When does mediation start?

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Mad Mick

Mad Mick

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Just wondered when the mediation meeting is due to start. You never know the owners might come to some sort of agreement. I'm ever the optimist.
 



McCabe has to prevail here whether he has got the legal right or not.The alternative isn't worth thinking about.
Can we trust the prince to maintain all the aspects of our club,he only wants the club the rest ( including the ground +training grounds )he doesn't really want
,it seems he tried to buy out McCabe on the cheap.
We have had some of the poorest years in our history under McCabe but he always has the best interest s of the club at heart
Would be interesting having a poll on this!,if the prince realised he's not wanted maybe McCabe can buy him out
 
Muttley said:
If Princey wins, I genuinely fear for our club.
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The point of successful mediation is that there aren’t winners and losers, it’s about somebody facilitating a reasoned discussion away from the courtroom with a view to reaching a compromise that both sides feel relatively satisfied or at least can live with. If that is possible. The fact that both parties have agreed to it lends at least a small amount of optimism, but it will depend on how they both engage with the process or whether they just see it as a box to tick before recommending the formal legal process. Having been involved in dispute resolution, albeit with one party being HMRC who are usually intransigent cunts, I’ve seen very positive outcomes and complete car crashes.
 
Nick Jansky said:
The point of successful mediation is that there aren’t winners and losers, it’s about somebody facilitating a reasoned discussion away from the courtroom with a view to reaching a compromise that both sides feel relatively satisfied or at least can live with. If that is possible. The fact that both parties have agreed to it lends at least a small amount of optimism, but it will depend on how they both engage with the process or whether they just see it as a box to tick before recommending the formal legal process. Having been involved in dispute resolution, albeit with one party being HMRC who are usually intransigent cunts, I’ve seen very positive outcomes and complete car crashes.
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I have always found I got on well with HMRC. :(:rolleyes: (Disingenuous Twats). In my early days I participated in two mediations the result being that all parties walked away with a settlement nobody was happy with. This was therefore probably the right result. Still grates with me though. I want a decision and a win or loss not a fudge. Its either right or wrong. That's what a Court is for.
 
finlaytheblade said:
it seems he tried to buy out McCabe on the cheap.
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Not quite. It was McCabe who triggered the clause on the assumption he was going to get what he wanted, only he was outflanked by the Prince. The mediation or subsequent court case will decide if what the Prince did was legal or not.
 
I suspect both sides only want the club to sell it, so in 5 years time we will be where we are irrespective of who wins.
God knows what's going on when clubs such as Hull, Cardiff, Bournemouth et al have found buyers but Sheff United cannot. And with the staff United have in place I would look at the business as something that could genuinely be a profit making organisation in anything from 1 to 3 years.
 
Must say I’m more team McCabe...better the devil you know and all that.

Any future investment of course needs to be well considered. Chinese investment has been rumoured in the past, but there’s a real bubble emerging there in the corporate bond market; meaning anyone with ties in China could be a potentially big risk.

Let’s hope the current issues are resolved amicably and any future investment is diligently realised.
 
Mad Mick said:
Just wondered when the mediation meeting is due to start. You never know the owners might come to some sort of agreement. I'm ever the optimist.
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Yes it has all gone rather quiet. We were told at the shareholders meeting in July that the Prince had asked for mediation and KM had agreed to it and it was to take place in September but no news on dates then or since. No news to say if one side or other has withdrawn from mediation. If there is no settlement, the case will go to trial in May 2019.

The other thing said at the meeting was that the Judge had given a judgement on the issue of costs in respect of the interim relief hearing in June. The lawyer said that the decision on costs he thought was significant and that once the judge had formally approved his judgement it would be published on the law firm's website where the other relevant documents appear. So far this has still not happened. The inference was that although KM did not win the argument in June, the judge had not awarded costs in favor of the Prince (which would normally follow the result) and this might signify that he had perhaps taken a dim view of how the Prince had behaved in relation to trying to circumvent the original shareholders agreement.
 



Sean Thornton said:
We don't know what his plans were. We just assume.
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I thought that having made the offer to The Prince he was obliged to accept the same price for the shares, plus market rate for the other assets. So unless he thought he knew that The Prince wouldn’t do that we do know what his plans were don’t we?
 
