Fri Aug 26, 2022 4:01 pm
Paul Keevil wrote:As I posted earlier in the year I think FINANCIALLY this is the best outcome for the club.
I think this decision could actually have the capacity to put Nantes out of business.
The reason being that if CAS viewed Emiliano as a Nantes player then:
a) We wouldnt have to pay the £15m fee but also
b) We would not be able to sue Nantes for Loss of Revenue
As it is
a) Yes we will have to pay £15m but its money we had put aside
b) But, and this is very important, we will now be able to sue Nantes for:
(i) £15m loss of asset
(ii) £200m (in region of) for Loss of Revenue as a result of being relegated and predominantly as a result of their Employee, Servant or Agent failing to protect an asset of CCFC which resulted in ongoing losses
There will be some who argue that how can we put our relegation down to ES death.
The case for CCFC will be that we were signing a player who, at the time of his death, was 2nd top goalscorer in the French League (Behind Mbappe) and his goals (for CCFC) would have taken us up the table - bearing in mind we only got relegated by 1 pt.
"On the balance of Probabilities" had we had the use of him I believe a Court would find that we would not have been relegated and thus not lost the revenue that we did.
Nantes could find themselves with £15m in their pocket but they could also find themselves being sued for £200m
Fri Aug 26, 2022 4:16 pm
Fri Aug 26, 2022 4:38 pm
Fri Aug 26, 2022 4:46 pm
Paul Keevil wrote:As I posted earlier in the year I think FINANCIALLY this is the best outcome for the club.
I think this decision could actually have the capacity to put Nantes out of business.
The reason being that if CAS viewed Emiliano as a Nantes player then:
a) We wouldnt have to pay the £15m fee but also
b) We would not be able to sue Nantes for Loss of Revenue
As it is
a) Yes we will have to pay £15m but its money we had put aside
b) But, and this is very important, we will now be able to sue Nantes for:
(i) £15m loss of asset
(ii) £200m (in region of) for Loss of Revenue as a result of being relegated and predominantly as a result of their Employee, Servant or Agent failing to protect an asset of CCFC which resulted in ongoing losses
There will be some who argue that how can we put our relegation down to ES death.
The case for CCFC will be that we were signing a player who, at the time of his death, was 2nd top goalscorer in the French League (Behind Mbappe) and his goals (for CCFC) would have taken us up the table - bearing in mind we only got relegated by 1 pt.
"On the balance of Probabilities" had we had the use of him I believe a Court would find that we would not have been relegated and thus not lost the revenue that we did.
Nantes could find themselves with £15m in their pocket but they could also find themselves being sued for £200m
Fri Aug 26, 2022 4:54 pm
Paul Keevil wrote:As I posted earlier in the year I think FINANCIALLY this is the best outcome for the club.
I think this decision could actually have the capacity to put Nantes out of business.
The reason being that if CAS viewed Emiliano as a Nantes player then:
a) We wouldnt have to pay the £15m fee but also
b) We would not be able to sue Nantes for Loss of Revenue
As it is
a) Yes we will have to pay £15m but its money we had put aside
b) But, and this is very important, we will now be able to sue Nantes for:
(i) £15m loss of asset
(ii) £200m (in region of) for Loss of Revenue as a result of being relegated and predominantly as a result of their Employee, Servant or Agent failing to protect an asset of CCFC which resulted in ongoing losses
There will be some who argue that how can we put our relegation down to ES death.
The case for CCFC will be that we were signing a player who, at the time of his death, was 2nd top goalscorer in the French League (Behind Mbappe) and his goals (for CCFC) would have taken us up the table - bearing in mind we only got relegated by 1 pt.
"On the balance of Probabilities" had we had the use of him I believe a Court would find that we would not have been relegated and thus not lost the revenue that we did.
Nantes could find themselves with £15m in their pocket but they could also find themselves being sued for £200m
Fri Aug 26, 2022 5:07 pm
paulh_85 wrote:Paul Keevil wrote:As I posted earlier in the year I think FINANCIALLY this is the best outcome for the club.
I think this decision could actually have the capacity to put Nantes out of business.
The reason being that if CAS viewed Emiliano as a Nantes player then:
a) We wouldnt have to pay the £15m fee but also
b) We would not be able to sue Nantes for Loss of Revenue
As it is
a) Yes we will have to pay £15m but its money we had put aside
b) But, and this is very important, we will now be able to sue Nantes for:
(i) £15m loss of asset
(ii) £200m (in region of) for Loss of Revenue as a result of being relegated and predominantly as a result of their Employee, Servant or Agent failing to protect an asset of CCFC which resulted in ongoing losses
There will be some who argue that how can we put our relegation down to ES death.
