Absolutely nobody pumps £500k into a business without the correct audit trail being in place 😂 😂 😂 if this sum was put into the club it should take all of 5 minutes to reconcile it. This crowd are just beyond comprehension! This is where I think we owe TS a massive thank you as without doubt he saved us from this crowd and I doubt we would still be here bemoaning our performances if he didn’t step in
Can you imagine though if the scenario were accurate I.e. you did put £500k in and almost immediately it’s wiped out and you have nothing to show for it.
That would be mad
You’d expect he would have fallen out with Farnell and co if that scenario was how it played out.
Can you imagine though if the scenario were accurate I.e. you did put £500k in and almost immediately it’s wiped out and you have nothing to show for it.
That would be mad
You’d expect he would have fallen out with Farnell and co if that scenario was how it played out.
Mate there is absolutely no scenario where anyone with £500k to invest into a business ( bar a big lottery winner the day after the cheque clears ) does so without following due diligence. That just isn’t how it works
Can you imagine though if the scenario were accurate I.e. you did put £500k in and almost immediately it’s wiped out and you have nothing to show for it.
That would be mad
You’d expect he would have fallen out with Farnell and co if that scenario was how it played out.
Mate there is absolutely no scenario where anyone with £500k to invest into a business ( bar a big lottery winner the day after the cheque clears ) does so without following due diligence. That just isn’t how it works
Of course. I’m just saying if it were in some other universe true how ridiculous that would be.
You would need to be a mug punter / investor of the highest degree !
Regarding due diligence that’s why of course it makes no real sense for anyone to invest unless they are a fan or in our case such a large consortium (who are taking a punt) the downside is relatively minor.
Absolutely nobody pumps £500k into a business without the correct audit trail being in place 😂 😂 😂 if this sum was put into the club it should take all of 5 minutes to reconcile it. This crowd are just beyond comprehension! This is where I think we owe TS a massive thank you as without doubt he saved us from this crowd and I doubt we would still be here bemoaning our performances if he didn’t step in
Absolutely nobody pumps £500k into a business without the correct audit trail being in place 😂 😂 😂 if this sum was put into the club it should take all of 5 minutes to reconcile it. This crowd are just beyond comprehension! This is where I think we owe TS a massive thank you as without doubt he saved us from this crowd and I doubt we would still be here bemoaning our performances if he didn’t step in
My understanding is he dotted the i's and crossed the t's with the takeover. A shame it all went sideways after.
Strange to be taking this action 4.5 years after the event isn’t it
Speculative punt in my opinion.
He probably has 6 years, given the statute of limitations, to recover any debt if it legally exists and hopes, given the change (s) in ownership, those with the knowledge to tell him to f*** off have disappeared and that the new regime might cough up for a quiet life.
Doubtful I dont think our American owners are such soft touches.
I agree with you that the present owners are unlikely to be a soft touch but the likes of Elliott, Farnell, Southall have such hubris that they believe they can intimidate anybody.
Non story. Elliott didn’t want to spend significant legal fees going after Saandgard so he didn’t pursue a claim when saandgard wouldn’t negotiate a settlement. New owners with money - try again. They won’t negotiate either so this will go away.
Strange to be taking this action 4.5 years after the event isn’t it
Speculative punt in my opinion.
He probably has 6 years, given the statute of limitations, to recover any debt if it legally exists and hopes, given the change (s) in ownership, those with the knowledge to tell him to f*** off have disappeared and that the new regime might cough up for a quiet life.
Americans love a bit of legal shenanigans, I expect them to say bring it on. 🫤
Wonder if our old mate Chris Farnell will be representing him?
Not representing him I am sure, but I am equally sure its his idea.
Where on Earth do you think someone as reputable as Chris Farnell - "who has represented former world heavyweight champion Tyson Fury and acted on behalf of footballer Cristiano Ronaldo" - would get the idea that it's worth going to court over a claim over the interpretation of a £500,000 payment/loan?
