Ownership developments

[blade too long]

the club wont suffer ,,, but one of the two owners will

mccabe took at the time a what amounts to similar to a wonga loan

he gave bigger concessions than hed like to have done

but as we could , thats could become wealthy if we hit the prem jackpot someone gets control of proper wealth
makes people adopt shark like tendancies


its gloves off cage fighting ahead

 

[Fraggle Blade]

Could it be that Kev wanted to invest last January but the Prince refused as promotion would mean that he would have to find a lot more dosh to buy the club?

I say that in light of the article today saying that The Prince didn't see any need for further investment in the team this summer, and it would fit the bill for an unfair prejudice petition.

He doesn't say that there is no need for further investment in the team this summer......he says that there is no need to provide additional funds into the club for the increased outlay as the club already has enough money to cover it

 

[snootyfenooty]

Best not do it on match day, the prince might struggle navigating some tight doorways

And SYP wouldn't be amused. They might, erm, video them.

 

[Cerberus Blade]

Am I a fence sitter when I say I don’t give a fuck who wins as long as the club is stronger after

No you’re a dyke hopper. You’re from Lincolnshire!

 

[Snowman]

I tend to agree that the opportunity to get out of the deal so easily should have been spotted and closed out before the contracts were signed but the question of whether the Prince’s actions were legal or not is the basis of the forthcoming court case.

There must be someone on here who’s a specialist in contract law who can tell us what they think about all this?

There are four extremely experienced and highly paid Chancery Counsel supported by some very experienced and expensive support lawyers arguing the toss with each other in front of a Chancery Judge. None of them know it all and none can predict the outcome. Judge says he can't rule out that McCabe possibly has a case, but can't grant him what he wants now on an interim basis. Judge has said that both sides are as someone has already said on here, ladies front bottoms.

Its not simply about contract law though, there's a Company Act petition in there as well and just to confuse even further a counterclaim alleging lawful or unlawful means conspiracy which is an economic tort (civil wrong)

In summary this is how it works:-

Kev - We're going for it in January Penny Pinching Prince. Stump up.
PPP - What's this "we're" dirty dog?
Kev - FFS Not again
PPP - I put the money in DD and we go up, you serve a notice and I get lumbered paying a right wedge. Do one.
Kev - Here's my notice now PPP. I'll buy your shares for £5mill. That means you either take the £5mill and Fuck Off or you have to buy my shares for £5mill. Buying my shares makes you 100% owner and our deal says if you have 75% you have to pick up the tab for the assets of around £20mill and you ain't got that dough PPP. What's more even if you do have the dough, there's long leases at reduced rents so they are worthless to you. Snigger Snigger.
PPP - Ho Ho Ho DD, you didn't reckon on the wizardry of Mr Gianfranco "Mafioso" Syracuse my company lawyer who has helpfully set up this lovely Limited Liability Partnership which doesn't have to register because it isn't a limited company. I have out of the goodness of my own heart gifted this LLP (Wot is nuffink to do wiv me honest guv) 80% of my shares. By simple arithmetic DD I only got 20% of the shares, plus your 50%, makes 70%. That means I get you out for £5mill and I don't have to take the property assets.
Kev - You dirty sneaky conniving cunt. I'm not doing that deal.
PPP - I demand specific performance, which means DD that you have to sell to me for £5mill and that's the deal.
Kev - No way, you cheated, you and your devious lawyer agreed to do a deal to rook us out of millions. We counterclaim to make you do the original deal and for damages and if you just so happen to win on the specific performance damages amounting to what you have cheated us out of.
PPP - You can still do one DD Gotcha!
Kev - OK PPP you can have a Company Act petition as well for an adjudication from the Court that you're acting to the prejudice of the company and need removing, Kin snake.

Mr Justice Fancourt - Well PPP, tha's pulled a reyt stroke theer. Tha can see why Kev's got mardies on. Tha's a devious two hat, but tha cud gerra way wi it. Worra fucking mess, am not sorting this shit out for thi now. Either sort it artside wi di coats off or we'll be back here next summer for a trial and who knows which way it'll go. Will nobody think of the fans?

