what if BP's investment WAS to buy shares?

[lebowski]

is that game over for the consortium?

[Simon Pieman]

Dunno, ask Bill

[lebowski]

ok.

Bill, quick question...

[Samdy Gray]

Not neccesarily game over, after all Bill will own 23% of the holding company (or 33% depending on which source you believe).

[Fred Elliot]

Not neccesarily game over, after all Bill will own 23% of the holding company (or 33% depending on which source you believe).

(Devils Advocate)

Which is worth exactly how much ?

[Batch]

Pretty much the same as my 1 share in the football club (assuming I have 1). Same worth sterling value, same voting rights value.

[lebowski]

that's what i thought fred!

[Fred Elliot]

that's what i thought fred!

Its a state of tangible impasse at the moment, and a lot more will unravel over the next few weeks I am sure.

I would like to see some hard evidence from the club why they think it is a share option, as they have already offered "derisory" amounts to repay. Why would they do that if they had documentary evidence that is was a share issue or transfer ?

And that is not just me having my "pro BP/Consortium" glasses on. Its the crux of the whole issue as far as I am concerned

[sonic youth]

if it's a share issue, the club should be able to prove it easily...and they haven't, so that makes me think they're playing silly buggers.

[Dazzza]

if it's a share issue, the club should be able to prove it easily...and they haven't, so that makes me think they're playing silly buggers.

I'd never thought of it as logically as that.  Nice thought Spock.  

Something definitely doesn’t smell right and it’ll be interesting to see what eventually comes out in court.  On the subject of the court cases is it the London Gazette where they’re usually published?

[Fred Elliot]

if it's a share issue, the club should be able to prove it easily...and they haven't, so that makes me think they're playing silly buggers.

I'd never thought of it as logically as that.  Nice thought Spock.  

Something definitely doesn’t smell right and it’ll be interesting to see what eventually comes out in court.  On the subject of the court cases is it the London Gazette where they’re usually published?

WUP's are published there Daz

all commercial litigation that falls outside that isn't

[Dazzza]

Cheers

Will we get an update when papers are served to the club?

[Fred Elliot]

YES !

[pauld]

is that game over for the consortium?

If BP's investment was to buy shares, the club's lawyers would hardly have made an offer to repay him several months ago. Unless they're in the habit of offering to repay money they claim not to owe (as opposed to the rather more familiar tactic of not paying money they demonstrably do owe).

[Frasier3]

What if the clubs lawyers maintain that the repayment offer was made on the basis of a small percentage of the £1.2 mill being a loan and the bulk was to buy shares.