2018 Helicopter Tragedy - Investigation Outcome/Verdict Released

[Jazzy_Jeff]

This is interesting timing.

 

i would guess that the claim being made would factor in future losses therefore meaning we as a business could be paid the settlement incrementally. I was also imagine that the helicopter was owned by King Power and therefore could be classed as an LCFC loss if used within football business.

 

If we successfully sued the manufacturer and the settlement was paid annually to us (via King Power) this would go on our balance sheet affecting PSR.

 

Could the EPL and EFL have got wind of this and are trying to hit us hard ahead of the conclusion of the case? 

[les-tah]

1 minute ago, Jazzy_Jeff said:

This is interesting timing.

 

i would guess that the claim being made would factor in future losses therefore meaning we as a business could be paid the settlement incrementally. I was also imagine that the helicopter was owned by King Power and therefore could be classed as an LCFC loss if used within football business.

 

If we successfully sued the manufacturer and the settlement was paid annually to us (via King Power) this would go on our balance sheet affecting PSR.

 

Could the EPL and EFL have got wind of this and are trying to hit us hard ahead of the conclusion of the case? 

Yes i wondered this aswell and dont want it to seem insensitive but maybe it might have huge positive impact on our current issues if the owners are successful. Likely end up in an out of court settlement aswell.

[StanSP]

1 minute ago, les-tah said:

Yes i wondered this aswell and dont want it to seem insensitive but maybe it might have huge positive impact on our current issues if the owners are successful. Likely end up in an out of court settlement aswell.

How long is that likely to take though? 

[brookfox]

3 minutes ago, Jazzy_Jeff said:

This is interesting timing.

 

i would guess that the claim being made would factor in future losses therefore meaning we as a business could be paid the settlement incrementally. I was also imagine that the helicopter was owned by King Power and therefore could be classed as an LCFC loss if used within football business.

 

If we successfully sued the manufacturer and the settlement was paid annually to us (via King Power) this would go on our balance sheet affecting PSR.

 

Could the EPL and EFL have got wind of this and are trying to hit us hard ahead of the conclusion of the case? 

I really hope not tbh. If anyone at the club had even considered using a tragedy like this as a way to offset PSR then we're in an even worse place than we think we are.

[les-tah]

9 minutes ago, brookfox said:

I really hope not tbh. If anyone at the club had even considered using a tragedy like this as a way to offset PSR then we're in an even worse place than we think we are.

 agree yes but they was always likely to go after the helicopter manufacturer.

[st albans fox]

this Is a claim by the family against the helicopter manufacturer (not by king power) 

How is it linked to Leicester city football club as a business? Also,  King power is not Lcfc.

 

its nothing to do with club.  
If the club had taken out a keyman life insurance policy against vichai then they would be able to claim on that and that would be money that would stay inside the club.  but that would have been paid out many years ago. (And there’s no indication that such a policy existed - plus flying in helicopters is often not permitted in such a policy) 

Edited 10 January by st albans fox

[Bert]

5 minutes ago, st albans fox said:

this Is a claim by the family against the helicopter manufacturer (not by king power) 

How is it linked to Leicester city football club as a business? Also,  King power is not Lcfc.

 

its nothing to do with club.  
If the club had taken out a keyman life insurance policy against vichai then they would be able to claim on that and that would be money that would stay inside the club.  but that would have been paid out many years ago. (And there’s no indication that such a policy existed - plus flying in helicopters is often not permitted in such a policy) 

You are right. Although, should they be successful it can’t be a bad thing for the club. 

[st albans fox]

11 minutes ago, Bert said:

You are right. Although, should they be successful it can’t be a bad thing for the club. 

As Stan said, unless they settle quickly out of court for a much lower amount (very possible imo),  this will take quite some time.  The owners can only invest so much into the club each season so I can’t see them having another billion quid in the bank making any real difference to us.  (Unless it encourages them to sell and take a smaller valuation) 

Edited 10 January by st albans fox

[Oldblueyes]

Sorry to offend some people but I always thought it was a little ostentatious in flying into and out of a stadium with all the safety concerns of building proximity. I understand the failure of a mechanical part is the reason in this matter, but I remember when helicopters landed/took off in Mandela Park on special occasions,  there use to be a Fire Appliance in attendance in case of difficulties. This may or probably not have made a difference to any life loss in our case.

 

Just a thought.

 

[Big Dave]

32 minutes ago, Oldblueyes said:

Sorry to offend some people but I always thought it was a little ostentatious in flying into and out of a stadium with all the safety concerns of building proximity. I understand the failure of a mechanical part is the reason in this matter, but I remember when helicopters landed/took off in Mandela Park on special occasions,  there use to be a Fire Appliance in attendance in case of difficulties. This may or probably not have made a difference to any life loss in our case.

 

Just a thought.

 

We always used to have the RAF helicopter landing to deliver the match ball for the Remembrance Day fixture.....

[Big Dave]

1 hour ago, Bert said:

You are right. Although, should they be successful it can’t be a bad thing for the club. 

In what way?  As this is not the club taking the action, not sure what positive outcome would come the clubs way?  The ownership already have plenty of cash if they wanted to invest more (in line with PSR).

[Robo61]

36 minutes ago, Big Dave said:

We always used to have the RAF helicopter landing to deliver the match ball for the Remembrance Day fixture.....

Never did understand how that passed the risk assessment given the close proximity of 30k football fans.

[justfoxes]

3 hours ago, Jazzy_Jeff said:

This is interesting timing.

 

i would guess that the claim being made would factor in future losses therefore meaning we as a business could be paid the settlement incrementally. I was also imagine that the helicopter was owned by King Power and therefore could be classed as an LCFC loss if used within football business.

