RammingStone66 Posted April 5, 2022 Share Posted April 5, 2022 8 minutes ago, Rambalin said: He said his businesses are valued at 7 billion it does not mean he has that in cash burning a hole in his pocket. Similar to Mel who is worth 500 million when you added up all his interests and property True but it does usually give you the chance to borrow lots of liquid cash that he can use Link to comment Share on other sites More sharing options...
Guest Posted April 5, 2022 Share Posted April 5, 2022 (edited) 24 minutes ago, TheSlate said: Not sure if anyone has mentioned this before or not. Hoping someone can enlighten me... I understand that pre-contract agreements can be broken. If this takeover gets moving, is there a chance we could keep Festy? The enforceability of a pre-contract will depend on the specific terms of the agreement. Pre-contracts are generally not binding under English law as they are usually marked ‘Subject to Contract’ and are simply a commitment by the parties to enter into a later contract. The difference between a pre-contract and a contract is that the parties to the pre-contract have not agreed the essential terms and so the pre-contract does not reflect the final agreement. However, if a pre-contract contains all the essential terms that have been agreed, then the pre-contract is effectively a final contract and is likely to be binding. Edited April 5, 2022 by Brailsford Ram Link to comment Share on other sites More sharing options...
Rampant Posted April 5, 2022 Share Posted April 5, 2022 Could somebody ask the club if we are going to offer Festy a deal to stay please? Link to comment Share on other sites More sharing options...
Sparkle Posted April 5, 2022 Share Posted April 5, 2022 4 minutes ago, Rampant said: Could somebody ask the club if we are going to offer Festy a deal to stay please? Let’s have the new owner first shall we ? jimtastic56 1 Link to comment Share on other sites More sharing options...
duncanjwitham Posted April 5, 2022 Share Posted April 5, 2022 4 minutes ago, Rampant said: Could somebody ask the club if we are going to offer Festy a deal to stay please? It's too late for that, if he's already signed for Udinese. jimtastic56 1 Link to comment Share on other sites More sharing options...
RamBeauIV Posted April 5, 2022 Share Posted April 5, 2022 9 minutes ago, Rampant said: Could somebody ask the club if we are going to offer Festy a deal to stay please? We can't afford his wages. Whatever money he's on next season will be beyond our scope (or EFL budget restrictions). RipleyRich and jimtastic56 1 1 Link to comment Share on other sites More sharing options...
BobdeBilder Posted April 5, 2022 Share Posted April 5, 2022 6 minutes ago, duncanjwitham said: It's too late for that, if he's already signed for Udinese. Shirley, if he had signed for them, they would have had to loan him back to us, ala Plange? Link to comment Share on other sites More sharing options...
duncanjwitham Posted April 5, 2022 Share Posted April 5, 2022 Just now, BobdeBilder said: Shirley, if he had signed for them, they would have had to loan him back to us, ala Plange? He's signed a pre-contract with them, so he'll move there when his contract with us expires. Link to comment Share on other sites More sharing options...
B4ev6is Posted April 5, 2022 Share Posted April 5, 2022 13 minutes ago, Rampant said: Could somebody ask the club if we are going to offer Festy a deal to stay please? I am afraid that is now to late as he signed a 5 year deal with the Italian club. jimtastic56 and Mostyn6 1 1 Link to comment Share on other sites More sharing options...
Kernow Posted April 5, 2022 Share Posted April 5, 2022 8 minutes ago, duncanjwitham said: It's too late for that, if he's already signed for Udinese. Looks like that may not be the case. https://www.betting-offers.com/2021/11/pre-contractual-negotiations-what-are-they-and-what-are-the-rules/ “According to law firm Blake Morgan, perhaps not. They believe that a pre-contract agreement is merely a ‘commitment’ to completing a later deal, however that in some instances the move could be broken by either party. That said, a pre-contract is likely to be considered binding where the ‘essential terms’, such as length of contract, salary and other commercial perks have been agreed in advance.” However, if he did want to stay then he could have surely waited until the end of the season at least for the owner situation to be clarified. I doubt he would be short on offers either way. Link to comment Share on other sites More sharing options...