The case for CCFC will be that we were signing a player who, at the time of his death, was 2nd top goalscorer in the French League (Behind Mbappe) and his goals (for CCFC) would have taken us up the table - bearing in mind we only got relegated by 1 pt.
"On the balance of Probabilities" had we had the use of him I believe a Court would find that we would not have been relegated and thus not lost the revenue that we did.
Nantes could find themselves with £15m in their pocket but they could also find themselves being sued for £200m
That'll never happen though
Fri Aug 26, 2022 5:10 pm
Fri Aug 26, 2022 5:15 pm
Fri Aug 26, 2022 5:16 pm
Fri Aug 26, 2022 5:16 pm
Paul Keevil wrote:paulh_85 wrote:Paul Keevil wrote:As I posted earlier in the year I think FINANCIALLY this is the best outcome for the club.
I think this decision could actually have the capacity to put Nantes out of business.
The reason being that if CAS viewed Emiliano as a Nantes player then:
a) We wouldnt have to pay the £15m fee but also
b) We would not be able to sue Nantes for Loss of Revenue
As it is
a) Yes we will have to pay £15m but its money we had put aside
b) But, and this is very important, we will now be able to sue Nantes for:
(i) £15m loss of asset
(ii) £200m (in region of) for Loss of Revenue as a result of being relegated and predominantly as a result of their Employee, Servant or Agent failing to protect an asset of CCFC which resulted in ongoing losses
There will be some who argue that how can we put our relegation down to ES death.
The case for CCFC will be that we were signing a player who, at the time of his death, was 2nd top goalscorer in the French League (Behind Mbappe) and his goals (for CCFC) would have taken us up the table - bearing in mind we only got relegated by 1 pt.
"On the balance of Probabilities" had we had the use of him I believe a Court would find that we would not have been relegated and thus not lost the revenue that we did.
Nantes could find themselves with £15m in their pocket but they could also find themselves being sued for £200m
That'll never happen though
This has a long way to go and I know that Mehmet is aware of some of the points I have raised in the post above.
The fact is that Nantes are Vicariously Liable for the actions of their Employee, Servant or Agent and CCFC can recover from Nantes any losses that have been sustained.
There is of course the £15m asset (and I do hate putting it like that because someone died - but in legal terms ....)
And the club is entitled to pursue recovery of losses that result.
The following data is from Companies House
Brighton were the side immediately above us that year and would be a good example to use to determine what would have happened had we stayed up.
2018/19 Brighton finished 17th - Turnover £147.9m Cardiff finished 18th - Turnover £122.5m
2019/20 Brighton finished 15th - Turnover £123.2m Cardiff = EFL - Turnover £44.9m (Difference £78.3m)
(Brighton stayed in Premier)
2020/21 Brighton finished 16th - Turnover £139.7m Cardiff = EFL - Turnover £55.1m (Difference £84.6m)
(Brighton stayed in Premier)
In 2018/19 Brighton were a club similar to us. We were seperated by 1 place in the Premier League and by 2 points. The Premier League turnovers were similar. Similar stadium and quality of playing staff (given league position)
Brighton continued to play in the Premier League for the following 2 years (3 once this years accounts are in) bringing in a turnover of £123m and £139m whereas, as a result of relegation, our turnover dropped to £44m and £55m
Lets be clear here. We have lost a lot of money. Had we been a Premier League side our Turnover would have been £150m more than it was over 2 years and probably £200-250m over a 3 year period.
Fri Aug 26, 2022 5:18 pm
Fri Aug 26, 2022 5:21 pm
Forever Blue wrote:CAS ordered Cardiff City to pay the transfer fee to FC Nantes and sentenced Cardiff to a historically high sum, in respect of procedural costs and arbitration costs.
Wow, I said this would cost Cardiff City a lot more than just the transfer fee.
Fri Aug 26, 2022 5:24 pm
Fri Aug 26, 2022 5:25 pm
Fri Aug 26, 2022 5:30 pm
Fri Aug 26, 2022 5:32 pm
Forever Blue wrote:Cardiff presented their case to the Court of Arbitration for Sport in Switzerland and the hearing took place in early March. A decision has now been reached and their appeal has been dismissed and it has been confirmed the transfer was completed before the striker's death. They will now have to pay the first installment of that fee - around €6million.
Fri Aug 26, 2022 5:39 pm
Paul Keevil wrote:But surely no court will award damages on the assumption that sala playing games for us keeps us up . It’s a complete ‘what if’ scenario
In answer.....
In the UK Civil Courts deal with matters "on the balance of probabilities" and not "beyond reasonable doubt" as in the criminal courts
So all CCFC would need to do is suggest to the Court that they have signed someone who was number 2 in the French League behind Mbappe and that if he was scoring so many goals there "on the balance of probabilities" he would have scored a few in the Premier League
Actually "on the balance of probabilities" he would probably score more than a few
If a Court deems that he would have scored enough goals ("on the balance of probabilities") to take us above Brighton then a loss of revenue claim could succeed.