 

[Yellarbellyblade]

No you’re a dyke hopper. You’re from Lincolnshire!

Not where I’m from that’s them strange creatures in the Fens. They’ve got webbed feet you know.

God help us if they ever breed with Dingles who knows what they’ll produce!!

 

[Fraggle Blade]

This is about a £3m cash injection. KM wants both parties to loan the club £1.5m each. Prince said no, both parties should give the club £1.5m, no repayment. KM said fuck off, I’m not risking losing anymore. (Because if he loses the main court case and loses ownership of the club he’ll lose the £1.5m, unless it’s a loan, the the Prince would have to pay him back.)

Judge basically called them cunts.

It's the same risk for the Prince also though....if he loses out in the ownership wrangle, he'd lose the £1.25m gift to the club.

 

[sheffielder]

There are four extremely experienced and highly paid Chancery Counsel supported by some very experienced and expensive support lawyers arguing the toss with each other in front of a Chancery Judge. None of them know it all and none can predict the outcome. Judge says he can't rule out that McCabe possibly has a case, but can't grant him what he wants now on an interim basis. Judge has said that both sides are as someone has already said on here, ladies front bottoms.

Its not simply about contract law though, there's a Company Act petition in there as well and just to confuse even further a counterclaim alleging lawful or unlawful means conspiracy which is an economic tort (civil wrong)

In summary this is how it works:-

Kev - We're going for it in January Penny Pinching Prince. Stump up.
PPP - What's this "we're" dirty dog?
Kev - FFS Not again
PPP - I put the money in DD and we go up, you serve a notice and I get lumbered paying a right wedge. Do one.
Kev - Here's my notice now PPP. I'll buy your shares for £5mill. That means you either take the £5mill and Fuck Off or you have to buy my shares for £5mill. Buying my shares makes you 100% owner and our deal says if you have 75% you have to pick up the tab for the assets of around £20mill and you ain't got that dough PPP. What's more even if you do have the dough, there's long leases at reduced rents so they are worthless to you. Snigger Snigger.
PPP - Ho Ho Ho DD, you didn't reckon on the wizardry of Mr Gianfranco "Mafioso" Syracuse my company lawyer who has helpfully set up this lovely Limited Liability Partnership which doesn't have to register because it isn't a limited company. I have out of the goodness of my own heart gifted this LLP (Wot is nuffink to do wiv me honest guv) 80% of my shares. By simple arithmetic DD I only got 20% of the shares, plus your 50%, makes 70%. That means I get you out for £5mill and I don't have to take the property assets.
Kev - You dirty sneaky conniving cunt. I'm not doing that deal.
PPP - I demand specific performance, which means DD that you have to sell to me for £5mill and that's the deal.
Kev - No way, you cheated, you and your devious lawyer agreed to do a deal to rook us out of millions. We counterclaim to make you do the original deal and for damages and if you just so happen to win on the specific performance damages amounting to what you have cheated us out of.
PPP - You can still do one DD Gotcha!
Kev - OK PPP you can have a Company Act petition as well for an adjudication from the Court that you're acting to the prejudice of the company and need removing, Kin snake.

Mr Justice Fancourt - Well PPP, tha's pulled a reyt stroke theer. Tha can see why Kev's got mardies on. Tha's a devious two hat, but tha cud gerra way wi it. Worra fucking mess, am not sorting this shit out for thi now. Either sort it artside wi di coats off or we'll be back here next summer for a trial and who knows which way it'll go. Will nobody think of the fans?

You could have come up with this earlier to save a long read!

 

[Cerberus Blade]

There are four extremely experienced and highly paid Chancery Counsel supported by some very experienced and expensive support lawyers arguing the toss with each other in front of a Chancery Judge. None of them know it all and none can predict the outcome. Judge says he can't rule out that McCabe possibly has a case, but can't grant him what he wants now on an interim basis. Judge has said that both sides are as someone has already said on here, ladies front bottoms.

