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Unfair Prejudice Claims: How The Cardiff City FC Shareholder Dispute Unfolded

Shareholders Agreement
Tuesday, 04 October 2022 Author: Gwendoline Davies, Lynsey Oakdene, Louise Norbury-Robinson, Rebecca Riding

Cardiff City FC has found itself in the legal press after being the subject of an unfair prejudice petition.

The case[1] revisits the well-trodden legal journey which a shareholder must successfully complete in order to make out their claim, and considers a majority shareholder’s role in alleged unfair prejudice conduct.  Also of particular interest is the judgment’s useful commentary on how the shares of football clubs should be valued.  Football club share valuation is of course, often the subject of complex and commercially unique arrangements and high levels of debt, and the value of the ‘club’ can fluctuate wildly from time to time.

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Written by

Gwendoline Davies

Gwendoline Davies

Gwendoline is head of the Commercial Dispute Resolution Group at Walker Morris, and is known as a formidable litigator with immense experience. The majority of her work is complex, high value commercial disputes (involving litigation, arbitration, mediation and expert determination), for UK, global corporates and entrepreneurs.

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Lynsey Oakdene

Lynsey Oakdene

Lynsey is a Director in our Dispute Resolution Team at Walker Morris. Lynsey specialises in all aspects of commercial disputes and regularly advises on a wide range of matters. Supporting clients to work through complex disputes to achieve their commercial objectives, Lynsey has a great deal of experience in all forms of alternative dispute resolution and is an experienced trial/hearing lawyer.

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Louise Norbury-Robinson

Louise Norbury-Robinson

Louise is a Director in our Commercial Dispute Resolution (CDR) Team. Known for her general commercial litigation work, Louise has a great deal of experience resolving disputes through alternative dispute resolution as well as litigation.

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Rebecca Riding

Rebecca Riding

Rebecca joined Walker Morris in 2021 and has experience in a wide range of commercial disputes. In her own words she works on “any and all commercial dispute work” – so the scope of her practice is broad.

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