Untenable position?

BrizzleBluebird said:
To be fair, our position in understandable, as is Nantes too.

Not wanting to trivialise the tragedy by comparison, but if you had bought a rare Ferrari for £15 million, and the delivery driver totals it because the truck he was using to transport it wasn't road worthy, taxed, insured AND the driver wasn't licenced to drive it, you'd definitely be looking at them for reimbursement.

The person or business you bought it off would still want paying too, even if there had been a minor discrepancy with the paperwork.

The scumbag agent who is ultimately responsible along with his dodgy mate who ran the air company.
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This sums it up well.
Will it though bring closure to the whole horribly sad saga?
No as the club are suggesting an appeal and won’t be paying Nantes in the meantime.
 
ninian opinion said:
This sums it up well.
Will it though bring closure to the whole horribly sad saga?
No as the club are suggesting an appeal and won’t be paying Nantes in the meantime.
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If they don't appeal and also refuse to pay, they'll get an immediate 3 window transfer ban with more to follow.

They have to appeal.
 
Oldsparkey said:
If they don't appeal and also refuse to pay, they'll get an immediate 3 window transfer ban with more to follow.

They have to appeal.
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Appreciate that; my point was that it’ll drag on and on and assuming the appeal fails, then there’ll be law suits here there and everywhere by City trying to claw back the £15m.
 
I doubt the real guilty parties, McKay etc have any assets for City to sue for.

It's a lot of cash but perhaps we should pay up to end that side of the very sorry episode?

Question: If we pay the £5m are we also liable for the rest of the fee?
 
ninian opinion said:
Appreciate that; my point was that it’ll drag on and on and assuming the appeal fails, then there’ll be law suits here there and everywhere by City trying to claw back the £15m.
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Sad as it may seem, I think that's the way it's going to be.

There's a contingency built into the balance sheet (about £21M I think) if the case was lost, but that's only a paper exercise. It' good accounting practice and covers the club's financial position in a worse case scenario but the money would still have to be found from somewhere - Tan I presume?
 
BluefromBridgend said:
I doubt the real guilty parties, McKay etc have any assets for City to sue for.

It's a lot of cash but perhaps we should pay up to end that side of the very sorry episode?

Question: If we pay the £5m are we also liable for the rest of the fee?
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Yes, the whole lot plus legal fees and expenses.
 
ninian opinion said:
This sums it up well.
Will it though bring closure to the whole horribly sad saga?
No as the club are suggesting an appeal and won’t be paying Nantes in the meantime.
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Agreed. Sadly we will still pursue every available avenue (like any business would) but it does nothing for the image of the club and still doesn't sit well morally (at least not with me).

I note the comment in the statement around the club supporting the family, that will definitely get lost in the clamour to point fingers at the club again.
 
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As fraught as the whole tragic episode has been for Emiliano's family, they will be not be lost on the financial implications of the decision.

If he was a Cardiff player at the time of his death as the CAS has ruled, Sala's estate would be entitled to the signing on fee agreed. I believe it was in excess of £1M and was a stumbling block in the contract at the time as he wanted it paid directly to his mother which was against FIFA rules.
 
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The club is not necessarily driving this.....insurance companies almost certainly involved and driving the issue. It may even be an insurance company of the agent or people involved with the plane who will be pulled in!
 
FrankfurterBlue said:
The club is not necessarily driving this.....insurance companies almost certainly involved and driving the issue. It may even be an insurance company of the agent or people involved with the plane who will be pulled in!
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Bit of a odd situation this.

How can a club persist with the stance that Sala was not a Cardiff player and then expect their insurance company to pay up when CAS says he was?
 
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That was inevitable and frankly I don’t know why CCFC didn’t close the circle from the outset and just claim versus the insurers.

I appreciate one has to attempt to mitigate ones losses, but even without hindsight CCFC were always going to lose the Tribunal case.
 
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ninian opinion said:
That was inevitable and frankly I don’t know why CCFC didn’t close the circle from the outset and just claim versus the insurers.
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I suppose there was a dance to be done.

If it was proven he wasnt a city player, there would be no valid claim against the insurers.
Now there is.
A painfully slow process though.
 
I wouldn't be surprised if the insurers will counterclaim negligence on City's part by not controlling his mode of transport from Nantes to UK.

It would be difficult to argue against this.

Again it will all be down to the small print.
 
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