Its not simply about contract law though, there's a Company Act petition in there as well and just to confuse even further a counterclaim alleging lawful or unlawful means conspiracy which is an economic tort (civil wrong)

In summary this is how it works:-

Kev - We're going for it in January Penny Pinching Prince. Stump up.
PPP - What's this "we're" dirty dog?
Kev - FFS Not again
PPP - I put the money in DD and we go up, you serve a notice and I get lumbered paying a right wedge. Do one.
Kev - Here's my notice now PPP. I'll buy your shares for £5mill. That means you either take the £5mill and Fuck Off or you have to buy my shares for £5mill. Buying my shares makes you 100% owner and our deal says if you have 75% you have to pick up the tab for the assets of around £20mill and you ain't got that dough PPP. What's more even if you do have the dough, there's long leases at reduced rents so they are worthless to you. Snigger Snigger.
PPP - Ho Ho Ho DD, you didn't reckon on the wizardry of Mr Gianfranco "Mafioso" Syracuse my company lawyer who has helpfully set up this lovely Limited Liability Partnership which doesn't have to register because it isn't a limited company. I have out of the goodness of my own heart gifted this LLP (Wot is nuffink to do wiv me honest guv) 80% of my shares. By simple arithmetic DD I only got 20% of the shares, plus your 50%, makes 70%. That means I get you out for £5mill and I don't have to take the property assets.
Kev - You dirty sneaky conniving cunt. I'm not doing that deal.
PPP - I demand specific performance, which means DD that you have to sell to me for £5mill and that's the deal.
Kev - No way, you cheated, you and your devious lawyer agreed to do a deal to rook us out of millions. We counterclaim to make you do the original deal and for damages and if you just so happen to win on the specific performance damages amounting to what you have cheated us out of.
PPP - You can still do one DD Gotcha!
Kev - OK PPP you can have a Company Act petition as well for an adjudication from the Court that you're acting to the prejudice of the company and need removing, Kin snake.

Mr Justice Fancourt - Well PPP, tha's pulled a reyt stroke theer. Tha can see why Kev's got mardies on. Tha's a devious two hat, but tha cud gerra way wi it. Worra fucking mess, am not sorting this shit out for thi now. Either sort it artside wi di coats off or we'll be back here next summer for a trial and who knows which way it'll go. Will nobody think of the fans?

I’m afraid it’s another monumentous cock-up by McCabe. That bloke has held the club together and set it back in equal measure. He undoubtedly means well, but he is the biggest blundering fool of a Chairman/owner, I can ever recall. He set up this deal which has seen half the club go to foreign ownership, yet he didn’t take sufficient care to protect even his own interests, never mind the clubs (and fans) interests.

There’s a shit storm coming his way and the only way out of it is for him to agree a deal that will ultimately be about preserving his own interests above those of the club.

Unless he gets that wrong as well!

 

[Cerberus Blade]

Not where I’m from that’s them strange creatures in the Fens. They’ve got webbed feet you know.

God help us if they ever breed with Dingles who knows what they’ll produce!!

Hereward The Wake was a Blade wasn’t he?

He also had webbed feet. Used to swim all the way from The Wash, up the River Trent, into the Rother and Don, and get out not far from the Sheaf View pub, to go to home games.

Apparently!

 

[littlejohn]

scenario 1.
The Prince wins he gains control he invests the money into the team he should have given Kev we win promotion he then transfers his UTBLLP shares back to himself buys the properties off Kev for 20mil due to the properties being tied up and worthless due to the original contract. Takes the 60mil he invested out of the new 100mil budget leaves us with a 40mil budget and sells us to one of his rich cousins for 100mil pocketing a cool 100mil.
scenario 2.
The Prince gains full control and brings in extra Saudi investors to help fund a promotion push and purchase the properties.
scenario 3.
The Prince wins assett strips the squad and gets his money back.
scenario 4.
Kev wins gets full control back finds a new investor to buy the lot.
scenario 5.
Kev wins and carries on keeping us afloat as a mid table championship club.
scenario 6.
The most likely wilder gets fed up and walks!

l could go on but you get the picture turbulent times ahead.

