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Vital Reserves Team
If our situation hasn't been caused by a force majeure I'm unsure what a 'force majeure' is?
Force majeure is when your owner forces to sell the stadium to itself to gain a unfair advantage over other clubs
9
Would imagine a global pandemic might qualify?
Bugger all to do with it.9
Would imagine a global pandemic might qualify?
Even if the appeal is lost, what isn't getting any/enough air time is, if a club enters administration in July, the points would always be taken off the following season. Never before has it been backdated to the previous. July 1st signals the start of a new season.
As the season legally ended 30th June, not sure why the EFL have changed it and decided to backdate the points deduction.
I would much rather take the hit next season if we have to, then we keep the Championship revenue and don't suffer an totally unfair relegation, sell a couple of players to make a profit and we would still have a strong young squad, that is improving and I would back us to stay up even with 12 off, given our performance levels since January. I think the league will be significantly weaker next season too.
Agreement to fulfill the fixtures, however contracts etc weren't automatically renewed. It's certainly a get out clause for the EFL to delay the points, considering they wrongly allowed this takeover, they should use it.
But how dumb must he have been then, to buy us in the middle of Covid, (not played for months) and then to blame Covid for putting us into Admin!Even previous owner says that covid 19 played its part. Its a force majeure in any other line of business.
Your right. Today John Lewis retail, has announced closure of several outlets - due to Covid - thus 'Force Majeure'. Our 'lead' owner Mr Au Yeung Wai Kay quoted same reason. Why is his comments being negated by R Parry?Even previous owner says that covid 19 played its part. Its a force majeure in any other line of business.
God almighty, you've just exhibited how little you know about this matter. You need to go and check the facts. This transfer of ownership wasn't a open market 'arms length' transaction. It was constructed arrangement which started in Nov 2019. And just for clarification; after the transfer of ownership we were still being funded by IEC who were then a third party and therefore cannot be guaranteed. They were under no obligation to continue funding. Shame the boneheads at EFL didn't have the cognitive skils to work it out as I warned them; we had limited time. It's all in the letter Dr Choi provided to his shareholders and the general public 8 May which I urged folks on this forum to read. PityBut how dumb must he have been then, to buy us in the middle of Covid, (not played for months) and then to blame Covid for putting us into Admin!
Covid may absolutely be an element as to why we're struggling now (no cashflow) but there's no way Yeung can use it as an excuse.
If IEC had done it (and not sold us to NLF), then they may have had a point. Not Yeung though.
I know how much you want to avoid a "to and fro", but given your opening statement, I feel entitled to respond.God almighty, you've just exhibited how little you know about this matter. You need to go and check the facts. This transfer of ownership wasn't a open market 'arms length' transaction. It was constructed arrangement which started in Nov 2019. And just for clarification; after the transfer of ownership we were still being funded by IEC who were then a third party and therefore cannot be guaranteed. They were under no obligation to continue funding. Shame the boneheads at EFL didn't have the cognitive skils to work it out as I warned them; we had limited time. It's all in the letter Dr Choi provided to his shareholders and the general public 8 May which I urged folks on this forum to read. Pity