You do if everyone walks away. The contract is only valid if there is a desire uphold the contract. I mean, Perez could ask for it, but he's not obliged too, and I don't think he's dumb enough to.
United may have to pay 150 million Euros to Super League
- Thread starter Dve
- Start date
Thats why real madrid and barcelona aren't walking away. Even they know the superleague is dead in the waters but they want to get some money from this regardless. Now they may end up with nothing but that doesn't mean they won't try. If they weren't interesting in damages then they would have also issued a statement that they're withdrawing.
Who said it's legally binding? Seems more like a half-executed contract to me. I'll give you an example. First i dont know the terms and all that so i'm just speculating. But say 4 people created a contract to open a deli. Everyone had to pitch in $25k because it would cost $100k. If 3 signed but the last one did not, you DO NOT HAVE A CONTRACT. You need to have a "meeting of the minds" as they say. In other words all parties have to show an affirmative conduct (usually signing) that they agree to the terms. Based on the media reports, they said that 9 teams have agreed to this proposal but 3 were still undecided.
Does anyone really think 10 clubs are paying 150m each to Perez?
If it wasn't legally binding then the statements wouldn't have said that they are in the process of withdrawing. You only start a process of withdrawing if there's something to withdraw from. If the contract isn't valid then legally speaking it doesn't exist and if it doesn't exist there's nothing to withdraw from.
Also a big difference between an executed contract and a LOI. There is 0 chance this ends up with all clubs that left paying 150m each. Otherwise, as you rightly said, by the end it’s incredibly worthwhile to stay in.
How will this get enforced? Through whom?
I smell bullshit.
I smell bullshit.
That would be hilarious. 8 clubs withdrew, that’s 1.2 billion. 300m each for the 4 remaining clubs.
It would put AC Milan and Juventus in a good position for the next few years, and would keep Real and Barca solvent for a few more months.
It would put AC Milan and Juventus in a good position for the next few years, and would keep Real and Barca solvent for a few more months.
You make a good point. Not sure why that term was used. Maybe they are using that word in a general sense or maybe they did some side work to enter which they now have to undo. But what's more likely? Walking away from an enforceable contract where the penalties are $150 million? Or ditching the proposed agreement and making a general albeit somewhat misleading statement?
Here's what i found: "Manchester City Football Club can confirm that it has formally enacted the procedures to withdraw from the group developing plans for a European Super League," Sounds like they did some development plans which they are now having to undo. Not necessarily legal action type of withdrawal. Also in reality you don't "withdraw" from a binding contract. You either perform under it or you breach it. Period.
And get one up on those afluent PL clubs
Through Courts. Although I bet this contract has an arbitration clause which means an arbitration tribunal will decide any claims made by any of the remaining clubs.
Generally yes but parties to the contract can add a clause for withdrawing also under certain conditions. Apparently the contract is more than a hundred pages so it must have a shit load of clauses for nearly every contingency.
That's also true. They could have done that. But my speculation is that they don't have a binding contract because not everyone signed yet.
That withdrawal fee was probably only put in so that teams would not be able to cash in the ca. 300 million founding member fee and withdraw from the league soon after.
Not a chance these teams will be paying anything close to 150m because of this u turn.
Hilarious if anyone thinks that, really.
Not a chance these teams will be paying anything close to 150m because of this u turn.
Hilarious if anyone thinks that, really.
There isn't any authority behind this don't see how this would pan out. Perez on the other hand
All this means is that the Super League is back on boys!
What would the penalty be if they tell the arbitration court to feck off?
Being in the process of withdrawal could also mean informing UEFA that they are not leaving anymore / want to return, etc.
They could get a ruling against them which would be then enforceable by courts in the uk.
We'll get to know in the coming months. For all we know it could also have been an agreement to get into an contract sometime in the future. Were only speculating here because we don't have any documents to see what were the terms and conditions.
But, again, what if United refuses to pay?
Doesn’t seem like it would effect their day to day operations. It’s not like the average citizen refusing to pay a past due bill or credit card statement.
I can see this taking quite a while if it ever comes to pass, and I can also see the fined clubs mugging off the verdicts.
This is obviously ridiculous. But I do wonder if Real and Barca (or whoever hasn't officially abandoned this circus) are yet to withdraw because they think they may still milk a few millions through some very far fetched contract clauses. I mean, they know the league is not happening.
