Uh_huh_him
Well-known member
- Sep 28, 2011
- 12,138
I think it goes further than that. Happy to be corrected but I think his beef is that Beaky's conduct was a bit iffy so his plans to save his 'phoenix from the ashes' club failed enabling Beaky to set up his own 'phoenix from the ashes' club himself. So as [MENTION=13715]jimhigham[/MENTION] hints, a brand new legal identity recently passed its 12th birthday but as it acquired all the 'stock', from the outside it looks like the same thing so they claim to be the oldest club in the world ever and inventors of football and probably western civilisation.
As to the ringfenced money, the only explanation is a verbal agreement from the Americans to stump it up. Coincidentally, and a few years have passed, but the impression is that when they later felt that they had been sold a pup when the reality about the stand development and its incredibly difficult red tape emerged, they put their shares up for sale. Any new investors will therefore need to pay for shares and agree to stump up for the stand.
I suspect a CPO is a tactic. Nobody really wants to go to court, so I reckon this is Beaky's way of accelerating negotiations to pressure Saino's into a less favourable for them price. I hope they call his bluff.
My guess is that Sainsbury's lawyers are pretty adept with dealing with this sort of thing
.