The Friedkin Group - Dan & Ryan Friedkin

[TyphooToffee]

Leadenhall sues 777 Partners & related persons/entities over collateral fraud - Artemis.bm

Leadenhall Capital Partners LLP, the London-headquartered specialist insurance-linked securities (ILS) and reinsurance linked investment manager, has

www.artemis.bm

Thanks @Goat

 

[Damo_1878]

Fair play, I actually admire the fact that you've posted some BS off Reddit, presented it as an Athletic quote to mislead people on here, and are trying to style it out.

My suggestion that you delete or edit your post was to avoid falling foul of forum rules but you crack on.

It's past time I have the ability to do that

Don't worry. I will "crack on" within the rules

I'm well aware of your tendency to try and silence people. I've literally seen you comment of your desire to stop certain people commenting on Everton. If you don't agree with them

 

[Trublue12]

Greedy?

The fella has wasted 800million on us so far, I dont blame him for not wanting to stick his hand in his pocket.

If he'd run the club, with even the smallest amount of common sense he wouldny have wasted £800 million. Just let the director of football do his job would, have been a start.

 

[TyphooToffee]

Leadenhall sues 777 Partners & related persons/entities over collateral fraud - Artemis.bm

Leadenhall Capital Partners LLP, the London-headquartered specialist insurance-linked securities (ILS) and reinsurance linked investment manager, has

www.artemis.bm

I remember reading it now. I was forgetting is was Leadenhall the company, not Leadenhall the area of the City

 

[Goat]

If he'd run the club, with even the smallest amount of common sense he wouldny have wasted £800 million. Just let the director of football do his job would, have been a start.

Agreed, hes a clown.

I just understand why hes not willing to throw more money down the drain on us.

 

[Moomin]

The article linked above does not contain the passage you quote, hence my question. Your quote includes the sentence "Thus they are in criminal court." That's why I mention it's not a criminal matter.

The article does not say that, so where has it come from?

He is making it up.

 

[Daveysgingerlovechild]

From Wexing to Carping...

 

[Tramps_mate]

You know what that's not necessarily a bad shout with her now leaving newcastle

Rumour is she's looking for a new investment..

 

[Hellerad]

Well, with this deal the club will have needed to see the source of funds. It's never just as simple as 777 lending to Everton -- in my experience there is always documentation to show the source of funds (ultimate beneficiary / beneficiaries / shareholders blah blah behind the company).

Its not like a simple "sam steals, sam lends to Everton". Theres a paper trail. Its like when you have a BVI company you face which is owned by Cayman entity and then behind that a Belize firm. The directors of each arent the owners and to find the source you need the name and documents of each and also behind the Belize entity (where it is a serious crime to reveal the true ownership).

I dont see how this would not be the case with this situation.

Also, as per my question we arent simply sending back to Sam or Joe. We could send to the courts, we could do all sorts of things to mitigate any issue as the innocent party.

Is that 777 situation not a civil case rather than a criminal one?

re: due diligence and fund sourcing, likely, or at least I hope.

re: civil vs criminal, it is certainly civil but these things can be both (the issues would be handled separately)

 

[MikeH72]

Agreed, hes a clown.

I just understand why hes not willing to throw more money down the drain on us.

Because it’s the business that he personally agreed to buy and own?

 

[Goat]

Because it’s the business that he personally agreed to buy and own?

And he keeps finding other mugs to fund it for him.

The man's a genius.

 

[MikeH72]

And he keeps finding other mugs to fund it for him.

The man's a genius.

Yeah and now he wants to sell it he can’t because of those loans. One of the great geniuses of our time for sure.

 

[Hellerad]

How can Joe accuse you when you had no idea who Joe was ?

Surely Sam is liable not me in this example

It doesn’t require “liability” for a crime. Civil and equitable remedies exist.

It may help to put yourself in “Joe’s” shoes.

If Sam lies to you to gain access to your money and then loans that money to Everton, should you not have some right to get it back from Everton?

Now, if Everton owes Sam loan repayments for that same money, should you have rights to the loan repayment?

Note: I’m speaking purely hypothetically. I don’t even know if these things happened or scared TFG. I’ve only said that it’s legally possible. The fraud case makes it at least a possibility.

 

[Goat]

Yeah and now he wants to sell it he can’t because of those loans. One of the great geniuses of our time for sure.

Saved himself 400million.

 

[MikeH72]

Saved himself 400million.

Well he’d have been able to sell the club if it didn’t have £600m debt piled on top of it, so still no.