redm Posted October 19, 2008 Share Posted October 19, 2008 http://www.newsoftheworld.co.uk/scottish/scottish_news/article48416.ece HEARTS owner Vladimir Romanov is being sued by Russia's richest man ? over an alleged ?7million fraud. Tycoon Oleg Deripaska claims one of his firms was cheated out of the cash by Vlad and son Roman. The metals tycoon, who is worth ?17billion, has taken his case to a court in the USA. His lawyers claim Romanov, in his role as the owner of an aluminium ore plant in Bosnia, agreed three big-money deals with Rual, a subsidiary of Deripaska's massive Basic Elements empire. But the Lithuanian, 61, failed to deliver ? then declared the contracts belonged to a US-based company he had nothing to do with. Deripaska ? a close pal of Russian leader Vladimir Putin ? has been chasing his money for FOUR YEARS. News of the dispute comes only a month after Hearts players went unpaid for a week after what the club said was an administrative problem. Last night a football insider said SPL chiefs will monitor the situation. He added: "To hear that Romanov is being sued by such a powerful man is alarming. We are concerned what impact this will have on Hearts." Deripaska, 40, sued the Romanovs in Milwaukee, Wisconsin. Court papers seen by the News Of The World give details of the alleged fraud. Rual claim that after talks with Vlad in Lithuania they agreed to buy ore from his Bosnian refinery, pay for repairs at it and also provide a loan. In each case, the Hearts chief then insisted that Rual sign the deals with Viva Trade, a Wisconsin-based firm. It is alleged that his son Roman, 32, signed on behalf of Viva Trade. But Deripaska's firm say the ore wasn't delivered, repairs were not carried out and the loan wasn't repaid. Yet when they asked Romanov to pay up, he told them they'd have to sue Viva Trade, which was owned by a Lithuanian called Eduard Mitelman. No one has been able to trace him. In their US court action, Rual said Viva was bought by a director of Romanov's Ukio Bankas and Vlad had effectively owned and controlled it. They sued the Romanovs for breach of contract and "unjust enrichment" to the tune of around ?7million. In August, both groups were urged to settle the cross-borders dispute out of court. But this week it emerged that NO settlement has been reached. Deripaska emerged as Russia's top aluminium tycoon in the 1990s after a brutal trade "war" in which dozens of executives were assassinated. He was last week linked to new UK Business Secretary Peter Mandelson. Last night a spokesman for Deripaska's firm said: "We don't want to talk about this commercial dispute." Romanov's spokesman was not available for comment. Link to comment Share on other sites More sharing options...
John S Posted October 19, 2008 Share Posted October 19, 2008 go to bed! Link to comment Share on other sites More sharing options...
redm Posted October 19, 2008 Author Share Posted October 19, 2008 go to bed! And miss the joys that early edition Sunday papers bring? Link to comment Share on other sites More sharing options...
Martin67 Posted October 19, 2008 Share Posted October 19, 2008 I know it's the NOTW, but this could be serious. http://www.newsoftheworld.co.uk/scottish/scottish_news/article48416.ece Link to comment Share on other sites More sharing options...
chimpto Posted October 19, 2008 Share Posted October 19, 2008 WAR! Link to comment Share on other sites More sharing options...
EC_Hearts Posted October 19, 2008 Share Posted October 19, 2008 Aye good, Now lets get right in to these hibs b****** Link to comment Share on other sites More sharing options...