Fri Aug 26, 2022 5:42 pm
Fri Aug 26, 2022 5:51 pm
Forever Blue wrote:Cardiff can really only sue the pilot , the air company, the agents but they had virtually nothing . Our costs are over £3mill and Nantes costs we have to pay, plus interest, plus interest on the non payments which is massive. A deal should of been done. We have lost the appeal. Sala was registered as our player
Fri Aug 26, 2022 5:55 pm
Paul Keevil wrote:Forever Blue wrote:Cardiff presented their case to the Court of Arbitration for Sport in Switzerland and the hearing took place in early March. A decision has now been reached and their appeal has been dismissed and it has been confirmed the transfer was completed before the striker's death. They will now have to pay the first installment of that fee - around €6million.
There are 2 legal battles here
1) Was Emiliano our player and do we owe the money. Answer=Yes. We owe the £15m first and foremost
2) The second battle is a civil matter where if we can prove Nantes were vicariously liable then we can pursue a civil action against them to have the £15m repaid to us plus a potential loss of revenue
We should sue Nantes as being vicariously liable for the actions of their Employee Servant or Agent and Nantes Insurers will have to pick up the tab
Fri Aug 26, 2022 6:08 pm
Bakedalasker wrote:Paul Keevil wrote:Forever Blue wrote:Cardiff presented their case to the Court of Arbitration for Sport in Switzerland and the hearing took place in early March. A decision has now been reached and their appeal has been dismissed and it has been confirmed the transfer was completed before the striker's death. They will now have to pay the first installment of that fee - around €6million.
There are 2 legal battles here
1) Was Emiliano our player and do we owe the money. Answer=Yes. We owe the £15m first and foremost
2) The second battle is a civil matter where if we can prove Nantes were vicariously liable then we can pursue a civil action against them to have the £15m repaid to us plus a potential loss of revenue
We should sue Nantes as being vicariously liable for the actions of their Employee Servant or Agent and Nantes Insurers will have to pick up the tab
Can of worms
Fri Aug 26, 2022 6:34 pm
Fri Aug 26, 2022 6:40 pm
Fri Aug 26, 2022 7:02 pm
OwainGlyndŵr123 wrote:There’s no way we can blame Nantes for loss of earnings. There’s no guarantee Sala would have kept us up or even scored a goal? Obviously I don’t know the laws but that seems ridiculously far fetched to me.
Fri Aug 26, 2022 7:09 pm
Fri Aug 26, 2022 7:20 pm
Paul Keevil wrote:paulh_85 wrote:Paul Keevil wrote:As I posted earlier in the year I think FINANCIALLY this is the best outcome for the club.
I think this decision could actually have the capacity to put Nantes out of business.
The reason being that if CAS viewed Emiliano as a Nantes player then:
a) We wouldnt have to pay the £15m fee but also
b) We would not be able to sue Nantes for Loss of Revenue
As it is
a) Yes we will have to pay £15m but its money we had put aside
b) But, and this is very important, we will now be able to sue Nantes for:
(i) £15m loss of asset
(ii) £200m (in region of) for Loss of Revenue as a result of being relegated and predominantly as a result of their Employee, Servant or Agent failing to protect an asset of CCFC which resulted in ongoing losses
There will be some who argue that how can we put our relegation down to ES death.
The case for CCFC will be that we were signing a player who, at the time of his death, was 2nd top goalscorer in the French League (Behind Mbappe) and his goals (for CCFC) would have taken us up the table - bearing in mind we only got relegated by 1 pt.
"On the balance of Probabilities" had we had the use of him I believe a Court would find that we would not have been relegated and thus not lost the revenue that we did.
Nantes could find themselves with £15m in their pocket but they could also find themselves being sued for £200m
That'll never happen though
This has a long way to go and I know that Mehmet is aware of some of the points I have raised in the post above.
The fact is that Nantes are Vicariously Liable for the actions of their Employee, Servant or Agent and CCFC can recover from Nantes any losses that have been sustained.
There is of course the £15m asset (and I do hate putting it like that because someone died - but in legal terms ....)
And the club is entitled to pursue recovery of losses that result.
The following data is from Companies House
Brighton were the side immediately above us that year and would be a good example to use to determine what would have happened had we stayed up.
