Oyston loses in court of appeal

M

Mexboroseasider

Well-known member
radcliffechambers.com

Denaxe Ltd v Cooper & Rubin [2023] EWCA Civ 752 - Radcliffe Chambers

On 30 June 2023, David Mohyuddin KC and Daniel Burton instructed by Martin Jensen and Zoe White of Beale & Co Solicitors LLP, succeeded in resisting an appeal brought against their clients, Paul Cooper and David Rubin, the former receivers appointed in 2019 by way of equitable execution over...
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I don’t recall seeing a thread on this so just in case.

Oyston wasn’t happy with the price paid for BFC so sued the court appointed receivers. He lost in the High Court so appealed. He’s just lost in the Court of Appeal.

Dearie me.
 
fcblackpool said:
Which sparked x, y or z to run to the EFL. VB would have been involved also I think.
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Re-reading that paragraph I’m now not sure whether Pilley just wanted the stadium and the training ground? But not the club.

Maybe the idea was to move Fleetwood to BR and rename them? That’d avoid the EFL rules.
 
Mexboroseasider said:
Re-reading that paragraph I’m now not sure whether Pilley just wanted the stadium and the training ground? But not the club.

Maybe the idea was to move Fleetwood to BR and rename them? That’d avoid the EFL rules.
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More likely Haythornthwaite would want to do that seeing as though he has a stadium surrounded by fields.
 
Mexboroseasider said:
Re-reading that paragraph I’m now not sure whether Pilley just wanted the stadium and the training ground? But not the club.

Maybe the idea was to move Fleetwood to BR and rename them? That’d avoid the EFL rules.
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Yes, the bidder (whoever it was) wanted to turf BFC out of its home

Hope he enjoys the showers tonight (if it’s him)

The anti-Sadler mongs who claim there were uThEr bYdDrS now have their answers
 
Well, it shows that Sadler paid a fair price for the club and not way over the nearest bid, which some posters on here have suggested.

It also looks like we missed out on a Malaysian bidder who allegedly had been a supporter of the club since they were 2.:)

On a more serious note if Pilley had been successful with his bid imagine what would be happening to the club right now.
 
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Danny Ocean said:
Well, it shows that Sadler paid a fair price for the club and not way over the nearest bid, which some posters on here have suggested.

It also looks like we missed out on a Malaysian bidder who allegedly had been a supporter of the club since they were 2.

On a more serious note if Pilley had been successful with his bid imagine what would be happening to the club right now.
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We met him at the De Vere, was more interested in the airport and barely mentioned the club
 
Very revealing, in its way.

1. it scotches the often repeated mantra that there was only one substantive bid on the table (more on that in a minute)

2. It does go to show that expert valuations should always be treated with caution. Collins estimated the value of the stadium and training ground at a whopping £26.5m. Which is a lot when Oyston's expert witness at the Rolls in 2017 said that the whole kit and caboodle was only worth £5-6m.

3. Further to (2) above, it is an even more starting valuation by Collins when you remember that BST had Bloomfield Road declared an asset of community value, a position which the Trust continues to maintain. As long as that is the position, separating physical from football assets makes no sense.

4) Did we really have a bidder who wanted the physical assets but not the club? That potentially says a lot about the priorities of whoever that bidder was.

5) It's also striking that Oyston wanted to maximise the value of the assets by separating club from ground. That's one of the most common of the high risk factors that make football clubs vulnerable, and caused many of the problems at Derby, Scunthorpe, Sheffield Wednesday and others.
 
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Mexboroseasider said:
radcliffechambers.com

Denaxe Ltd v Cooper & Rubin [2023] EWCA Civ 752 - Radcliffe Chambers

On 30 June 2023, David Mohyuddin KC and Daniel Burton instructed by Martin Jensen and Zoe White of Beale & Co Solicitors LLP, succeeded in resisting an appeal brought against their clients, Paul Cooper and David Rubin, the former receivers appointed in 2019 by way of equitable execution over...
radcliffechambers.com radcliffechambers.com

I don’t recall seeing a thread on this so just in case.

Oyston wasn’t happy with the price paid for BFC so sued the court appointed receivers. He lost in the High Court so appealed. He’s just lost in the Court of Appeal.

Dearie me.
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Marcus Smith is a God 😚.

Hell, he made sure that was a watertight judgement and I enjoyed reading that.
 
willy-wonka-you-lose.gif
 
If he was a football manager, Oyston’s win percentage would be abysmal, and he’d be getting repeatedly sacked, if he was lucky enough to get reemployed.

I bet the average solicitors love him though, taking on ridiculous cases they know won’t win but it puts food on the table.

Definitely the gift that keeps on giving, old wonky glasses.
 
I think it's about time we invited Marcus Smith to do the half time draw and perhaps we could have whip round to get him in to hospitality as well.
As has been said it was his thoroughness that put is in the favourable position we are now. I put favourable in bold because some of the moaners on here need to take a reality check about where we could have been.
 
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Just click the top part
 
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