adeb74 Posted October 19, 2008 Share Posted October 19, 2008 Who gives 10 pales of pesh what any paper has to right about the owner / president / eh Vlad!!!!!!! The fact is that we have the most important game of the season ahead of us today and yet again certain regements of the press are doing their most to try and unsettle the hearts fans. WHO GIVES A FEK WAT THE NOTW HAS TO SAY ABOUT A SUBJECT THAT HAS FEK ALL TO DO WITH HMFC. VLAD IS VLAD HIS PERSONAL ISSUES AREE FEK ALL TO DO WITH US. We focus on today at being the bad guy They are a bunch of fekin a-holes you know why they dont have the guts to be wat u want to be you need people like us so u can point your fingers and say theres the bad guys so wat does that make you..... Good???? your not good.... you just know how to hide or lie.... me, i dont have that party.... Me i always tell the truth even when i lie... SO SAY GOODNIGHT TO THE BAD GUY!!!!! Stuff the Hibs, Stuff Mixu, Feed Riorden to the sheep garazing near Gilmerton, Tonight i dine on stella and wake up with a sare heed. I watch the game on the tv whilst wearing the away strip my wife bought me for our first anniversay, Yes thats the best wife ever and the best present ever, Tonight im ****ed and as always a jambo, Tomorrow i wake up a jambo and envy each and everyone of u going to the game . i venture upto Aberdeen the morrow driving the Retimed 1950 train. enjoy and take on the words i stole from scar face! Link to comment Share on other sites More sharing options...
CJGJ Posted October 19, 2008 Share Posted October 19, 2008 Newspaper prints story on eve of derby day -- shock !! From the story it could have been written months ago as dispute has been going on for at least that amount of time but of course it comes out now -- wonder why If the guy mentioned is that rich maybe Vlad will sell to him -- he only has a few billion in the bank Now that would be ironic for the press if it happened. Link to comment Share on other sites More sharing options...
cosanostra Posted October 19, 2008 Share Posted October 19, 2008 so this was obviously the big news we've been hearing about. Par for the course i'd say. Our owner is a ****er in every walk of life. Just unfortunate for us that he owns our football club. Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted October 19, 2008 Share Posted October 19, 2008 My issue with this story is that it suggests that Gareth is able to write! Link to comment Share on other sites More sharing options...
JP1874 Posted October 19, 2008 Share Posted October 19, 2008 Zzzzzzzz another NOTW exclusive!! the romaovs are getting sued. here's a copy of the story so you don't have to give them a hit on the site. FTH HEARTS owner Vladimir Romanov is being sued by Russia?s richest man ? over an alleged ?7million fraud. Tycoon Oleg Deripaska claims one of his firms was cheated out of the cash by Vlad and son Roman. The metals tycoon, who is worth ?17billion, has taken his case to a court in the USA. His lawyers claim Romanov, in his role as the owner of an aluminium ore plant in Bosnia, agreed three big-money deals with Rual, a subsidiary of Deripaska?s massive Basic Elements empire. But the Lithuanian, 61, failed to deliver ? then declared the contracts belonged to a US-based company he had nothing to do with. Deripaska ? a close pal of Russian leader Vladimir Putin ? has been chasing his money for FOUR YEARS. News of the dispute comes only a month after Hearts players went unpaid for a week after what the club said was an administrative problem. Last night a football insider said SPL chiefs will monitor the situation. He added: ?To hear that Romanov is being sued by such a powerful man is alarming. We are concerned what impact this will have on Hearts.? Deripaska, 40, sued the Romanovs in Milwaukee, Wisconsin. Court papers seen by the News Of The World give details of the alleged fraud. Rual claim that after talks with Vlad in Lithuania they agreed to buy ore from his Bosnian refinery, pay for repairs at it and also provide a loan. In each case, the Hearts chief then insisted that Rual sign the deals with Viva Trade, a Wisconsin-based firm. It is alleged that his son Roman, 32, signed on behalf of Viva Trade. But Deripaska?s firm say the ore wasn?t delivered, repairs were not carried out and the loan wasn?t repaid. Yet when they asked Romanov to pay up, he told them they?d have to sue Viva Trade, which was owned by a Lithuanian called Eduard Mitelman. No one has been able to trace him. In their US court action, Rual said Viva was bought by a director of Romanov?s Ukio Bankas and Vlad had effectively owned and controlled it. They sued the Romanovs for breach of contract and ?unjust enrichment? to the tune of around ?7million. In August, both groups were urged to settle the cross-borders dispute out of court. But this week it emerged that NO settlement has been reached. Deripaska emerged as Russia?s top aluminium tycoon in the 1990s after a brutal trade ?war? in which dozens of executives were assassinated. He was last week linked to new UK Business Secretary Peter Mandelson. Last night a spokesman for Deripaska?s firm said: ?We don?t want to talk about this commercial dispute.? Romanov?s spokesman was not available for comment. Link to comment Share on other sites More sharing options...
bighusref Posted October 19, 2008 Share Posted October 19, 2008 The SPL will monitor the situation? WTF? Link to comment Share on other sites More sharing options...
