I've started another thread as other relevant ones seem to be running out of juice and I'm so p....d off that I hope we can continue the arguments. In other words I need to vent!
I just don't get the comment by the administrators that they want to compromise the claims by W and M but that the EFL will not allow that in spite of statute. As the EFL regulations set out the arbitration requirement and the rules applying to arbitration I cannot see how the EFL can have any control over the arbitration itself once started. I assume that the "statute" in question is the Arbitration Act.
The arbitration rules make it clear that any decision by the arbitrators must be based on the law so that must include the provisions of the said Act!!! It must also include general legal principles of proof, causation, reasonableness, call it what you will.
So, I say to the administrators, tell W and M to proceed with arbitration and be damned. At least it will get the whole wretched business resolved. It will take some time but it seems we are now stymied by these stupid allegations in any event so they must be got rid of even if it means(extremely unlikely by any legal standards) that we have to pay the beggars something. It surely cannot amount to the stupid amounts being suggested.
Comments please!
EFL and arbitration
posted on 18/1/22
Changing back again, if I was a potential owner I might think that I could take on the risk of future payouts to Middlesbrough and Wycombe. If the claims ended up being successful then surely precedent would be set and DCFC could then do the same to QPR? I wouldn't want to see this sort of dog eat dog approach but I am not a ruthless buisinessman. I know who is, though......
posted on 18/1/22
Changing it again, Rooney now out to 3/1 second fav. with Drunk Dunc as 7/4 fav.
posted on 18/1/22
Can I suggest an early match thread View where we can combine all comments. So many threads it is becoming confusing.
posted on 18/1/22
comment by đ´ó §ó ˘ó łó Łó ´ó ż HebridesRam (U2909)
posted 3 minutes ago
Can I suggest an early match thread View where we can combine all comments. So many threads it is becoming confusing.
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Hear, hear.
posted on 18/1/22
That's actually my concern Vidals. If any of the bidders were serious they'd take on Borough and Wycombe. If any of them had money they could drag Borough through the legal quagmire, the EFL dragged us through.
Part of me was hoping they were waiting to try and force the EFL's hand, but losing Jags and Shinnie is a bad business move if staying up is part of the business plan.
Maybe Ashley prefers the fire sale approach and buy low in league one. We could do with a genuine serious competitive buyer to up the stakes. Isn't there some oppressive warlord or regime somewhere that doesn't have a football club ???
posted on 19/1/22
On my evening walk, thinking about the matter in hand, which is on everyones mind, I found myself drifting into a daydream. As I am now 'semi-retired', I tend to inhabit the world of extreme tv watching and this led me to imagine that I was watching an episode of Dragons Den. The concept that was being proposed seemed to have excellent potential and be a highly promising investment. The company had a tremendous history and reputution behind it, as well as an extensive and devoted customer base. Several of the Dragons, initially, were extremely interested in making an investment.
However, on further interogation from the big feller at the end, it appeared that, in recent years, the ceo of the company had taken out a huge number of loans to blithely follow a direction that had since been found to be completely flawed. This had taken the company to the very edge of bankrupcy.
On hearing this, the Dragons were distraught and reticent to make any offers. The level of liability meant there was far too much risk for them to take on and make the company a viable proposition.
One of the more free-thinking Dragons, who generally tends to see things from a different angle, thought that it would be a disaster for the whole community, and not just the customers, if the company went to the wall. He/she made a generous offer for 50% of the business. The severe risk being effectively halved, there was much scratching of heads and another Dragon was encouraged to pitch in with a similar offer. This, in effect, they decided, would save the company from liquidation in the short-term. At a later date, the future being secured and when the business was operating at full capacity again, they would resolve future ownership amicably between themselves. Their offers were gratefully accepted, but at that point I reached home, reality kicked in again, and I failed to hear the final outcome.
So, is there an ounce of credibility in my musings or should I just ask nurse how long it is until bedtime ?
posted on 19/1/22
Apologies for the ridiculously long post
posted on 19/1/22
I’ll need to talk to the wall …
posted on 20/1/22
Brett Wilson was on Dragons Den in Canada.
Just saying.
posted on 20/1/22
comment by 2 Wellies (U6713)
posted 15 hours, 15 minutes ago
Brett Wilson was on Dragons Den in Canada.
Just saying.
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Must have been what prompted my daydream