Radz being sued for £750m by Chinese investors?
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Radz being sued for £750m by Chinese investors?
Apparently Leeds united owner Andrea Radrizzani is being sued for £750million by Chinese investors. Radrizzani’s sports rights company MP & Silva was bought out by the group in 2016, but collapsed in October. The Chinese are suing Radrizzani and business partner Riccardo Silva for commercial fraud"
https://www.bloomberg.com/news/articles ... -goes-bust
https://www.bloomberg.com/news/articles ... -goes-bust
Re: Radz being sued for £750m by Chinese investors?
We are owned separately so hopefully this news won't destroy us, it might affect his ability to own us.
Re: Radz being sued for £750m by Chinese investors?
Well if he loses that we definitely will be sold, Radz i doubt has the sort of wealth that can afford that sort of loss.
Being sued by the state fund of China, thats not good.
Being sued by the state fund of China, thats not good.
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King Cjay
Fountain of all knowledge and wisdom
King Cjay
Fountain of all knowledge and wisdom
Re: Radz being sued for £750m by Chinese investors?
Reading that it sounds like the Chinese have created their own problems. Losing key staff, appointing three separate CEO's since takeover, and losing the Serie A rights under their own ownership, probably due to the first two points. TV Rights deals don't just fall into your lap.
Delapsus Resurgam - When I fall I shall rise!
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Re: Radz being sued for £750m by Chinese investors?
These things take years in the courts, Radz initial plan of selling after 5 years or us getting into the prem will be long gone and so will he by the time this is sorted.
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Re: Radz being sued for £750m by Chinese investors?
Indeed. Deffo sounds like they bought a good business and were totally inept at running it and as such lost all the tv deals.Gandalf wrote: ↑Wed Mar 20, 2019 12:15 pm Reading that it sounds like the Chinese have created their own problems. Losing key staff, appointing three separate CEO's since takeover, and losing the Serie A rights under their own ownership, probably due to the first two points. TV Rights deals don't just fall into your lap.
Re: Radz being sued for £750m by Chinese investors?
Get us promoted then Radz could give Everbright us as part of the settlement.
They tried to buy Liverpool a while back
They tried to buy Liverpool a while back
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King Cjay
Fountain of all knowledge and wisdom
King Cjay
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- weasel
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Re: Radz being sued for £750m by Chinese investors?
Christ you'd really want us to be taken over by that company - sound like a bunch of f*ckwits. Would prob sack Bielsa and hire Paul Heckingar$e
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Re: Radz being sued for £750m by Chinese investors?
this ...I really don't want to be a corporate plaything like Chelsea, Man City and whomever else. That's not us
"Never debate an idiot, they'll only drag you down to their level and they have the advantage of experience"
Re: Radz being sued for £750m by Chinese investors?
This article seems to point to a reversal of funding from the Chinese Government leading to a lack of investment in MB Silva. I really cannot see why the previous owners are being sued.
https://www.scmp.com/sport/article/2157 ... ng-history
https://www.scmp.com/sport/article/2157 ... ng-history
Delapsus Resurgam - When I fall I shall rise!
Re: Radz being sued for £750m by Chinese investors?
Ahh thinking about it i read about that somewhere a while ago and i think it forced one huge Chinese company that had invested in a football club to sell, cant remember who or when.Gandalf wrote: ↑Wed Mar 20, 2019 4:07 pm This article seems to point to a reversal of funding from the Chinese Government leading to a lack of investment in MB Silva. I really cannot see why the previous owners are being sued.
https://www.scmp.com/sport/article/2157 ... ng-history
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King Cjay
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King Cjay
Fountain of all knowledge and wisdom
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Re: Radz being sued for £750m by Chinese investors?
Here in the US we have a saying: You can sue a ham sandwich.
Meaning anyone can sue anyone for anything. Filing a suit doesn't mean the suit has merit. Quite often suits are filed for their nuisance value. Often the defendant will settle simply because it's less expensive than mounting a defense. Many states have moved to limit that by creating laws that require plaintiffs to reimburse defendants' legal costs should their suits fail.
Do such laws exist in the UK?
Meaning anyone can sue anyone for anything. Filing a suit doesn't mean the suit has merit. Quite often suits are filed for their nuisance value. Often the defendant will settle simply because it's less expensive than mounting a defense. Many states have moved to limit that by creating laws that require plaintiffs to reimburse defendants' legal costs should their suits fail.
Do such laws exist in the UK?