Turk Thrust Posted April 5, 2022 Share Posted April 5, 2022 29 minutes ago, Rambalin said: He said his businesses are valued at 7 billion it does not mean he has that in cash burning a hole in his pocket. Similar to Mel who is worth 500 million when you added up all his interests and property Exactly. On paper I’m a millionaire but only if I sold the house and live in a hole in the ground Link to comment Share on other sites More sharing options...
Jimbo Ram Posted April 5, 2022 Share Posted April 5, 2022 21 minutes ago, rammieib said: Imagine we go down, we get 15 point deduction, and we miss out on the play-offs in League One because our new owner didn't want to pay an extra couple of million. SCENES! Do you think we will be anywhere near the play offs with the limited squad we will likely start with next season and a -15 points deduction?? LazloW and RadioactiveWaste 2 Link to comment Share on other sites More sharing options...
Gaspode Posted April 5, 2022 Share Posted April 5, 2022 2 minutes ago, Kernow said: Looks like that may not be the case. https://www.betting-offers.com/2021/11/pre-contractual-negotiations-what-are-they-and-what-are-the-rules/ “According to law firm Blake Morgan, perhaps not. They believe that a pre-contract agreement is merely a ‘commitment’ to completing a later deal, however that in some instances the move could be broken by either party. That said, a pre-contract is likely to be considered binding where the ‘essential terms’, such as length of contract, salary and other commercial perks have been agreed in advance.” However, if he did want to stay then he could have surely waited until the end of the season at least for the owner situation to be clarified. I doubt he would be short on offers either way. Said to someone at the weekend that he's been badly advised - could have had his pick of clubs at the end of the season... Link to comment Share on other sites More sharing options...
B4ev6is Posted April 5, 2022 Share Posted April 5, 2022 30 minutes ago, Rambalin said: He said his businesses are valued at 7 billion it does not mean he has that in cash burning a hole in his pocket. Similar to Mel who is worth 500 million when you added up all his interests and property Well actually he brought a share formal one racing car faria I think it is called so suggest he got money to burn. Link to comment Share on other sites More sharing options...
JuanFloEvraTheCocu'sNesta Posted April 5, 2022 Share Posted April 5, 2022 24 minutes ago, rammieib said: Imagine we go down, we get 15 point deduction, and we miss out on the play-offs in League One because our new owner didn't want to pay an extra couple of million. SCENES! Do we know how much the number is? I get the impression it's a bit more than 'a couple of million' Link to comment Share on other sites More sharing options...
MACKWORTHRAM Posted April 5, 2022 Share Posted April 5, 2022 (edited) Mr Kirchner has deactivated his twitter account.... Edited April 5, 2022 by MACKWORTHRAM Error Derby4Me 1 Link to comment Share on other sites More sharing options...
Jimbo Ram Posted April 5, 2022 Share Posted April 5, 2022 For me it's a case of sit back and see. I hope he has the required funds but I am not totally 100% convinced. He comes across as a bit of a chancer to me. At least with Ashley that would have not been an issue but fingers crossed. Link to comment Share on other sites More sharing options...
RadioactiveWaste Posted April 5, 2022 Share Posted April 5, 2022 2 minutes ago, Jimbo Ram said: Do you think we will be anywhere near the play offs with the limited squad we will likely start with next season and a -15 points deduction?? I feel like even if we're saved, it's going to be 3-5 years of grind before we're really looking up again. Things might pan out better than that, but there is going to be grind to work through - the EFL business plan will ensure that even if everything else is going swell. LazloW, therealhantsram and Jimbo Ram 2 1 Link to comment Share on other sites More sharing options...
Kernow Posted April 5, 2022 Share Posted April 5, 2022 2 minutes ago, Gaspode said: Said to someone at the weekend that he's been badly advised - could have had his pick of clubs at the end of the season... Maybe so, but his development is going to be the most important thing, a Championship club where he’d be at least a squad player would probably be a good option for him. If only Udinese had links to an English club, who are likely to be a Championship side, that they could secure Festy’s services for months before any English side can. Kathcairns 1 Link to comment Share on other sites More sharing options...
Sparkle Posted April 5, 2022 Share Posted April 5, 2022 5 minutes ago, Turk Thrust said: Exactly. On paper I’m a millionaire but only if I sold the house and live in a hole in the ground Don’t move to nottingham fella scout's dad 1 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account.
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now