JP1874 Posted October 19, 2008 Share Posted October 19, 2008 The SPL will monitor the situation? WTF? Yea said a "sports insider", Another accurate quote from someone that probably has eff all to do with the SPL! Quality journalism! Only 1 word to say to that - source?? Link to comment Share on other sites More sharing options...
Mr Quagmire Posted October 19, 2008 Share Posted October 19, 2008 Who gives 10 pales of pesh what any paper has to right about the owner / president / eh Vlad!!!!!!! The fact is that we have the most important game of the season ahead of us today and yet again certain regements of the press are doing their most to try and unsettle the hearts fans. WHO GIVES A FEK WAT THE NOTW HAS TO SAY ABOUT A SUBJECT THAT HAS FEK ALL TO DO WITH HMFC. VLAD IS VLAD HIS PERSONAL ISSUES AREE FEK ALL TO DO WITH US. We focus on today at being the bad guy They are a bunch of fekin a-holes you know why they dont have the guts to be wat u want to be you need people like us so u can point your fingers and say theres the bad guys so wat does that make you..... Good???? your not good.... you just know how to hide or lie.... me, i dont have that party.... Me i always tell the truth even when i lie... SO SAY GOODNIGHT TO THE BAD GUY!!!!! Stuff the Hibs, Stuff Mixu, Feed Riorden to the sheep garazing near Gilmerton, Tonight i dine on stella and wake up with a sare heed. I watch the game on the tv whilst wearing the away strip my wife bought me for our first anniversay, Yes thats the best wife ever and the best present ever, Tonight im ****ed and as always a jambo, Tomorrow i wake up a jambo and envy each and everyone of u going to the game . i venture upto Aberdeen the morrow driving the Retimed 1950 train. enjoy and take on the words i stole from scar face! I hope your sober for that then. Link to comment Share on other sites More sharing options...
bighusref Posted October 19, 2008 Share Posted October 19, 2008 Yea said a "sports insider", Another accurate quote from someone that probably has eff all to do with the SPL! Quality journalism! Only 1 word to say to that - source?? It is a really bizarre thing to say. VR has many business interests, somebody claims that he has dyked them, and (by not paying) VR disagrees. Because of that the SPL will monitor it? Do we think that any possible issue with a business that Desmond or Murray is involved in is scrutinised by the SPL? Not a chance. This is nothing to do with Hearts and in turn nothing to do with the SPL. Link to comment Share on other sites More sharing options...
Independence Posted October 19, 2008 Share Posted October 19, 2008 It's in the NOTW it must be true and an accurate record of all the facts! Link to comment Share on other sites More sharing options...
Guest GhostHunter Posted October 19, 2008 Share Posted October 19, 2008 Hmm Filed in Nov 2007 http://dockets.justia.com/docket/court-wiedce/case_no-2:2007cv01015/case_id-45161/ Curious it "appears" today..... Link to comment Share on other sites More sharing options...
Guest GhostHunter Posted October 19, 2008 Share Posted October 19, 2008 And, Sec 9(1) of the Arbitration Act... Section 9. Award of arbitrators; confirmation; jurisdiction; procedure If the parties in their agreement have agreed that a judgment of the court shall be entered upon the award made pursuant to the arbitration, and shall specify the court, then at any time within one year after the award is made any party to the arbitration may apply to the court so specified for an order confirming the award, and thereupon the court must grant such an order unless the award is vacated, modified, or corrected as prescribed in sections 10 and 11 of this title. If no court is specified in the agreement of the parties, then such application may be made to the United States court in and for the district within which such award was made. Notice of the application shall be served upon the adverse party, and thereupon the court shall have jurisdiction of such party as though he had appeared generally in the proceeding. If the adverse party is a resident of the district within which the award was made, such service shall be made upon the adverse party or his attorney as prescribed by law for service of notice of motion in an action in the same court. If the adverse party shall be a nonresident, then the notice of the application shall be served by the marshal of any district within which the adverse party may be found in like manner as other process of the court. Link to comment Share on other sites More sharing options...
