Thursday, 12 November 2015

City A.M. on the money

Another fine piece from City A.M. here revealing a direct link between Tony Jiminez, Kevin Cash and Charlton Athletic - maybe for the first time?

Anyway, the pair are being sued by an unhappy US businessman, Darius Khakshouri, who leant them £1.8m in the September of 2013 in order to keep the club trading. Khakshouri's claim is based on his assertion that the pair agreed to include him in a Greenwich Peninsula property deal associated with the club developing land (we know where and what for) and that this was to be a key term of any sale of the club, which clearly it wasn't. Just why Mr Khakshouri has waited two years to get this point is unclear but the legal process isn't exactly quick. The loan was repaid but Khakshouri had sold business interests in the US on the basis of the larger opportunity he is now claiming he was denied.

What I find fascinating about this is why Kevin Cash, and Jiminez for that matter, would need to finance the club at that stage with someone else's money given their own wealth - particularly Kevin Cash. That assumes, of course, that the new ground on the peninsula was always a pipe dream and that Khakshouri might not have actually been a valuable contributor had it gone ahead. The fact that no clause was agreed with Duchatelet and that there were, presumably, a lot of major obstacles yet to clear before any possible move could have become a reality, does suggest that the motive may simply have been to play with someone else's money. The trio had all worked together previously on Jiminenez' Les Bordes golf club development....

 

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