BluessinceHydeRoad
Well-Known Member
- Joined
- 26 Mar 2012
- Messages
- 2,562
I think City are probably really feeling about 60%-65% confident of winning at CAS. No such process is guaranteed and even the best cases can lose. I'd say few cases have better than 70% certainty. The club are obviously not super confident because you can see how little we are doing in the transfer market - Chilwell is a perfect example. I think we will be very cautious until we have more certainty on the situation.
But likewise, I believe they are confident in the strength of their defence - the public statements are very bold and it seems inconceivable that Silverlake didn't get sight of a very strong legal opinion in advance of its investment. In fact its probable that CFG had to agree to a clause in the investment agreement that CFG had complied with laws, regulations etc. On the flipside, this probably also means that it is exposed to a sizeable claim (known as a warranty claim) from Silverlake in the event it is found to have breached by CAS.
I am sure that Silverlake were concerned to ensure that nothing in City's accounts masked any illegal activities, but we are before CAS on Monday for breaches of regulations, which may well be unenforceable and not for breaches of the law. City's fortunes on the pitch and our reputation in the world of football shouldn't impact on the success of an arena at the Etihad campus. I suspect also that Silverlake are more interested in the possibility of venues in Bombay, Melbourne and New York, among others than a possible "local difficulty" with UEFA. Haven't Silverlake expressed their (complete) confidence in City?