 

[Sean Thornton]

There’s a very simple way of ensuring that you’re not having to rely on goodwill in business, and that’s by not signing up to something that relies on one party acting in “the spirit of the agreement”. Isn’t it a fairly basic rule when getting your lawyers to look at a contract to make sure you are fully protected for all eventualities? The potential for disagreement between the two parties was always a major risk of going into joint ownership, and McCabe complaining about this not being in the spirit of the agreement is basically an admission that he’s made another very unwise business decision.

You could well be correct on that LB, but that's not the argument somexseem to be using, IE that the choice of HRH as a partner was a bad move in itself. I've seen judicial decisions over business disputes that don't appear correct, but for a businessman, a self made multimillionaire to rely on"spirit", in contract law makes you wonder where this is all going to go.

Away from a McCabe owned BL is a worrying prospect.

 

[Snowman]

I’m afraid it’s another monumentous cock-up by McCabe. That bloke has held the club together and set it back in equal measure. He undoubtedly means well, but he is the biggest blundering fool of a Chairman/owner, I can ever recall. He set up this deal which has seen half the club go to foreign ownership, yet he didn’t take sufficient care to protect even his own interests, never mind the clubs (and fans) interests.

There’s a shit storm coming his way and the only way out of it is for him to agree a deal that will ultimately be about preserving his own interests above those of the club.

Unless he gets that wrong as well!

Don't think Kev will do a deal. I think this is a Tevez moment. Someone cheated him. Shit or bust time.

 

[Sean Thornton]

Sean, if it were you or I and we had invested the sums of money KMc has, then would it not be prudent to have a legal document drawn up that was sufficiently water tight and robust to cover any eventually particularly those eventualities arising through dispute.

I think KMc & his advisors are guilty of nothing more than professional negligence which is now impacting the club.

You're possibly correct, I wouldn't,couldn't argue against that.
Is the Prince sidestepping the purchase of the ground? Is that a separate issue?

At the end of the day, a Judge's interpretation will sort matters. There's no winner here unless they sell the club on almost immediately.

My worry is not about who wins but that we may not be at BL.

 

[Sean Thornton]

they’ve invested nowt.. simple maths tells you they’ve used theyve used the harry/kyle rams dale murphy money to cover last year and the brooks money for this
can understand kev not wanting to put anything in but the prince has put fuck all in and expects to buy the club at half price through some loophole .. no wonder kev is annoyed

That's just not the case.,

 

[davidblade]

Read the article and essentially there's not much new in there - its more of a summary of how McCabe and the Prince got to be where we are now. I notice the main comment is the disagreement about team spending. I can't figure out if that's referring to last summer, last January or this summer, because they fell out late 2017 according to the article and that became public as we know not long after. So presumably the disagreement on team spending doesn't relate to team spending this summer? It does say in the coming months though regarding the disagreement in transfer budget. here's the quote:

One area of disagreement was about how much the club needed to spend on players in the coming months.

It's all a total mess it seems and when you consider the leagal system this might not be sorted till next summer - who knows.

You never know do you.

It could've panned out that HRH said, we own 50% each, you match me and vice-versa. Then all of a sudden, another January passes by with HRH wanting to put £5m in but KMc says "£5m , nah, what about £300k?"

At which point HRH says, "Fuck this clown, he's not keeping his end of the bargain, unfortunately, i'm not a majority share holder, so my only option is to take the tight bastard to court!"

Everybody then starts rooting for the local guy and this evil foreigner is being unreasonable, when in fact, it may be HRH that wants to "Spend big" and "think Liverpool", but he's not funding it all himself, and rightly so.

Just a thought.

