Seems to me
that, notwithstanding the hours of argument (and waffle) and the £££,£££s of
legal costs incurred, the verdict is likely to be precisely that predicted by
many here weeks ago.
Namely that:
1. the sale by Panorama to Lex Dom is indeed contingent on
the buyer (i.e. owner of LD - currently PE) passing the EFL's OADT
2. the buyer has the right, under that contract, for its
appeal against the EFL's initial rejection to be seen through to the completion.
Thus the injunction preventing Panorama from selling CAFC to
a third party will be granted and take effect until such time as the appeal
process is completed.
If the appeal is successful then ownership of CAFC will vest
with Lex Dom. If it isn't, it stays with Panorama.
Ball in EFL's court.
That's my reading of it too. Problem is, who is chairing the appeal & when will it be heard. If it's an independent tribunal (who seem to take ages just to convene) then we could be fucked.
Judge is not sure at all if we'll reach a conclusion today.
Kreamer concerned that we'll struggle to get everybody back on at a different time. Chaisty/Judge already confirmed they are not free tomorrow morn.
#cafc#SaveCAFC
Kreamer argues court should take the course of action that would cause the least irreversible damage. Argues risk to #cafc outweighs risk to Lex Dominus
Kreamer says Mihael asserts there is a "very real risk" of serious sanctions - including expulsion - being imposed on the club.
Mentions Bury. "It is not pie in the sky to state a football club - as a matter of fact - be expelled and cease to exist."
Judge is not sure at all if we'll reach a conclusion today.
Kreamer concerned that we'll struggle to get everybody back on at a different time. Chaisty/Judge already confirmed they are not free tomorrow morn.
#cafc#SaveCAFC
It may be telling that ESI2 have not explained why they expect to win the EFL appeal. Surely if it was on a technicality that was easy to remedy, they would refer directly to what that was. The EFL have had loads of time to have heard this. They are a disgrace to the game.
Comments
Definitely Tracey