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ESI 1 v ESI 2 - Initial Hearing 01-02/09/2020, Court of Appeal 17/09/2020 (p127)

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    Chaisty says Mihail's evidence should be treated with extreme caution and care. He says his client wants speedy resolution. Although they are seeking interim order at this juncture.
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    Elliott's Lawyer concentrating on mistruths in Mihails statement.

    Nimer failed to put any finance into the club. Elliott did in June
    Bit stupid when you don't own the club.
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    A QC might know his gravy, but not if he gets told a load of bollocks by his client
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    Chaisty says his clients understand the necessity for a speedy conclusion and are extremely anxious for this matter to proceed quickly. #cafc #SaveCAFC
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    I know you only judge a wicket after both teams have had a knock, but this isn't a great start. 
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    I hope I'm wrong here but can't see Elliott losing this case...
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    Chaisty says his clients are anxious to progress matters, but Mihail has not shown any evidence about state of negotiations for sale to other, just referrred to third party press reports.
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    Chaisty: "I ask you to treat his (Mihail's) evidence with extreme caution.
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    Carry on Courting.
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    Where's NLA when you need him B)
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    Sounds like there is some paperwork stating the transfer of shares from ESI1 to 2?
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    edited September 2020
    Indeed. Elliot seems to be arguing that he believed the deal with him was watertight and as such, put money into the club.
    That sounds quite a strong defence to me??
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    Chaisty says contract to sell is signed and not in dispute. Drag along provisions re Southall activated in May.
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    Valley11 said:
    Indeed. Elliot seems to be arguing that he believed the deal with him was watertight and as such, put money into the club.
    That sounds quite a strong defence to me??
    It does yes. So why is he not listed as the owner of ESI on Companies House. I'm sure we'll hear that question soon. 
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    Southall effectively out of the picture
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    Surely Elliott putting money in (dubious) and Nimer not putting any in is irrelevant. The club was operating financially, yes?
    He has not got the funds too run Charlton FC .
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    edited September 2020
    Valley11 said:
    Indeed. Elliot seems to be arguing that he believed the deal with him was watertight and as such, put money into the club.
    That sounds quite a strong defence to me??
    Yes, it does sound pretty strong if there is paperwork relating to the transfer of shares. 
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    Seems like the legal defence is that granting the injunction will cause harm to the club? But ESI lawyer saying no proof presented that any other negotiations are close to being completed. 
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    Will wait to hear Laura Kreamer speak for Panorama Magic but........
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    No necessity to join Southall to the action as no indication he will resist sale.
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    Valley11 said:
    Indeed. Elliot seems to be arguing that he believed the deal with him was watertight and as such, put money into the club.
    That sounds quite a strong defence to me??
    Not necessarily. It’s like test driving a car and replacing a bald tyre that went flat on the test. Doesn’t mean you own the car. 
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    The EFL haven't obviously helped our case
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    Chaisty says deal was signed by both parties in May and that Southall's shares would transfer over as part of "drag along". Also says no indications Southall would try to sell his stake - which he can't do legally anyway.
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    Don’t remember crown court being like this.

    "You, the jury, decide" - I wish.
This discussion has been closed.

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