loveofthegame Posted October 19, 2008 Share Posted October 19, 2008 Hmm Filed in Nov 2007 http://dockets.justia.com/docket/court-wiedce/case_no-2:2007cv01015/case_id-45161/ Curious it "appears" today..... Good work Dex. As you say, interesting it appears today... FTWM and FTH Link to comment Share on other sites More sharing options...
portobellojambo1 Posted October 19, 2008 Share Posted October 19, 2008 Hmm Filed in Nov 2007 http://dockets.justia.com/docket/court-wiedce/case_no-2:2007cv01015/case_id-45161/ Curious it "appears" today..... Bit in here as well Dex. - http://www.icmadr.com/international-arbitration/forum-non-conveniens-wisconsin-court-addresses-series-of-procedural-issues-related-to-litigation-among-international-parties/ Link to comment Share on other sites More sharing options...
Charlie-Brown Posted October 19, 2008 Share Posted October 19, 2008 It is a really bizarre thing to say. VR has many business interests, somebody claims that he has dyked them, and (by not paying) VR disagrees. Because of that the SPL will monitor it? Do we think that any possible issue with a business that Desmond or Murray is involved in is scrutinised by the SPL? Not a chance. This is nothing to do with Hearts and in turn nothing to do with the SPL. It is probably just sloppy (or possibly malicious) journalism BH, Lex Gold or whichever SPL insider probably said something general along the lines of we will monitor the situation of one of our clubs (as they are obliged to do for all their member clubs) ... I doubt it was specific to this 'news' article but more generally concerning persistent rumors of financial difficulties at Hearts ... but this journo has included it in this article for dramatic effect and used the words out of context .... we see examples of this crap every day, B.Anderson big saturday exclusive being another instance. Link to comment Share on other sites More sharing options...
Le Chat Posted October 19, 2008 Share Posted October 19, 2008 A load of toleys printed pure and simply to try and disrupt our preparations for today's game. Lets's face it, businesses are always suing eachother - nobody cares. If they had any brains they'd have ran with the Den Mothers story. Now THAT would have got a reaction. Fuds. Link to comment Share on other sites More sharing options...
CalMac Posted October 19, 2008 Share Posted October 19, 2008 The SPL will monitor the situation? WTF? That just means they'll buy a copy of the NOTW & have a read. Link to comment Share on other sites More sharing options...
drewbusbomb Posted October 19, 2008 Share Posted October 19, 2008 That's it then.......from henceforth Vladimir, Roman and UBIG shall collectively be referred to as the “Lithuanian defendants” :eek: (seems a lot cooler than the 'Usual Suspects' ??) Link to comment Share on other sites More sharing options...
alasdairborthwick Posted October 19, 2008 Share Posted October 19, 2008 They couldn't even get their facts right in the Headline I notice the headline says Vlad is being sued for ?7,000,000 but it the case in in america and is actually for $7,000,000. By my reckoning that is only ?3,500,000. But then that would sound quite as interesting would it. Link to comment Share on other sites More sharing options...
Knicksen Posted October 19, 2008 Share Posted October 19, 2008 I don't post much, but Eduard Mittelman? They must have a random-exclusive story generating program where they stick in some half-truth and it does the work for them... Knicksen Link to comment Share on other sites More sharing options...
CalMac Posted October 19, 2008 Share Posted October 19, 2008 Surely, rather than *****ing around with lawsuits etc, the richest man in Russia could have hired someone to go buy Vlad a drink in a wine bar somewhere. Link to comment Share on other sites More sharing options...
Coco Posted October 19, 2008 Share Posted October 19, 2008 Have nothing to say on the case mentioned, but in times when the economic party stops many things get revealed. Easy money and liquidity can hide many problems until that easy money disappears. When the tide goes out, you see who's been swimming naked. Has VR been swimming naked? Link to comment Share on other sites More sharing options...
