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Blackpool FC high court battle with Belekon - thread
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Magic147 Offline
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Post: #46
RE: Blackpool FC high court battle with Belekon - thread
I think we're overstating what is really just an opening skirmish. It's a fact that cannot be denied that VB owns 20% of the shares as that was a straight-forward purchase.

The forensic accounting will be the deal-breaker IMO and the CC questioning of the Oystons, Owen regarding the original deal and Karl regarding the day to day ruining of the club.

I'm also looking forward to the point at which the independence of the auditors is brought up again, as this is a potentially huge point that was set up briefly during the first case and then swiftly moved away from.

I think what we're seeing here is the "Rope-A-Dope" tactic early-doors, let them have a couple of minor victories and lull them into a false sense of security, before absolutely wiping the floor with them during the later more meaningful arguments.

If we think they're going to lose (and I certainly do), then today's argument was essentially about whether it's going to cost them £20m or £50m plus costs.

That's how I read it anyway, but I'm no expert.
(This post was last modified: 13-06-2017 18:42 by Magic147.)
13-06-2017 18:41
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blackpool ger Offline
Oyston Hater

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Post: #47
RE: Blackpool FC high court battle with Belekon - thread
Bad start for Belekon it looks like it's all been done on the basis of a Gentlemans agreement which will not stand up in a court of law. No paper trail no proof this could be a farce i hope they have something up their sleeve because we all know none of them are Gentlemen .
13-06-2017 19:06
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AndrewDuncanSmith Offline
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Post: #48
RE: Blackpool FC high court battle with Belekon - thread
There is a long way to go yet.
13-06-2017 19:37
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McPoolmob Online
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Post: #49
RE: Blackpool FC high court battle with Belekon - thread
(13-06-2017 19:06)blackpool ger Wrote:  Bad start for Belekon it looks like it's all been done on the basis of a Gentlemans agreement which will not stand up in a court of law. No paper trail no proof this could be a farce i hope they have something up their sleeve because we all know none of them are Gentlemen .

A Gentlemen's agreement will stand up in a court of law based on the grounds of probability.
Eg. Would VB put millions of pounds into a business venture and expect to get little to nothing back? or did he think that the Oystons were a charity?
Its a bit like gambling, except he could have lost more than his steak money, but he won the jackpot but the casino refused to payout. Unfortunately casino's don't have to payout because it's a Gentlemen's agreement. They do however payout or they wouldn't be in business long.
Problem here is he is dealing with the Oystons....criminals, fake prizes, mock auction's, dodgy land deal's, creative accounting, rapist, fly tipping scum.
(This post was last modified: 13-06-2017 20:42 by McPoolmob.)
13-06-2017 20:41
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TwelveAngryMen Offline
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Post: #50
RE: Blackpool FC high court battle with Belekon - thread
We are seeing the high watermark of the defendants case
It's the opening salvos
Lost track of the cases I thought my clients or the opposition had won at half time
13-06-2017 23:14
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GynnSquarePhoenix Offline
mad

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Post: #51
RE: Blackpool FC high court battle with Belekon - thread
It doesn't read well but Oyston's lead attorney hammering away at the principal should be as good as it gets for them. Also this is a fans on-the-fly transcript so there may be subtleties missing that are important.

Karl will be reluctantly paying over his usual rate for his defense but they are still Championship quality compared to Clifford Chance Madrid who are still stretching in the dressing rooms.

----

Or maybe they're not stretching but just chillin' as they read this 2006 Gazette article where Karl admits the 50% deal was on the table. Biggrin

http://www.blackpoolgazette.co.uk/news/b...402248/amp
(This post was last modified: 14-06-2017 00:35 by GynnSquarePhoenix.)
13-06-2017 23:22
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McPoolmob Online
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Post: #52
RE: Blackpool FC high court battle with Belekon - thread
This ^ from Koko in 2006."The deal is an initial 20 per cent investment, a take of the football club shares, with an option to take 50 per cent.

"So there is not that same outright purchase for overall control.

"But it's not that I'm saying in any way shape, or form that we wouldn't support Mr Belokon with any changes he wants to make or initiatives he wants to put in place.
14-06-2017 06:44
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North Shore Dude Offline
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Post: #53
RE: Blackpool FC high court battle with Belekon - thread
Belokon is a 20% shareholder in the club so was due 20% of the profits which he did not receive. Or have I got it wrong?
14-06-2017 07:54
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Magic147 Offline
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Post: #54
RE: Blackpool FC high court battle with Belekon - thread
(14-06-2017 07:54)North Shore Dude Wrote:  Belokon is a 20% shareholder in the club so was due 20% of the profits which he did not receive. Or have I got it wrong?

Sounds reasonable to me.
14-06-2017 07:56
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Bentent Offline
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Post: #55
RE: Blackpool FC high court battle with Belekon - thread
Nice find GSP
Makes me feel better about things Smile
14-06-2017 08:21
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Tangerinenick Offline
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Post: #56
RE: Blackpool FC high court battle with Belekon - thread
The City of London works on the basis of Gentleman's agreements.
Most business does.
Consensual agreements that become contractual.
Of course this relies on honesty and integrity. Lose those in business and who the hell is going to deal with you?
CC IMHO will tear the Oyston opening argument apart.
14-06-2017 09:59
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Magic147 Offline
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Post: #57
RE: Blackpool FC high court battle with Belekon - thread
(14-06-2017 09:59)Tangerinenick Wrote:  The City of London works on the basis of Gentleman's agreements.
Most business does.

You've never been to London, have you? Biggrin
14-06-2017 11:21
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TheSteed Online
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Post: #58
RE: Blackpool FC high court battle with Belekon - thread
I was at the trial earlier this year. This is exactly how that trial opened as well, and Belokon won.
14-06-2017 11:51
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bfcpete Offline
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Post: #59
RE: Blackpool FC high court battle with Belekon - thread
Is there anything material from the role of VB's daughter?
14-06-2017 12:14
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Tangerinenick Offline
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Post: #60
RE: Blackpool FC high court battle with Belekon - thread
(14-06-2017 11:21)Magic147 Wrote:  You've never been to London, have you? Biggrin

I have a business in central London - currently selling.

The streets are paved with Gold!

Sadly been in London way too long!
(This post was last modified: 14-06-2017 12:36 by Tangerinenick.)
14-06-2017 12:34
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