What's happening? | Vital Football

What's happening?

BobHatton

Vital Champions League
Wasn't there meant to be a statement over the weekend (or at least by today - Monday) from VB?
 
Still waiting on it.
Court reopens tomorrow so the next stage of the O asset sales can commence this week. Basically the authorisation to take to auction with no reserve price. Over 30 assets supposed to be listed, including those in BFC Properties where O's shares in BFC are held.
 
The court case today (Thursday) relates to the result of the appeal on the earlier Manchester judgement regarding the south stand. That is not expected to succeed but is pretty immaterial anyway as interim payment against it has already been made and the London judgement meant any residual amount would be cancelled by the much bigger London judgement. It will of course just mean more legal expenses awarded against O if he does lose another appeal :grins:
On the main case and the sale of O assets there are Indications on AVFTT that the orders for sale were confirmed on Tuesday and that O has 2 weeks to respond to those, although there would appear to be little or no grounds to delay them. At least some assets could go to auction within the next 4 weeks. Of course O's mystery investors could save the day!
 
Thanks for the summary Pete it seems like groundhog week and we are always two weeks off something happening