallen and those other buyers were no longer interested.

Ultimately I think the CAT case is mostly about putting huge pressure on the PL to settle the arbitration. If they go through with arbitration they're now facing not just potentially £100m+ costs but Masters and Hoffman possibly losing their ability to make a living as company directors. Whether the PL are confident of their case or not, there will always be some level of doubt and that is a lot to have hanging over them when they could just settle and make it go away.

And yet the PL with all this supposedly to lose, continue to stand firm and refuse to settle. 

[Ben]

2 minutes ago, TRon said:

And yet the PL with all this supposedly to lose, continue to stand firm and refuse to settle. 

I'm hoping this is just a continuation of their stalling tactic, hopefully it's all they have.

[FloydianMag]

5 minutes ago, TRon said:

And yet the PL with all this supposedly to lose, continue to stand firm and refuse to settle. 

I guess we’ll see when disclosure takes place in June.

[TRon]

1 minute ago, Ben said:

I'm hoping this is just a continuation of their stalling tactic, hopefully it's all they have.

I suppose they need to show this for their BEIN sponsors as well. 

[Jackie Broon]

16 minutes ago, TRon said:

And yet the PL with all this supposedly to lose, continue to stand firm and refuse to settle. 

They're currently challenging jurisdiction, that is a get out of jail free card for them if it's successful.

It wouldn't make much sense for them to settle until after the outcome of the jurisdiction challenge is known, but it would make a lot of sense for them to settle at that point if the challenge is not successful.

 

 

Edited May 23, 2021 by Jackie Broon

[TRon]

2 minutes ago, Jackie Broon said:

They're currently challenging jurisdiction, that is a get out of jail free card for them if it's successful.

It wouldn't make much sense for them to settle until after the outcome of the jurisdiction challenge is known, but it would make a lot of sense for them to settle at that point if the challenge is not successful.

Let's hope that jurisdiction goes our way then. 

[Pokerprince2004]

Aye Ben Jacobs did a Q&A this morning for an hour on Wraith's podcast, was pretty interesting. He seems to think the BeIn letter isnt important but did mention that NUFC should try and delay arbitration in july until after disclosure phase of Ashleys claim. If arbitration is sorted before disclosure then it wont effect sale he reckons as PIF will be long gone

[FloydianMag]

18 minutes ago, Pokerprince2004 said:

Aye Ben Jacobs did a Q&A this morning for an hour on Wraith's podcast, was pretty interesting. He seems to think the BeIn letter isnt important but did mention that NUFC should try and delay arbitration in july until after disclosure phase of Ashleys claim. If arbitration is sorted before disclosure then it wont effect sale he reckons as PIF will be long gone

Well disclosure will take place early June I understand so there’s still time before arbitration is due to commence in late July. I guess by late June things might be a little clearer although I doubt anyone other than the lawyers will know what’s actually happening. 

[ToonArmy1892]

Imagine if it happens but they keep Bruce. 

[andyc35i]

They will certainly keep Bruce in charge. It happens often with this type of takeover scenario. But the first standard Bruce style horrible run with see him gone

[NE27]

Sorry if I've missed something but is Ben Jacobs some kind of law buff? 

Feel like we hang on his every word as almost gospel, yet I'm not sure how or why he is so involved in any of this other than being a shady fucker who worked for Bein a while ago.

[TheInfiniteOdyssey]

26 minutes ago, ToonArmy1892 said:

Imagine if it happens but they keep Bruce. 

That was the plan if they had taken us over last year wasn't it?

Although, things may now be different considering Rafa isn't in China anymore.

[Ben]

City kept Hughes .............for a bit.

[Stifler]

5 minutes ago, NE27 said:

Sorry if I've missed something but is Ben Jacobs some kind of law buff? 

Feel like we hang on his every word as almost gospel, yet I'm not sure how or why he is so involved in any of this other than being a shady fucker who worked for Bein a while ago.

No, just a journalist with connection to Qatar/BeIN, and the Premier League.