He hasn't been involved in anything like that for ... *checks notes* - more than a month.
Isn't the key issue one that was brought up on the last court case? If I remember correctly, the Judge asked if CAFC was the only asset of East Street Investments. Elliot's barrister said it wasn't, which is why the proceedings were taken out against ESI in the first place. A magnificent piece of legal legerdemain was performed by the CAFC team, (including the marvellous Lauren Creamer) by shuffling papers, and staying shtum. Because of this, it lead to Sandgaard purchasing Charlton Athletic Holdings (NOT ESI) for £1.
As far as I can see, Mr. Elliot can pursue his case against ESI (good luck with that!) or, at best, Thomas Sandgaard.
Wonder if our old mate Chris Farnell will be representing him?
Not representing him I am sure, but I am equally sure its his idea.
Where on Earth do you think someone as reputable as Chris Farnell - "who has represented former world heavyweight champion Tyson Fury and acted on behalf of footballer Cristiano Ronaldo" - would get the idea that it's worth going to court over a claim over the interpretation of a £500,000 payment/loan?
He hasn't been involved in anything like that for ... *checks notes* - more than a month.
Imagine thinking you've reached an agreement on something worth £500k but it's never written down? Then imagine your business is involved in the legal sector ......... the mind boggles!!!
In practice there's a reason these types of people don't have this stuff written down into anything resembling a clear and straightforward legal agreement. It's all about smoke and mirrors.
Wonder if our old mate Chris Farnell will be representing him?
Not representing him I am sure, but I am equally sure its his idea.
Where on Earth do you think someone as reputable as Chris Farnell - "who has represented former world heavyweight champion Tyson Fury and acted on behalf of footballer Cristiano Ronaldo" - would get the idea that it's worth going to court over a claim over the interpretation of a £500,000 payment/loan?
He hasn't been involved in anything like that for ... *checks notes* - more than a month.
Farnell’s firm have since settled what was a £1m debt. Story doesn’t confirm amount of settlement, but does say he’s now considering a claim against another party in the deal - Global Sports Data & Technology Ltd. One of the two directors of this company is…Russell Slade!!! 🤔
It seems that there should be a good piece of advice for anyone considering doing business with Farnell: avoid getting involved in a deal with him, because you'd end up being sued. Unsuccessfully.
Good summary by the judge: ‘no arguable defence’ and ‘no rational prospect of success’. He added: 'It is an example of a case where a “cloud of objections” has been raised to “obfuscate the real issues”
Sounds like that might be a summary of Farnell's whole career.
Comments
if this sum was put into the club it should take all of 5 minutes to reconcile it. This crowd are just beyond comprehension! This is where I think we owe TS a massive thank you as without doubt he saved us from this crowd and I doubt we would still be here bemoaning our performances if he didn’t step in
You’d expect he would have fallen out with Farnell and co if that scenario was how it played out.
Regarding due diligence that’s why of course it makes no real sense for anyone to invest unless they are a fan or in our case such a large consortium (who are taking a punt) the downside is relatively minor.
https://www.dailyecho.co.uk/news/10733510.former-southampton-midfielder-dennis-wise-wins-court-case/
A shame it all went sideways after.
I was just responding to @Addicktion_to_red's post
Problem solved
He hasn't been involved in anything like that for ... *checks notes* - more than a month.
https://www.lawgazette.co.uk/news/sports-law-firm-fails-to-block-advertisement-of-winding-up-petition/5121330.article
As far as I can see, Mr. Elliot can pursue his case against ESI (good luck with that!) or, at best, Thomas Sandgaard.
In practice there's a reason these types of people don't have this stuff written down into anything resembling a clear and straightforward legal agreement. It's all about smoke and mirrors.
https://www.lawgazette.co.uk/news/sports-law-firm-settles-debt-dispute/5121620.article
https://globalsportsdataandtechnologygroup.co.uk/
The man who screwed Farnell!!
Sounds like that might be a summary of Farnell's whole career.