2018/19 Brighton finished 17th - Turnover £147.9m Cardiff finished 18th - Turnover £122.5m
2019/20 Brighton finished 15th - Turnover £123.2m Cardiff = EFL - Turnover £44.9m (Difference £78.3m)
(Brighton stayed in Premier)
2020/21 Brighton finished 16th - Turnover £139.7m Cardiff = EFL - Turnover £55.1m (Difference £84.6m)
(Brighton stayed in Premier)
In 2018/19 Brighton were a club similar to us. We were seperated by 1 place in the Premier League and by 2 points. The Premier League turnovers were similar. Similar stadium and quality of playing staff (given league position)
Brighton continued to play in the Premier League for the following 2 years (3 once this years accounts are in) bringing in a turnover of £123m and £139m whereas, as a result of relegation, our turnover dropped to £44m and £55m
Lets be clear here. We have lost a lot of money. Had we been a Premier League side our Turnover would have been £150m more than it was over 2 years and probably £200-250m over a 3 year period.
Fri Aug 26, 2022 7:38 pm
paulh_85 wrote:Paul Keevil wrote:paulh_85 wrote:Paul Keevil wrote:As I posted earlier in the year I think FINANCIALLY this is the best outcome for the club.
I think this decision could actually have the capacity to put Nantes out of business.
The reason being that if CAS viewed Emiliano as a Nantes player then:
a) We wouldnt have to pay the £15m fee but also
b) We would not be able to sue Nantes for Loss of Revenue
As it is
a) Yes we will have to pay £15m but its money we had put aside
b) But, and this is very important, we will now be able to sue Nantes for:
(i) £15m loss of asset
(ii) £200m (in region of) for Loss of Revenue as a result of being relegated and predominantly as a result of their Employee, Servant or Agent failing to protect an asset of CCFC which resulted in ongoing losses
There will be some who argue that how can we put our relegation down to ES death.
The case for CCFC will be that we were signing a player who, at the time of his death, was 2nd top goalscorer in the French League (Behind Mbappe) and his goals (for CCFC) would have taken us up the table - bearing in mind we only got relegated by 1 pt.
"On the balance of Probabilities" had we had the use of him I believe a Court would find that we would not have been relegated and thus not lost the revenue that we did.
Nantes could find themselves with £15m in their pocket but they could also find themselves being sued for £200m
That'll never happen though
This has a long way to go and I know that Mehmet is aware of some of the points I have raised in the post above.
The fact is that Nantes are Vicariously Liable for the actions of their Employee, Servant or Agent and CCFC can recover from Nantes any losses that have been sustained.
There is of course the £15m asset (and I do hate putting it like that because someone died - but in legal terms ....)
And the club is entitled to pursue recovery of losses that result.
The following data is from Companies House
Brighton were the side immediately above us that year and would be a good example to use to determine what would have happened had we stayed up.
2018/19 Brighton finished 17th - Turnover £147.9m Cardiff finished 18th - Turnover £122.5m
2019/20 Brighton finished 15th - Turnover £123.2m Cardiff = EFL - Turnover £44.9m (Difference £78.3m)
(Brighton stayed in Premier)
2020/21 Brighton finished 16th - Turnover £139.7m Cardiff = EFL - Turnover £55.1m (Difference £84.6m)
(Brighton stayed in Premier)
In 2018/19 Brighton were a club similar to us. We were seperated by 1 place in the Premier League and by 2 points. The Premier League turnovers were similar. Similar stadium and quality of playing staff (given league position)
Brighton continued to play in the Premier League for the following 2 years (3 once this years accounts are in) bringing in a turnover of £123m and £139m whereas, as a result of relegation, our turnover dropped to £44m and £55m
Lets be clear here. We have lost a lot of money. Had we been a Premier League side our Turnover would have been £150m more than it was over 2 years and probably £200-250m over a 3 year period.
It's a long interesting post , am I'm certainly not trying to discredit your point. But there's no way the figure you're quoting will ever be agreed in court, and even if it were they couldn't pay it anyway.
And even if we were successful, you're talking years and years down the road ( while we would have to pay up first as well as the insane lawyer fees)
Fri Aug 26, 2022 7:40 pm
Fri Aug 26, 2022 8:00 pm
Fri Aug 26, 2022 8:27 pm
GrangeEndStar wrote:Paul's legal advice in this has been valuable, the club revealed its potential direction of travel on the FIFA report and it's been confirmed today in the statement. A warning shot to Nantes that they will come off worse from a separate civil case where we will recover the transfer fee, costs and loss of earnings based on Vicarious responsibility and balance of probabilities, as Nantes are ultimately responsible for the tragedy.
It's complex though. What I don't understand is this. If we do have to pay the transfer fee, why isn't this from insurance as opposed from our own funds, which have been ringfenced for this? That's what insurance is for. So if we were sufficiently insured, why did we ringfence funds?
As said it is complex and when it is, always follow the money, it always leads to the truth. And the only truth I see here is that we can potentially sue Nantes for a lot of money as ultimately, it was their neglect that caused the crash.