That Uzmanov guy from Arsenal just sold his stake in Arsenal for £600m. Word was he was looking at Charlton as a place to invest.

Why doesn’t Kev give him a bell? We are absolutely ripe for investment at the minute. He could buy Prince out n all.

Just a thought
 
Ainsley Harriott said:
That Uzmanov guy from Arsenal just sold his stake in Arsenal for £600m. Word was he was looking at Charlton as a place to invest.

Why doesn’t Kev give him a bell? We are absolutely ripe for investment at the minute. He could buy Prince out n all.

Just a thought
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He looks like Penfold after a stressful divorce.

100882438-Usmanov.530x298.jpg
 
ucandomagic said:
I thought that having made the offer to The Prince he was obliged to accept the same price for the shares, plus market rate for the other assets. So unless he thought he knew that The Prince wouldn’t do that we do know what his plans were don’t we?
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That’s what I thought to.
We would already be wholly owned by The Prince if he had abided by the terms of the original agreement and paid the market rate.
I’m happy to be better informed if that’s not correct.
 
Ainsley Harriott said:
That Uzmanov guy from Arsenal just sold his stake in Arsenal for £600m. Word was he was looking at Charlton as a place to invest.

Why doesn’t Kev give him a bell? We are absolutely ripe for investment at the minute. He could buy Prince out n all.

Just a thought
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Because we're not Charlton
 
ucandomagic said:
I thought that having made the offer to The Prince he was obliged to accept the same price for the shares, plus market rate for the other assets. So unless he thought he knew that The Prince wouldn’t do that we do know what his plans were don’t we?
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And the Prince didn't do that did he?
 
snootyfenooty said:
No, he outmanoeuvred McCabe. Still doesn't alter the fact that McCabe would have sold up to the Prince had everything gone to the original plan.
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The original agreement was that the other side could accept any offer made OR take over for the same amount. HRH made a counter offer but wasn't the same as McCabes. So McCabes offer is off the table. He may have outmanoeuvred himself. Then there's the email sent to McCabe that he wasn't supposed to see.......

McCabe is still in there, whether that's to get back full control or just sell the shares and get market value, we'll have to see. But HRH doesn't want, or can't afford, the ground etc. That's a problem. I wonder if McCabe knew?
 
snootyfenooty said:
No, he outmanoeuvred McCabe. Still doesn't alter the fact that McCabe would have sold up to the Prince had everything gone to the original plan.
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Rather than a friendly partnership this is starting to sound more like The Maltese Falcon (I couldn't follow that either).
 
Ainsley Harriott said:
That Uzmanov guy from Arsenal just sold his stake in Arsenal for £600m. Word was he was looking at Charlton as a place to invest.

Why doesn’t Kev give him a bell? We are absolutely ripe for investment at the minute. He could buy Prince out n all.

Just a thought
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Just a thought but Arsenal is in that London. Charlton is too.

I'm afraid the phrase "It's grim up North" fully applies in footy too, to most of the foreign owners.
 
Sean Thornton said:
The original agreement was that the other side could accept any offer made OR take over for the same amount. HRH made a counter offer but wasn't the same as McCabes. So McCabes offer is off the table.
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I do not think this is necessarily correct. The Prince is claiming that McCabe's offer stands and he can have the shares for 5 million, but does not have to buy the property. That remains a possible result of the proceedings I think.
 
Revolution said:
I do not think this is necessarily correct. The Prince is claiming that McCabe's offer stands and he can have the shares for 5 million, but does not have to buy the property. That remains a possible result of the proceedings I think.
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The court will decide but the general principle is that a counter offer in effect negates the original offer as there was no acceptance. HRH's offer is for a different number of shares, so can't be the same. I assume it will be dependent on the wording in the original shareholders agreement.
 



Sean Thornton said:
The court will decide but the general principle is that a counter offer in effect negates the original offer as there was no acceptance. HRH's offer is for a different number of shares, so can't be the same. I assume it will be dependent on the wording in the original shareholders agreement.
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I see your point, but the Prince is seeking specific performance as one of his remedies so he is arguing that there is a binding contract. We shall see.
 
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