Would be kind of hilarious to see them try to get compensation from the teams who've left. Wonder how that would play out in the press
Would be kind of hilarious to see them try to get compensation from the teams who've left. Wonder how that would play out in the press
The UK Court will seize assets of manchester united and auction it off and pay the amount due to the other party.
Its like any other commercial dispute between two private companies.
Don't underestimate the incompetence of people. For what it's worth, contracts are binding. There will be a penalty clause included. I'm sure of that.
That’s how I’d see it also, can’t pay a club hundreds of millions and not put in any guards against them just taking it and deciding they’re not going to do it after all.
Have to wonder when Real, Juve etc will get any action taken against them? As the threats have been made and they ain’t budging.
I would have liked us to stay in aswell. We've already dragged our reputation though the mud and the super league isn't happening anyways. There's nothing to lose and maybe something to gain.This is obviously ridiculous. But I do wonder if Real and Barca (or whoever hasn't officially abandoned this circus) are yet to withdraw because they think they may still milk a few millions through some very far fetched contract clauses. I mean, they know the league is not happening.
Would be kind of hilarious to see them try to get compensation from the teams who've left. Wonder how that would play out in the press
300m payoff to us would guarantee haaland, sancho and mbappe.
The day we pulled out of ESL I joked to a friend that wouldn't it be funny if this was the plan of Perez?
Get clubs to sign up knowing full well English fans will backlash (and others possibly)
Massive fines for those who leave ~100m.
Monies to be distributed amongst remaining member clubs.
9 clubs leave.
Perez, Laporta, Agnelli visit the strip club with their new cash.
Get clubs to sign up knowing full well English fans will backlash (and others possibly)
Massive fines for those who leave ~100m.
Monies to be distributed amongst remaining member clubs.
9 clubs leave.
Perez, Laporta, Agnelli visit the strip club with their new cash.
We're Greece and Angela Merkel is Perez.
Not happening. Tough luck Perez
All Utd have to do is hire City's lawyers, and everything will be OK.
Maybe this is all an elaborate plan by Perez to receive a large sum of cash; he predicted everyone would live thus the clubs involved have to pay up, Perez gets ahold of some of the cut and buys Mbappe and Haaland.
That's our excuse for not spending money this summer right there.
Yeah, Arsenal and Spurs would totally back away from the ESL knowing that they’d have to pay €150M, sure.
Or we haven't withdrew from the plans, just suspended it. Wording from all clubs statement was very careful and they left room for future involvement.
I'm sure this isn't made up out of thin air but I doubt any club will have to pay anything. There were too many question marks behind the league - it wasn't even finalized. They were twelve clubs instead of the necessary 20. Surely there's a clause for that, too, since nobody could be sure that Bayern, PSG and Dortmund would join the party or that they'd find 5 temporary members.
Also, where would the money go to? If a club withdraws, the fine would probably have gone to the "ESL entity" and if the withdrawal lead to the cancellation of the league, this would've been distributed among the founding members, surely? So if everybody withdraws it might even out more or less.
Also, where would the money go to? If a club withdraws, the fine would probably have gone to the "ESL entity" and if the withdrawal lead to the cancellation of the league, this would've been distributed among the founding members, surely? So if everybody withdraws it might even out more or less.
Key here is Boris threatening with legislation. That could trigger force majeure clause in the contract. Every legal contract has that.
force majeure = unforeseeable circumstances that prevent someone from fulfilling a contract.
No way any English club will pay the penalty. And the same reason why other 4 are still in ESL because there is no such reason for them to withdraw.
force majeure = unforeseeable circumstances that prevent someone from fulfilling a contract.
No way any English club will pay the penalty. And the same reason why other 4 are still in ESL because there is no such reason for them to withdraw.
Good! feck you Joel!
The way i see it. No way teams would pay 150m to real.
But LOI and contracts have legal power. That's why they were made. Some clauses are ambiguous and might open for interpretation and loopholes. But if you think you can just walk away from LOI and Contracts i want your lawyer's number.
But LOI and contracts have legal power. That's why they were made. Some clauses are ambiguous and might open for interpretation and loopholes. But if you think you can just walk away from LOI and Contracts i want your lawyer's number.