Jambof3tornado Posted October 19, 2008 Share Posted October 19, 2008 I am surprised the headline wasnt "HEARTS OWNER IN PUPPY EATING HORROR!!" Honestly,it amazes me that some jambos still get bothered about what the rags print prior to any of our big games,its been going on for years,and more often that not is totally laughable!! FTH:107years: Link to comment Share on other sites More sharing options...
Le Chat Posted October 19, 2008 Share Posted October 19, 2008 Surely, rather than *****ing around with lawsuits etc, the richest man in Russia could have hired someone to go buy Vlad a drink in a wine bar somewhere. Polonium in your tea Mr Romanov ? Link to comment Share on other sites More sharing options...
Rods Posted October 19, 2008 Share Posted October 19, 2008 We might get lucky and Oleg Deripaska will ask for us as compo lol. Link to comment Share on other sites More sharing options...
Towzer Posted October 19, 2008 Share Posted October 19, 2008 We might get lucky and Oleg Deripaska will ask for us as compo lol. im thinking the very same thing Link to comment Share on other sites More sharing options...
Sherlock Posted October 19, 2008 Share Posted October 19, 2008 Peter Mandelson has just had a grilling about his links with Vlad's nemesis, Oleg Deripaska on The Andrew Marr Show. No mention of Vlad though. Link to comment Share on other sites More sharing options...
jumpship Posted October 19, 2008 Share Posted October 19, 2008 News of the World HEARTS owner Vladimir Romanov is being sued by Russia?s richest man ? over an alleged ?7million fraud. Tycoon Oleg Deripaska claims one of his firms was cheated out of the cash by Vlad and son Roman. The metals tycoon, who is worth ?17billion, has taken his case to a court in the USA. His lawyers claim Romanov, in his role as the owner of an aluminium ore plant in Bosnia, agreed three big-money deals with Rual, a subsidiary of Deripaska?s massive Basic Elements empire. But the Lithuanian, 61, failed to deliver ? then declared the contracts belonged to a US-based company he had nothing to do with. Deripaska ? a close pal of Russian leader Vladimir Putin ? has been chasing his money for FOUR YEARS. News of the dispute comes only a month after Hearts players went unpaid for a week after what the club said was an administrative problem. Last night a football insider said SPL chiefs will monitor the situation. He added: ?To hear that Romanov is being sued by such a powerful man is alarming. We are concerned what impact this will have on Hearts.? Deripaska, 40, sued the Romanovs in Milwaukee, Wisconsin. Court papers seen by the News Of The World give details of the alleged fraud. Rual claim that after talks with Vlad in Lithuania they agreed to buy ore from his Bosnian refinery, pay for repairs at it and also provide a loan. In each case, the Hearts chief then insisted that Rual sign the deals with Viva Trade, a Wisconsin-based firm. It is alleged that his son Roman, 32, signed on behalf of Viva Trade. But Deripaska?s firm say the ore wasn?t delivered, repairs were not carried out and the loan wasn?t repaid. Yet when they asked Romanov to pay up, he told them they?d have to sue Viva Trade, which was owned by a Lithuanian called Eduard Mitelman. No one has been able to trace him. In their US court action, Rual said Viva was bought by a director of Romanov?s Ukio Bankas and Vlad had effectively owned and controlled it. They sued the Romanovs for breach of contract and ?unjust enrichment? to the tune of around ?7million. In August, both groups were urged to settle the cross-borders dispute out of court. But this week it emerged that NO settlement has been reached. Deripaska emerged as Russia?s top aluminium tycoon in the 1990s after a brutal trade ?war? in which dozens of executives were assassinated. He was last week linked to new UK Business Secretary Peter Mandelson. Last night a spokesman for Deripaska?s firm said: ?We don?t want to talk about this commercial dispute.? Romanov?s spokesman was not available for comment. Link to comment Share on other sites More sharing options...
BigC Posted October 19, 2008 Share Posted October 19, 2008 "Eduard Mitelman" Link to comment Share on other sites More sharing options...