He's put millions in. In cash. That alone distances him from those chancers. Those facts alone negate your opening sentence.

We aren't talking about crooks here,but businessmen who've fallen out.

Again, he's put millions in. Which makes your second paragraph invalid. The fact is that it's covered losses doesn't stop it from being investment. I shares btw, not repayable loans.

YesMcCabe got into bed with him. A wealthy ish businessman. As I said, how could McCabe see an issue 5 years down the line? Especially after the Prince has put £16m in?
With hindsight, now it's gone wrong, you aren't even using facts, just speculating to suit. Making things fit. It was confirmed that his government job would curtail his involvement somewhat, now conveniently forgotten, as is the fact that whilst undertaking that post, continued to co-fund.

I have no idea what HRH's plans for us are. Like the rest of us. Nor McCabes, who I guess is ready for a fight.

I’m convinced he’s put millions in , I’m also convinced he’s taken millions out , look at the high interest payments on loans ,look at the management fees. Not denying he’s a United fan bout I believe he’s a businessman first and foremost.

 

[Pedro's Winger]

That court document makes for depressing reading and the move by the Prince does look decidedly sneaky and designed to defeat an agreement made in good faith.
Either way, even if McCabe ultimately wins it would appear investment is effectively on hold for the foreseeable future, bar some of the Brooks money.
Love to know what Wilder thinks after being told he would be given £2m plus any money raised from transfers to finding out the Brooks money will now largely be going on running costs and there's not much else.
It also looks pretty unlikely Wilder would stay if the Prince wins control and if it looks like it's heading that way it would make sense for him to walk if a decent offer comes in.
Unless he performs absolute miracles we could be already writing off next season before it's even started.

 

[Fraggle Blade]

Surely McCabe being a business man with vast experience would have caviats written into any contract he made with a comparitive stranger.
He will have a lawyer surely who. would cover this.Can't beleave he would be nieve enough to leave himself open to being conned...If so he's a bloody fool.
Unfortunately the club could suffer big time.
We have to be ready to make a big protest if the wrong man wins.
But that Doasnt mean boycotting matches there are other ways of getting him out.

But at what stage do we know if the wrong man has won?
surely that depends on their actions after they have won the battle.

 

[Sean Thornton]

I’m convinced he’s put millions in , I’m also convinced he’s taken millions out , look at the high interest payments on loans ,look at the management fees. Not denying he’s a United fan bout I believe he’s a businessman first and foremost.

The interest ceased to be claimed a while ago. 5 years ago I believe. It wasn't paid over in some cases, but written off into share capital and a share premium account. (see below) so it's not ended up as money takenout.
Who receives these "management fees"?

He's in for £37m or so for Blades Leisure Ld/SUFCLtd. Which it seems he can't even get £5m for.

 

[Fraggle Blade]

That court document makes for depressing reading and the move by the Prince does look decidedly sneaky and designed to defeat an agreement made in good faith.
Either way, even if McCabe ultimately wins it would appear investment is effectively on hold for the foreseeable future, bar some of the Brooks money.
Love to know what Wilder thinks after being told he would be given £2m plus any money raised from transfers to finding out the Brooks money will now largely be going on running costs and there's not much else.
It also looks pretty unlikely Wilder would stay if the Prince wins control and if it looks like it's heading that way it would make sense for him to walk if a decent offer comes in.
Unless he performs absolute miracles we could be already writing off next season before it's even started.

Why would Wilder walk if the Prince wins control? He might be far better off with better tools to do his job. We just don't know yet.

 

[Dellas Cowboys]

There are four extremely experienced and highly paid Chancery Counsel supported by some very experienced and expensive support lawyers arguing the toss with each other in front of a Chancery Judge. None of them know it all and none can predict the outcome. Judge says he can't rule out that McCabe possibly has a case, but can't grant him what he wants now on an interim basis. Judge has said that both sides are as someone has already said on here, ladies front bottoms.

