Lamos and G50 injunction

[Christies Child]

I've just read that Lamos has taken out an injunction against G50 claiming that he did not give approval for his shares to be taken over by G50 and hence they had no legal right to sell them on to Cala

And so the water gets even more cloudy....

[jon MFC fan]

the injunction could be thrown out due to Lemos Disappearing and not fulfilling the contractual obligation http://uk.practicallaw.com/2-211-3117

[P/T Indie]

But could g50 be thrown out for not paying the full sum. I would have thought PMG would still be fighting to get his.money back or has he admitted defeat on that front.

[Christies Child]

Whatever....it puts in serious doubt Cala's claim to be the owner....and so the saga rolls on.

For me l want the shares to be returned to Pmcg and then for him to agree to donate a major percentage to a local consortium made up of current and former Directors. We are told that their are local interested parties prepared to finance the club on the understanding that Pmcg goes.

Let's see if these claims are true. It would also enable the Trust to get involved with people who have the future of the club very close to their hearts......and are local not from out of town or the country.

[BerlinWaller]

This must be bad news for the club. If Lemos is contesting G50's actions then that is going to create more red tape and waste precious time. After all these Vultures have fed on the club, there is not going to be much of a club left. Cala might be everything we don't want but he might just have the thing we need to survive. I fear the worst.

[Gnasher]

I've just read that Lamos has taken out an injunction against G50 claiming that he did not give approval for his shares to be taken over by G50 and hence they had no legal right to sell them on to Cala

And so the water gets even more cloudy....

Where have you read that Diego has taken out an injunction against G50? All that is reported so far is the threat of an injunction.

It's no more than a threat so at this point in time, the shares are G50's to sell to Cala. The legal costs to fight for the return of the shares will be extortionate, do you think Diego has that sort of money to fight ownership of a loss making Ltd company?

[jon MFC fan]

I've just read that Lamos has taken out an injunction against G50 claiming that he did not give approval for his shares to be taken over by G50 and hence they had no legal right to sell them on to Cala

And so the water gets even more cloudy....

Where have you read that Diego has taken out an injunction against G50? All that is reported so far is the threat of an injunction.

It's no more than a threat so at this point in time, the shares are G50's to sell to Cala. The legal costs to fight for the return of the shares will be extortionate, do you think Diego has that sort of money to fight ownership of a loss making Ltd company?

http://www.thebay.co.uk/news/local-news/morecambe-fc-mess-wages-unpaid-and-injunction-against-g50-holdings/

[Gnasher]

And I'll repeat the question, where does it say Diego has taken out an injunction against G50?

Meanwhile, The Bay can reveal that an injunction threat is thought to be looming against G50 Holdings LTD

Bay News spoke to Mr Burnard this afternoon (Tuesday), who acknowledged to us that he is aware of the injunction threat against G50 Holdings. When we asked him about it he said: "I am well aware of it. My answer is the same. His client (Mr Lemos) can put up or shut up." He refused to comment to Bay News any further.

[RedRedWine]

Rod Taylor said last week on BBC Radio Lancashire Interview 'There is absolutely no doubt in my mind that G50 Holdings Limited are the owner of the club, who controls G50 I'm not so certain' or something along those lines.

[Christies Child]

Ok I jumped the gun there but it does throw even more confusion into the saga. Lamos did mention that he hadn't agreed for G50 taking over his shares somewhere over the weekend.

The bay article does state that a lawyer has said that Lamos is the only one who can agree to sell shares.

And I thought Game of Thrones was confusing, but this beats that by a country mile.

[Gnasher]

Ok I jumped the gun there but it does throw even more confusion into the saga. Lamos did mention that he hadn't agreed for G50 taking over his shares somewhere over the weekend.

At this point in time, there is no legal action being taken against G50 over share ownership so it's clear cut that they can sell to Cala. Throw in an injunction and that's where it gets more confused.

Diego's claim is only that, something he said on the phone from Brazil. If he's so serious about this, why isn't he here disputing it? Surely it couldn't be the fact that he's got no money of his own?

[jon MFC fan]

Burnard actually created G50
From the Bay

Durham-based accountant Graham Burnard initially established G50 Holdings and Sport 99 for Mr Lemos, in order to aquire the club. Mr Burnard became the owner of G50 Holdings in mid January when 99% of the shares were transferred to himself.

[Christies Child]

Burnard actually created G50
From the Bay

Durham-based accountant Graham Burnard initially established G50 Holdings and Sport 99 for Mr Lemos, in order to aquire the club. Mr Burnard became the owner of G50 Holdings in mid January when 99% of the shares were transferred to himself.

....but this is what I assume Lemos is disputing

[jon MFC fan]

If Lemon can put an Injunction can't there be a counter Injunction

[bill ding]

Oh my head hurts

[Gnasher]

Lemon (love that typo ) can say what he likes but as Burnard says, put up or shut up. So far it's all talk, from very afar.

[jon MFC fan]

Put up or Shut up and get the **** out and don't let the door hit you on the way out

[John L]

And I thought Game of Thrones was confusing, but this beats that by a country mile.

Game of Shrimps, anyone?

[KenH]

My guess is that it's all posturing and empty threats to try to preserve his reputation. Quite a common ploy to muddy the waters and claim he's the innocent victim. If he didn't say anything, his reputation would be in tatters and in the future, if he tried to do any other deals, people would be dragging up all the negative publicity and claiming he's a wrong 'un - just look at the people on here who've slagged off Cala over past deals gone wrong. In 5 or 10 years' time, Diego can claim that he was the innocent victim and will be in a better position to do business - people doing a quick google will see the MFC fiasco but also see links stating that Diego started an injunction - most people have a short attention span so won't bother to check it out whether the injunction actually came to anything!

[mrpotatohead]

Really?....you think ''Diego'' cares about his reputation

[KenH]

Really?....you think ''Diego'' cares about his reputation

Any sane person would do all they can to protect a tarnished reputation. You simply don't know what the future holds. He's had a lot of stick thrown his way and his name has been rubbished in the media. He has a choice of sitting back and ignoring it and hoping that whatever money/family/business links he has will support him throughout life in the luxury he's accustomed to. Or the alternative of spending a couple of hours of his time talking to the media, making a few threats of injunctions, a few claims of being an innocent party, etc., - costs him nothing and could salvage his reputation for the future. To me, it's a no brainer.