Insensitive yes, but Cardiff won't pay out until his death is confirmed so they can probably claim off his insurance. They're not going to release £15m without getting the confirmation of the bodies recovery from the plane - i don't think there is a dispute of the amount that's due.
Emiliano Sala: Rest In Peace
- Thread starter roonster09
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In the latest episode of the United Hour Podcast, Nik and Imran discuss a horrific month of December and a depressing FOUR defeats in a row - the latest coming against Wolves and Newcastle.
They discuss how much blame is on Ruben Amorim and rank our squad against other Premier League teams.
Do we have any chance of avoiding defeat at Anfield?
But for the seller of the player it doesn't matter if Cardiff get confirmation or not. The insurance is for the loss of asset, to be confirmed or not, not for the sale price the seller is waiting for. The seller has no business with the insurance of Cardiff employees.
What is there to be educated on ? Nantes sold Sala for £15mill, not £7,5. What happens to the player afterwards is from a sporting and financial perspective not interesting.
I don't think there is a dispute of Cardiff owing money to Nante - i've not seen that anywhere. They're just waiting for the confirmation of his body before then going ahead with payment, which is good business sense - why pay out cash flow until they've got the insurance to cover it.
Because that's in the sale contract, and Cardiff's insurance of their acquired asset is irrelevant to paying the amount due. Because Cardiff have the money and aren't missing it until summer anyway. Because Nantes, unlike them, may have budgeted that income. Because Nantes are mourning and don't wan't this shit on top of it. Etc.
Sky Sports News understands the club feels it necessary for the salvage operation in the Channel to be concluded and for both the Air Accidents Investigation Branch (AAIB) and the police to conclude their investigations before any payments are made.
Cardiff are happy to honour the contract agreed with Nantes but believe there are a series of questions that still need answering, most notably about the ownership of the Piper Malibu aircraft which crashed North of Guernsey on January 21. They are also keen to discover why, if as has been suggested, Sala's plane tried to take off on three separate occasions before beginning its final journey towards Cardiff.
I'd say that's a pretty decent indication of there being a dispute...
That was already posted earlier in this thread, and to repeat, how is this tragic accident and the confirmation or not of his demise and possible insurance of his current employer related to his former employer and the amount due for his completed transfer.
How do you know Cardiff have the money? It's about cash flow, and waiting a further 24-48hrs until they've got everything confirmed (which is in reality where the insensitivity is around) isn't going to make a huge bit of difference, which is where Cardiff are coming from. Despite this, most sale contracts and in reality every contract, will have some clause of force majeure which i imagine is what Cardiff will exercise here.
I'd say that's the only important line there, there is no dispute in the contract.
Because it was a freak accident, normally he would now be playing for Cardiff, because Cardiff bought him and would have payed the first installment. So they have the budget. If they wouldn't have it, it would be a disgrace and UEFA would have punished them.
You forgot the "but"
There's no obvious links between the questions they're asking and their agreement with Nantes.
You're most probably right, but if Cardiff didn't want to buy the player he would still be playing for Nantes and would never have been on the plane.
Bit like selling a PS4 on eBay and then the buyers kid breaks it after 2 days so they try getting a refund.
Sadly there's a few things in this story that don't sit right with me, the family having to raise money to get a search team etc, I thought Cardiff should have funded that as you'd want to find out what happened to your expensive new asset.
Let's face it. The financial damage is normally to be settled between two parties, Cardiff and their insurance company. And then there is Nantes, former employer but not yet paid for the transfer. So these two are investigating/trying to see if they can feck Nantes. Because money.
A body has been recovered apparently.
Sky confirm that the body that was seen in the wreckage has been successfully recovered.
I'd assume it's Sala given the part of the wreckage they've shown pictures of, but it hasn't been verified yet
https://news.sky.com/story/body-recovered-from-emiliano-sala-plane-wreckage-11630221
I'd assume it's Sala given the part of the wreckage they've shown pictures of, but it hasn't been verified yet
https://news.sky.com/story/body-recovered-from-emiliano-sala-plane-wreckage-11630221
At least 1 family is going to have some closure, hopefully they find the 2nd body
He certainly didn't.
Was very settled in France and only really wanted to play for a big premier league club but none were interested so he was "convinced" Cardiff could be a decent stepping stone.
Read a very interesting article here about it:
https://www.dailymail.co.uk/sport/s...ala-pawn-sordid-transfer-shames-football.html
Shows how awashed premier league is with money he went from earning 10k a week at Nantes who is top half club in France usually to 50k a week with nearly promoted premier league club.
Certainly not saying Sala moved for wrong reasons but that sort of dramatic pay rise obviously turns heads and probably explains why so many premier league signings just don't work out.
Other interesting thing was basically Cardiff didn't discover him through scouting but his name was basically given from Nantes to agent like Wille Mckay to hawk around and see who was interested.
So many transfers probably done this way so again explains why so many big signings look ill suited to the team style.
Still all academic compared to the tragic and unforseen events that have occcurred.
This video explains a lot about the transfer:
Great that at least 1 family gets closure.
Business side:
-It makes no legal sense for Cardiff to pay anything until bodies are identified
-Cardiff signed a 3 part payment so it makes no media sense why they are reportung that 15mil gets paid
- Cardiff will pay 15m eventually
Business side:
-It makes no legal sense for Cardiff to pay anything until bodies are identified
-Cardiff signed a 3 part payment so it makes no media sense why they are reportung that 15mil gets paid
- Cardiff will pay 15m eventually
Why ?