Its not simply about contract law though, there's a Company Act petition in there as well and just to confuse even further a counterclaim alleging lawful or unlawful means conspiracy which is an economic tort (civil wrong)

In summary this is how it works:-

Kev - We're going for it in January Penny Pinching Prince. Stump up.
PPP - What's this "we're" dirty dog?
Kev - FFS Not again
PPP - I put the money in DD and we go up, you serve a notice and I get lumbered paying a right wedge. Do one.
Kev - Here's my notice now PPP. I'll buy your shares for £5mill. That means you either take the £5mill and Fuck Off or you have to buy my shares for £5mill. Buying my shares makes you 100% owner and our deal says if you have 75% you have to pick up the tab for the assets of around £20mill and you ain't got that dough PPP. What's more even if you do have the dough, there's long leases at reduced rents so they are worthless to you. Snigger Snigger.
PPP - Ho Ho Ho DD, you didn't reckon on the wizardry of Mr Gianfranco "Mafioso" Syracuse my company lawyer who has helpfully set up this lovely Limited Liability Partnership which doesn't have to register because it isn't a limited company. I have out of the goodness of my own heart gifted this LLP (Wot is nuffink to do wiv me honest guv) 80% of my shares. By simple arithmetic DD I only got 20% of the shares, plus your 50%, makes 70%. That means I get you out for £5mill and I don't have to take the property assets.
Kev - You dirty sneaky conniving cunt. I'm not doing that deal.
PPP - I demand specific performance, which means DD that you have to sell to me for £5mill and that's the deal.
Kev - No way, you cheated, you and your devious lawyer agreed to do a deal to rook us out of millions. We counterclaim to make you do the original deal and for damages and if you just so happen to win on the specific performance damages amounting to what you have cheated us out of.
PPP - You can still do one DD Gotcha!
Kev - OK PPP you can have a Company Act petition as well for an adjudication from the Court that you're acting to the prejudice of the company and need removing, Kin snake.

Mr Justice Fancourt - Well PPP, tha's pulled a reyt stroke theer. Tha can see why Kev's got mardies on. Tha's a devious two hat, but tha cud gerra way wi it. Worra fucking mess, am not sorting this shit out for thi now. Either sort it artside wi di coats off or we'll be back here next summer for a trial and who knows which way it'll go. Will nobody think of the fans?

9.5/10

Would have been 10 but I like the bit where Justice Fancourt says PPP is a reckless dick for his behaviour over an external loan that needed paying a couple of months back.

 

[finlaytheblade]

But at what stage do we know if the wrong man has won?
surely that depends on their actions after they have won the battle.

Exactly won't take long,the winner has to invest in the team,if no investment Shoes oFF

 

[Sean Thornton]

That quote sums it all up. 5 years and we still have no idea of his plans.

You're accepting everything else l said then? You should, because they're facts, not inaccurate hindsight.

Why would he talk of any personal plans as a co owner ? If he takes over, I'm sure we will find out. What are McCabes plans now?

 

[Carlton Blade]

Ugh. How to kill momentum and enthusiasm by Sheffield United

I'm not sure who's at fault. Im sure original agreements were made in good faith but shit changes. Sometimes for the better and sometimes for the worse. Looks like this relationship has soured as badly as it could have.

Whoever's side you are on (I don't have a side, neither are perfect and I don't know their plans) it seems likely we aren't going to be seeing the investment we were all hoping for. Let's just hope nothing fundamental to the fabric of the club gets hurt or lost in this battle.

 

[Pedro's Winger]

Why would Wilder walk if the Prince wins control? He might be far better off with better tools to do his job. We just don't know yet.

Nothing in that document suggests we would be better off and it's already known Wilder was less than happy with what the Prince was doing last season, including new employees turning up out of the blue.
Nothing's certain in football but I wouldn't foresee Wilder staying if the Prince takes over and I wouldn't blame him if he walked.

 

[Dellas Cowboys]

Ugh. How to kill momentum and enthusiasm by Sheffield United

I'm not sure who's at fault. Im sure original agreements were made in good faith but shit changes. Sometimes for the better and sometimes for the worse. Looks like this relationship has soured as badly as it could have.