 

If we successfully sued the manufacturer and the settlement was paid annually to us (via King Power) this would go on our balance sheet affecting PSR.

 

Could the EPL and EFL have got wind of this and are trying to hit us hard ahead of the conclusion of the case? 

Knowing that bunch of ass Kissing bunch of parasites at the Premier League this is probably the reason why they are going for our jugular, bet Man City are a bit glad we’ve taken the pressure off their 115 charges that are not being as chased up as fervently as our few £m over PSR!

EPL Bunch of Biased, TWISTED, Greedy, Incompetent, Top 6 Loving Cockwomble Fuchwit Bullyboy to the smaller club W⚓️s 

[Free Falling Foxes]

18 minutes ago, justfoxes said:

Knowing that bunch of ass Kissing bunch of parasites at the Premier League this is probably the reason why they are going for our jugular, bet Man City are a bit glad we’ve taken the pressure off their 115 charges that are not being as chased up as fervently as our few £m over PSR!

EPL Bunch of Biased, TWISTED, Greedy, Incompetent, Top 6 Loving Cockwomble Fuchwit Bullyboy to the smaller club W⚓️s 

William Shakespeare could not have put it better.

[filthyfox]

2.35 BILLION....   that's about half his networth at the time of the crash.

[Les-TA-Jon]

2 hours ago, Robo61 said:

Never did understand how that passed the risk assessment given the close proximity of 30k football fans.

At least one year it hovered and spun on the spot so the guy could wave to the whole stadium. Crazy really. 

[Zear0]

Understand why they'd do this, but not sure they'll have much success.  The design of the helicopter would have been signed off by the CAA and therefore any claim against the manufacturer isn't likely to wash in court.  I might understand if the cause of failure was from incorrect/inadequate maintenance but it wasn't.  It's grim to think in such terms, but nothing is perfect and accidents do happen with tragic consequences even when nobody is negligent in the cause.

[Ian Nacho]

Can't see this getting very far. You would've thought the manufacturer would've planned for an event like this even without the regulator.

[Jon the Hat]

3 hours ago, Ian Nacho said:

Can't see this getting very far. You would've thought the manufacturer would've planned for an event like this even without the regulator.

If you use a machine exactly in line with the manufacturer's maintenance schedule (which has already been proven in the investigation), and a part which was not yet due for inspection let alone replacement fails resulting in a fatal accident, then I think they have a case.  The value of potential compensation is a separate legal point, i.e. does it have anything to do with the manufacturer how rich you are and should that impact the compensation level.

[Chrysalis]

20 hours ago, st albans fox said:

this Is a claim by the family against the helicopter manufacturer (not by king power) 

How is it linked to Leicester city football club as a business? Also,  King power is not Lcfc.

 

its nothing to do with club.  
If the club had taken out a keyman life insurance policy against vichai then they would be able to claim on that and that would be money that would stay inside the club.  but that would have been paid out many years ago. (And there’s no indication that such a policy existed - plus flying in helicopters is often not permitted in such a policy) 

I think its nothing to do with the club as well, and this 2.15b suggests KP continue to struggle, and the family are perhaps not as comfortable as some think they are.  I also cant see this succeeding, any hint of success and the company goes under to avoid liability.

[st albans fox]

very unlikely be the company that pays the majority of any claim.  It will have insurance.  However, it’s never going to be a payout on that scale.  I imagine that the family are hoping that a settlement can be agreed out of court for a few hundred million.  The insurance companies may decide to go to court.  There was a lot of chatter down here in gambling circles that vichai had made quite a few enemies - amongst them some seriously unpleasant people.  If this does go to court then there may be things that come to light which may upset. 

[notnow john]

17 minutes ago, st albans fox said:

very unlikely be the company that pays the majority of any claim.  It will have insurance.  However, it’s never going to be a payout on that scale.  I imagine that the family are hoping that a settlement can be agreed out of court for a few hundred million.  The insurance companies may decide to go to court.  There was a lot of chatter down here in gambling circles that vichai had made quite a few enemies - amongst them some seriously unpleasant people ,If this does go to court then there may be things that come to light which may upset. 

The big six?

[FoxesWalk]

17 hours ago, filthyfox said:

2.35 BILLION....   that's about half his networth at the time of the crash.

It’s also a significant proportion of Leonardo’s net assets

[st albans fox]

37 minutes ago, notnow john said:

The big six?

I’d laugh but you never know who is reading …..

[Bilo]

9 hours ago, Jon the Hat said:

If you use a machine exactly in line with the manufacturer's maintenance schedule (which has already been proven in the investigation), and a part which was not yet due for inspection let alone replacement fails resulting in a fatal accident, then I think they have a case.  The value of potential compensation is a separate legal point, i.e. does it have anything to do with the manufacturer how rich you are and should that impact the compensation level.

Pretty much agree here.

 

If I have serviced and used my car in accordance with manufacturer's guidelines, taking it to the main dealer for services and repairs, and the brakes fail, then I would have a case against the car manufacturer. Unless the manufacturer had had a recall to which I had failed to respond, or I had been irresponsible in driving the vehicle, the liability could not possibly lie with me. So it could be for this case. 

 

They won't get that amount of money, but could get a significantly payout to avoid the helicopter builder incurring negative publicity through a messy court case.

 

In terms of who's suing, it's interesting that it's the family rather than King Power because the club's ownership has passed from King Power to Top himself. Surely a successful settlement in favour of the family could more easily be invested in the club if it effectively went, at least in part, to Top himself instead of the King Power group?