Insurance
Insurance is between Cardiff and their insurance company. They have a legally binding contract with Nantes that stipulates when parts of the fee are to be transferred. Unless there's information we're unaware of, there's no legal ground for Cardiff to withhold the fee they owe Nantes
I can't explain why I keep suspecting foul play here. Does anybody else here also have these deep seated suspicion that something was amiss here? The stories surrounding how he was being hawked is sad.
They haven't identified the body yet.
His ex-girlfriend was alluding to such in a series of posts on her twitter account. All speculation and conspiracy at this point though.
On a side note: How does Cardiff still not know whose plane it was? It was odd when they didn't know right away, but to still not know 2 weeks later seems very strange.
What does that have to do with them owing Nantes money for the transfer? The transfer was completed. They owe the money.. Whatever happens after the transfer is complete has nothing to do with Nantes.
If they aren't paying, they are dicks... and breaching whatever contract they signed.
I might have agreed if it was Nantes' responsibility to also deliver Sala to Cardiff.
The fair thing would have been for Cardiff to assist with the search and rescue, which I believe they didn't, the cnuts.
The insurance companies and their underwriters will be looking to find anybody to share the load with. Nantes are the innocent party in all of this, but the issue for Cardiff is that their insurer is probably reluctant to pay out until they are able to determine the liability on the side of the pilot and whether his insurer is responsible for the payout to Cardiff for the loss incurred. Now, this isnt so much an issue if Cardiff have the liquidity to pay Nantes and then draw off their insurer or whoever, but they simply might not be able too.
Let me ask you this. If you were insurer for Cardiff and an incident occurred that resulted in the loss of a considerable asset and your client was not entirely responsible for that loss, would you pay out 15 million?
At the end of the day, insurance companies make their money through clients who never make claims. 15 million crack is a hell of a lot of money to recoup and your underwriters are not going to be too please when you turn to them say, cough up.
Let me ask you this. If you were insurer for Cardiff and an incident occurred that resulted in the loss of a considerable asset and your client was not entirely responsible for that loss, would you pay out 15 million?
At the end of the day, insurance companies make their money through clients who never make claims. 15 million crack is a hell of a lot of money to recoup and your underwriters are not going to be too please when you turn to them say, cough up.
Eh? He wasn’t sure about the move hence why he took a week or so to decide before moving. He wanted to join Galatasery in the summer and play in the champions league. So it’s not far fetched to think the agents pushed him to join Cardiff considering they would have got a big cut. He wasn’t on crap wages at Nantes.
Issues with insurance are not Nantes problem. That problem lies with Cardiff and their insurer. I'd say Cardiff dont have the necessary capital to pay the initial investment or are unwilling to part with that money until they are fully aware that somebody will be picking up the bill.
Being a commercial arrangement, Nantes should have late fee penalties applying to to this.
Nantes sold a player to Cardiff. What happens after that point is irrelevant to Nantes, who are due the first payment installment. It makes no sense for Cardiff to withhold payment until any investigation is completed, because irrespective of the results of that investigation, Nantes will still be owed payment. Splitting the transfer fee is nonsensical on many levels. If Cardiff's insurance policy is in order (and it's their responsibility for it to be so) then they will receive an insurance payout that should cover some/all of their financial obligations for this transfer (depending on the insurance T&Cs, that could cover the transfer fee, Sala's wages, etc.).
The only dispute I can potentially see is between insurers. I assume the plane/pilot were insured, so depending on the terms of that insurance, Cardiff's insurance company may be able to go after the plane/pilot's insurance company if it can be proven that the plane had mechanical issues or the pilot acted recklessly in attempting to fly in the conditions, etc. (as would happen in a car accident involving two vehicles, for example).
The only dispute I can potentially see is between insurers. I assume the plane/pilot were insured, so depending on the terms of that insurance, Cardiff's insurance company may be able to go after the plane/pilot's insurance company if it can be proven that the plane had mechanical issues or the pilot acted recklessly in attempting to fly in the conditions, etc. (as would happen in a car accident involving two vehicles, for example).
Doesn't look likely if it wasn't in the plane. Think this search was funded by Sala's side so if the body recovered is Sala's I think that'll be that and the search will end. If it was Ibbotson's then there may be a search in the surrounding waters but realistically if the body wasn't secured, it'll be miles away by now and the odds of finding it would be like finding a needle hidden in 50 haystacks.
Guess it's him though. Sad
I don’t see it wrong for a club asking for the full payment. You bought the player so it’s their right to ask for the money. The thing that I see it wrong is someone who is leaking the information to outside.
Most big deals have 2-3 hangers on, it's very rare for one agent just to do everything.
I really don't see why they'd be any foul play as everyone got what they wanted, Nantes wanted to sell and got good transfer fee, agents/brokers all got their cuts etc.
Ultimately the aircraft was not fit for purpose for transporting a person of high value late at night over sea. Things went badly wrong and here we are I'm afraid.
Guess it's him though. Sad
Why? I’d think it’s more likely to be the pilot as the cockpit is more self-contained, but I guess we’ll know soon.
Is it not more likely the front of the plane was destroyed? I'm sure on that pic that was leaked it showed the middle of the plane intact.
The picture of the plane on the seabed showed that the tail was detached, but that the mid section was more or less in one piece, albeit obvious structural damages. Since we can't see the front of the plane it's difficult to say, but from what we can see in the picture i'd guess Sala is the one they've found.
Horacio Sala also made a comment that stuck with me, after they confirmed a body had been found, he said he hoped they can recover "him".
Anyone know why it's taking so long go identify who it is?