They have allowed a club to move to another stadium when the club has a long term contract at their current stadium.
Least you can have a pint while watching the game lolIs all this pissing anyone else off?
I had a look at season tickets for the Rugby yesterday, egg chasing for f*ck sake.
Surely this will have an impact on whether ACL now accept the CVA?
Is all this pissing anyone else off?
I had a look at season tickets for the Rugby yesterday, egg chasing for f*ck sake.
I also expect any legal action to be at the full contract value of 1.2m per year at least. I doubt NTFC could afford to risk fighting this as losing would see them bankrupted.
Seems like ending CCFC is the only & easiest option!
Reckon so.
If I understand it correctly, acceptance of the CVA would involve the acceptance of a small sum for the termination of the lease.
If they were going to accept termination of the lease, I'd assume that they wouldn't be taking this action against Northampton.
So, if all of that is true, I'd say that it looks like the CVA is going to be rejected.
The strange thing is now.
If SISU do get back in at the Ricoh they will potentially be around longer holding out for an over valuation of the club.
If they go through with thd hair brained scheme they will be gone sooner....
No I didn't say (and haven't ever said) that at all, what I said was they have to protect their business in the interests of the shareholders who are the owners of the business. If you poach a client of a firm who has a legal contract with them then the directors of that firm would be failing in their duty to the shareholders if they didn't take steps to recover the cost of the contract. They would leave themselves open to legal action if they didn't.
Is all this pissing anyone else off?
I had a look at season tickets for the Rugby yesterday, egg chasing for f*ck sake.
This Is an Interesting little Sentence.
No that's not what I'm saying, you're saying that the loss of the lease in Ltd would yield better dividends which as far as I am aware haven't ever been paid to ACL shareholders.Really? Wow so what you are saying is that even though the removal of the club would actually yield better dividends and profits as the gold mine is released the shareholder have to sue ACL? I didn't know that.
Are the shareholders thousands of different investors? Are the dividends likely to go down? What have the dividends been like up to now?
i work in law, got to say - sorry guys but this litigation stands no chance.
i work in law, got to say - sorry guys but this litigation stands no chance. Northampton have not stolen the Ricohs client. the contract was breached by the admission of the Ricoh hence the administration application they made. theyre not going to convince a judge after that they had no intention of removing sisu from the contract. Sisu had already breached the lease, the owners correct course of action is against sisu, now they can not do that they are desperately seeking compensation from other sources, Northampton have done nothing wrong at all. there is nothing to stop a business running from as many diferent premises as they want. Nothing in the lease would have tied ccfc owners to the ricoh other than monies owed, any business under commercial law can walk away and breach the terms of the lease, open their venture up at another premises, do you think the landlord could sue the new landlord? no they claim against the tenant for breach. this is a non starter it will be struck out
i work in law
The closest you will ever get to being in law is being a mother in law
My arse do youi work in law
The name Cardoza sounds like he's some sort of leader of a Columbian dugs cartel
Or "The Legend of Cardoza's Gold". Possibly an 80's Spectrum computer game. Definitely a platform game I reckon.
the legal chap speaking on behalf of ACL seemed to imply there was an argument to be had that the lease is tied to the golden share and even if SISU liquidate ltd with the lease in it ACL have a claim that it's still valid.
Cardoza might regret publicly saying SISU could afford ot pay the rent but chose not to. that comment alone will prevent him pleading ignorance of the situation.
Great twist! I'm no lawyer but it surprises me if they have any right to sue (the club they had an agreement with is in administration so I thought the deal was broken) but if this is true, it may be a good tactic to scare NTFC away - and with what the police have said and fans pressure etc, NTFC may just renege on their agreement yet.
Fingers crossed.
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