Samster Posted October 19, 2008 Share Posted October 19, 2008 Hmm Filed in Nov 2007 http://dockets.justia.com/docket/court-wiedce/case_no-2:2007cv01015/case_id-45161/ Curious it "appears" today..... And what about this one: U.S., U.K. Probes of Industrialist Focus on Transfer of Funds; He Also Has Business Setback, Ceding Stake in German Firmby Glenn R. Simpson and Susan Schmidt Wall Street Journal, October 9, 2008 Russian billionaire Oleg Deripaska, whose business is facing a squeeze amid the credit crisis, also is under investigation by U.S. and U.K. authorities in connection with a $57.5 million wire transfer last year, according to people familiar with the matter. Separately, in a second recent blow to his industrial empire, Mr. Deripaska is ceding a stake in a German construction company, Hochtief. Just a week ago, his holding company, Basic Element, gave up a 20% stake in Canadian auto-parts maker Magna International Inc. In a third development, the Bush administration is putting Russian economic interests under greater scrutiny, partly in response to Russia's August invasion of Georgia. Among other things, the U.S. is stepping up its reviews of Russian investments and of visa applications by Russian businessmen suspected of criminal ties. http://virtualcollector.blogspot.com/2008/10/russias-deripaska-faces-western.html Link to comment Share on other sites More sharing options...
Elmo Posted October 19, 2008 Share Posted October 19, 2008 I find it funny how this issue which is completely unconnected to Hmfc and is a commercial dispute between massive financial companies which have no bearing on your average notw reader gets so much attention. A few months ago John Boyle's company goes bust leaving thousands of His customers up sheeeite creek and hundreds unemployed and not once did most of the articles mention Motherwell football club or even the fact that he had done this before also leaving Hundreds of creditors up sheeite creek. They just love it when it's a chance to have a dig at Hearts Link to comment Share on other sites More sharing options...
Nucky Thompson Posted October 19, 2008 Share Posted October 19, 2008 Posted over 8 hours ago:rolleyes: http://www.hmfckickback.co.uk/showthread.php?t=32186 Link to comment Share on other sites More sharing options...
Cow Posted October 19, 2008 Share Posted October 19, 2008 old hat Link to comment Share on other sites More sharing options...
Jamboy81 Posted October 19, 2008 Share Posted October 19, 2008 It's just a minor technical glitch. Everything's fine! Romanov's set up a meeting in Tesco's car park for midnight tonight where all debt will be repaid in used bank notes and a stash of second hand TV's! Link to comment Share on other sites More sharing options...
Le Chat Posted October 19, 2008 Share Posted October 19, 2008 It's just a minor technical glitch. Everything's fine! Romanov's set up a meeting in Tesco's car park for midnight tonight where all debt will be repaid in used bank notes and a stash of second hand TV's! Wow, you get funnier by the day. That's truly hillarious Link to comment Share on other sites More sharing options...
Mr Romanov Saviour of HMFC Posted October 19, 2008 Share Posted October 19, 2008 Wow, you get funnier by the day. That's truly hillarious It's about the 10th time he has used the picture. One things for sure, if we win you will NOT see HoG for weeks. FACT. Link to comment Share on other sites More sharing options...
Victorian Posted October 19, 2008 Share Posted October 19, 2008 dog's pesh. that is all. Link to comment Share on other sites More sharing options...
Nucky Thompson Posted October 19, 2008 Share Posted October 19, 2008 Wow, you get funnier by the day. That's truly hillarious It was maybe funny the first 5 times he posted the picture:rolleyes: He's making sure nobody misses his 'joke':hobofish: Link to comment Share on other sites More sharing options...
Jamboy81 Posted October 19, 2008 Share Posted October 19, 2008 Wow, you get funnier by the day. That's truly hillarious Oh thanks. I drawd it myself. Oh wait, the internationally feared 'roll eye' smilie ... Your having me on, aren't you? Link to comment Share on other sites More sharing options...