Whoever's side you are on (I don't have a side, neither are perfect and I don't know their plans) it seems likely we aren't going to be seeing the investment we were all hoping for. Let's just hope nothing fundamental to the fabric of the club gets hurt or lost in this battle.

Don't mention fabric, they'll each be claiming the other signed off the home shirt!

 

[Sean Thornton]

What's an FGR? It's difficult to respond to you if you insist on speaking in esoterics.

It's a Forest Green Rovers.

Someone mentioned them

 

[Sean Thornton]

Is the manoeuvre the Judge mentions HRH wanting McCabe to invest in more share capital but still offering the same price for the shares?

 

[Jonboy60]

There are four extremely experienced and highly paid Chancery Counsel supported by some very experienced and expensive support lawyers arguing the toss with each other in front of a Chancery Judge. None of them know it all and none can predict the outcome. Judge says he can't rule out that McCabe possibly has a case, but can't grant him what he wants now on an interim basis. Judge has said that both sides are as someone has already said on here, ladies front bottoms.

Its not simply about contract law though, there's a Company Act petition in there as well and just to confuse even further a counterclaim alleging lawful or unlawful means conspiracy which is an economic tort (civil wrong)

In summary this is how it works:-

Kev - We're going for it in January Penny Pinching Prince. Stump up.
PPP - What's this "we're" dirty dog?
Kev - FFS Not again
PPP - I put the money in DD and we go up, you serve a notice and I get lumbered paying a right wedge. Do one.
Kev - Here's my notice now PPP. I'll buy your shares for £5mill. That means you either take the £5mill and Fuck Off or you have to buy my shares for £5mill. Buying my shares makes you 100% owner and our deal says if you have 75% you have to pick up the tab for the assets of around £20mill and you ain't got that dough PPP. What's more even if you do have the dough, there's long leases at reduced rents so they are worthless to you. Snigger Snigger.
PPP - Ho Ho Ho DD, you didn't reckon on the wizardry of Mr Gianfranco "Mafioso" Syracuse my company lawyer who has helpfully set up this lovely Limited Liability Partnership which doesn't have to register because it isn't a limited company. I have out of the goodness of my own heart gifted this LLP (Wot is nuffink to do wiv me honest guv) 80% of my shares. By simple arithmetic DD I only got 20% of the shares, plus your 50%, makes 70%. That means I get you out for £5mill and I don't have to take the property assets.
Kev - You dirty sneaky conniving cunt. I'm not doing that deal.
PPP - I demand specific performance, which means DD that you have to sell to me for £5mill and that's the deal.
Kev - No way, you cheated, you and your devious lawyer agreed to do a deal to rook us out of millions. We counterclaim to make you do the original deal and for damages and if you just so happen to win on the specific performance damages amounting to what you have cheated us out of.
PPP - You can still do one DD Gotcha!
Kev - OK PPP you can have a Company Act petition as well for an adjudication from the Court that you're acting to the prejudice of the company and need removing, Kin snake.

Mr Justice Fancourt - Well PPP, tha's pulled a reyt stroke theer. Tha can see why Kev's got mardies on. Tha's a devious two hat, but tha cud gerra way wi it. Worra fucking mess, am not sorting this shit out for thi now. Either sort it artside wi di coats off or we'll be back here next summer for a trial and who knows which way it'll go. Will nobody think of the fans?

So if km was to gift 50% of his shares, he would only hold 25% making whoever was gifted 80% of the princes shares, the one that picks up the tab. Phew, easy this fucking over people malarkey in it.

 

[Dellas Cowboys]

Is the manoeuvre the Judge mentions HRH wanting McCabe to invest in more share capital but still offering the same price for the shares?

Isn't the manoeuvre where HRH has "gifted" a portion of his ownership from UTB to whoever controls UTB 2018 so they are no longer his allegedly.