Ruling On Latest Fat Mike Court Case – Still Waiting...

Arkanoid

Well-Known Member
Not a chance surely!
£3m renegotiated deal
+
£8m settlement
-
£xx? Unpaid revenue
+
£xx? Lost revenue in shirt sales
+
£xx? Lost revenue in Ibrox advertising
= Horrible rumour if true
 

Lono

Well-Known Member
Wasn’t that to get out of the 7 year deal ?
The seven year deal that turned into a flux-capacitated, never-ending nightmare deal ? Court-case pending...?

The longer this trundles on the more it sounds like...ma mate owns Sellick, even if I'm a fat billionaire with more money than I could eat or drink if I lived to eight-thousand years old, the more I'll drag this out...
 

Kingdom Bear

Well-Known Member
My confidence in the legal system delivering justice to our club is not high.... in fact it's so low that i can see us coming out of this needing to pay that fat slug more than the bheasts will have to pay in compensation to the victims of child abuse !!!

Corporate Law is a fvckin joke in this country !!!
 

Craig

Well-Known Member
Plus £1m capped ,which I hope is the true amount
The damages aren't capped - that was something Kings legal team wanted but the judge didn't agree with it as it would benefit us at the expense of SD.

Kings lawyers argued that if full damages awarded King/NOAL wouldn't have the money to pay - hence why they wanted it capped.

The judge went on to say that capped damages can't be used as an escape from a contract.
 

Aurelius72

Well-Known Member
The only facts so far:

Case has been heard
A judgement has been passed and delivered to the parties
The sports direct megastore at our stadium is closed.
Much nicer reading, I’m sure the club will provide an update soon. Occam’s razor and all that - let’s wait and see what happens before going into meltdown.
 

ald

Well-Known Member
The only sure thing about settling litigation (if indeed it has been settled) is that nobody walks away happy. But the reality here is (a) it appears that we have had a weak hand at every turn, (b) the cost of litigating is significant and (c) for so long as Ashley hangs over our heads we can’t get on and maximise revenue from a proper, fair retail deal. So if it costs a good chunk of cash to get rid of Ashley then we need to bite the bullet, pay through gritted teeth and move on. Best in the long run that we get shot of him once and for all.
 

Dempster

Well-Known Member
The only sure thing about settling litigation (if indeed it has been settled) is that nobody walks away happy. But the reality here is (a) it appears that we have had a weak hand at every turn, (b) the cost of litigating is significant and (c) for so long as Ashley hangs over our heads we can’t get on and maximise revenue from a proper, fair retail deal. So if it costs a good chunk of cash to get rid of Ashley then we need to bite the bullet, pay through gritted teeth and move on. Best in the long run that we get shot of him once and for all.
A nice summary I reckon .
 

tazzabear

Well-Known Member
The only sure thing about settling litigation (if indeed it has been settled) is that nobody walks away happy. But the reality here is (a) it appears that we have had a weak hand at every turn, (b) the cost of litigating is significant and (c) for so long as Ashley hangs over our heads we can’t get on and maximise revenue from a proper, fair retail deal. So if it costs a good chunk of cash to get rid of Ashley then we need to bite the bullet, pay through gritted teeth and move on. Best in the long run that we get shot of him once and for all.
Great post.
I was wondering how much would be good to pay to escape SD forever.
I can’t put a figure on it to be honest, I’d just hope whatever it costs doesn’t have to come out of the club in one payment.
Can we appeal?
If the judge as granted the divorce, is that it, done and irreversible?
Would it be wise to challenge the settlement?
 

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