David Brent Posted October 19, 2008 Share Posted October 19, 2008 http://www.timesonline.co.uk/tol/news/politics/article4926572.ece Deripaska, 40, studied quantum physics at university. He was the manager of a Siberian aluminium plant at only 25 and rose into the ranks of the super-rich from this highly lucrative post-Soviet industry. During the dangerous 1990s, there was gang warfare for control of aluminium smelters in Siberia, and one of Deripaska?s associates was badly injured. A ruthless business ethic combined with a knack for cultivating political contacts ? he married into the family of Boris Yeltsin, the former Russian president ? saw him emerge victorious from the aluminium wars. Roman Abramovich, the owner of Chelsea football club, was one of his partners and is still a friend. But his most powerful ally is the prime minister, Vladimir Putin, although this relationship is likely to be tested if Rusal, as has been reported, requires state funds to get it through the credit crisis. The tycoon has been badly hit by the credit crunch, liquidating assets for cash. Deripaska has worked vigorously to protect his reputation, robustly denying reports in the American press of suspicions of illegal activities in his early business career. His entry visa to America was revoked last year for unspecified reasons. He has blamed the decision on bureaucracy. Link to comment Share on other sites More sharing options...
Gibbo Posted October 19, 2008 Share Posted October 19, 2008 Dermot Desmond was involved in a court case in 2004. As far as I can remember it was reported only on the business pages. Certainly my web search produced several newspaper stories but all were from London or Dublin papers, with none from Scottish papers and none from tabloids. There was no suggestion that the SPL were monitoring the situation. Dermot Desmond, the Irish billionaire who owns stakes in Manchester United and Celtic football clubs, has dramatically settled a multi-million pound legal dispute with David Morrison, his former employee and star hedge fund manager, on the steps of the courtroom. Dermot Desmond, the Irish billionaire who owns stakes in Manchester United and Celtic football clubs, has dramatically settled a multi-million pound legal dispute with David Morrison, his former employee and star hedge fund manager, on the steps of the courtroom. The pair were set to clash at the High Court in London as soon as next week, bringing to a climax one of the most bizarre and colourful soap operas the hedge fund industry has ever witnessed, matching up two of the UK's biggest and best-known investors. The terms of the settlement are not known, and neither side would comment, other than to confirm that, alas, the circus the City had been waiting for would not be taking place. Full story from the Independent Link to comment Share on other sites More sharing options...
Martin67 Posted October 19, 2008 Share Posted October 19, 2008 Dermot Desmond was involved in a court case in 2004. As far as I can remember it was reported only on the business pages. Certainly my web search produced several newspaper stories but all were from London or Dublin papers, with none from Scottish papers and none from tabloids. There was no suggestion that the SPL were monitoring the situation. Dermot Desmond, the Irish billionaire who owns stakes in Manchester United and Celtic football clubs, has dramatically settled a multi-million pound legal dispute with David Morrison, his former employee and star hedge fund manager, on the steps of the courtroom. Dermot Desmond, the Irish billionaire who owns stakes in Manchester United and Celtic football clubs, has dramatically settled a multi-million pound legal dispute with David Morrison, his former employee and star hedge fund manager, on the steps of the courtroom. The pair were set to clash at the High Court in London as soon as next week, bringing to a climax one of the most bizarre and colourful soap operas the hedge fund industry has ever witnessed, matching up two of the UK's biggest and best-known investors. The terms of the settlement are not known, and neither side would comment, other than to confirm that, alas, the circus the City had been waiting for would not be taking place. Full story from the Independent The difference is that you've found a four-year-old story involving a shareholder in one of the 11 other clubs, whereas with us it's 11 different stories about the way our owner does business. I really have no idea what the future holds for us. Link to comment Share on other sites More sharing options...
Chad Sexington Posted October 19, 2008 Share Posted October 19, 2008 It's just a minor technical glitch. Everything's fine! Romanov's set up a meeting in Tesco's car park for midnight tonight where all debt will be repaid in used bank notes and a stash of second hand TV's! I haven't laughed so much since I saw your MySpace profile. Link to comment Share on other sites More sharing options...
Mr Romanov Saviour of HMFC Posted October 19, 2008 Share Posted October 19, 2008 I haven't laughed so much since I saw your MySpace profile. Link?! Does he look anything like this - Link to comment Share on other sites More sharing options...
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