Testut: Tapie explains about a loan to OM. In Bethune the court examines the advance of 21 million granted to guarantee the purchase of two players.

The Valenciennes judges were confronted with a sporting logic where Players and club leaders recognized only sports law and not the law at all.

Those of Bethune face the same misunderstandings this time with commercial logic. Many of the lawyers present are more used to commercial courts than to correctional court hearings. And that the criminal court of Bethune can blame offenses that ultimately caused no commercial damage to the company Testut stupefies. That he considers that the very small number of leaders who share the responsibilities under various titles of the majority of Tapie companies can be implicated, even incarcerated, strikes them with misunderstanding.

Yesterday’s audience gave a perfect illustration of this conflict of logic. The debates were spent in advance of 21 million francs that Testut has granted to Olympique Marseille via a company of Bernard Tapie, the FIBT to guarantee the purchase of two players, Amoros and Mauser. It’s July 1989. It’s the beginning of the football season and Bernard Tapie is in a hurry. He wants these players, it takes 21 million francs blocked as a guarantee until the completion of the transfer to ensure that the club can afford to pay. The usual bank of OM refuses. Tapie then ordered this sum from Elie Fellous, at the time a big money-maker for the Tapie group, where he held the positions of director, general manager or “supervisor” in most of the group’s companies. And Elie Fellous turns to the SDBO which suggests to him at least that’s what he tells the court that just Testut has cash since a recent capital increase has temporarily cleaned up his accounts.

“It was a short operation, two months at most, and without risk because the OM had just signed an exclusive contract with Canal Plus of 45 million over three years. OM’s recipes were imminent. There was no risk. And better for Testut, this loan was paid, “tries to explain Elie Fellous in court. Commercially, a prudent operation and even profitable in his eyes. Judicial experts have described it as a “neutral operation”.

But for the court, it’s not the same.

What relationship do Mauser and Amoros have with Testut scales? What is the interest of Testut? And why is Testut’s treasury uncovered three days after the guarantee of 21 million, a discovery that will oscillate between 5 and 21 million during the three months? And why does no contract guarantee Testut that it will not pay any agios on this cash hole? In short, prejudice or not, for the court there is offense. The operation is an abuse of social good, that is to say, a use of the funds of a company for a purpose which has nothing to do with its object and which is even “contrary to its interests”. And all in “the direct or indirect interest of a leader”, in this case, Bernard Tapie who was at the time CEO of Testut and President of OM.

“I’m not saying it’s an orthodox operation,” Elie Fellous admits. I say that it is a risk-free and properly remunerated operation. “The Expert President, who knows his case very well, has some difficulty in finding the record of the remuneration of this loan- my sources http://ejscashsports.com/borrowing-income-with-bad-credit-ways-to-get-the-loan-you-need Ejscashsports. Finally, it is a discount on financial agios which served as remuneration.

Bernard Tapie, who decided to play low profile in this case, does one who is not aware of anything. “You are a leader of OM, Testut, and FIBT and you are not aware of anything?” Quips the prosecutor Bernard Henne. “No,” says Tapie. “And you do not want to know if the operation has come true.” “No,” Tapie repeats. “And in your opinion, a leader, what is it for?”, The prosecutor irritated. “A hierarchy.” Tapie just found his Nanard tone to close with a word: “You know at the time I run a group that makes 20 billion turnovers, so 21 million is a detail. And the benefit that Amoros and Mauser bring is far greater than the Testut inconvenience. ”

The judicial logic against commercial logic, Bernard Tapie learns from a trial on the other to rectify his mistakes. This time, no circus, no counter-hearing in the corridors, no controversy too long with the prosecutor. But Testut’s loan to OM is not the most difficult part for him, even if the abuse of good is legally established. The problems will come these days with the operations of buyback and resale of Trayvon, a subsidiary deficit, each time at the expense of Testut. There, even commercially, the defense becomes more difficult.

Small Business Loans-To Start A New Venture

As our economic climate continues to weaken and credit score markets freeze up, tales abound in the media regarding bank’s holding back on the small business loans. But without a doubt what it is like in the ditches: Most banks are not financing at all. In fact, they are shutting the door even to current loans and lines of credit. Quite bad, right? I am never going to sugarcoat it. Frankly, you might have heard too much of that recently in Washington. This article will provide you with some suggestions as to exactly where your search should begin in finding your own business loan.

Would you honestly think you can be reliable with a bunch of money whenever you haven’t been keeping up with your cash already? Are you hoping for magic that will give you the money you should start your small business? It’s a lot more realistic to buy a lottery solution, or fantasize that you have the wealthy relative who had written away their money.

With that being said, your lender is most likely to find a payment plan that will keep things from getting overwhelming for you. The interest prices will often be in the range of whatever you can manage, and the entire loan term will vary based on your ability to pay it back.

Could a chief accountant write a business plan for top quality? In 98% of situations – no. First, it really is an accountant, not a strategist. He did not know how to compose business plans and can not find out it in snatches among bank documents and information to the tax. Secondly, the financier by profession is not really a too big angle. Yes, he could be aware of the company’s finances. Yet there are also relationships with clients, suppliers, and most importantly — a sea of people who have no idea about your company nothing.

Heading out on your own can be a scary factor, but if you believe in your concept and the SBA is at the rear of you, you have an excellent possibility of succeeding. Everyone works tougher when they are doing it intended for themselves. By following the suggestions above, you are one phase closer to getting that funding and becoming your own employer.

Benefit Cost Of Small Business Loans

There are various ideas about what a car name loan is and whether or not they should even be considered being an option when you are in need of fast cash. Ohio car name loans have a lot of advantages and positive things about all of them- how to pay off car loan?>.

Did you know that monitoring contracts could be so profitable that there are business plans written that are entirely depending on only buying and selling monitoring agreements?

You can get incredible deals from hundreds of loan providers. You can find, compare, save money plus avail online. Fast financial loans poor credit tenants loans for just about any amount and any objective without any collateral put to danger. You can procure finances by having an adverse credit score too.

I produced some serious mistakes. Just having a high school education failed to help at all. Running a business is definitely something you need to be prepared regarding, and I was not prepared. Initially, I started with no cash whatsoever, only enough cash to buy one computer, 1 printer and one cheap dictation machine. It was even tough for me to scrape up cash to buy office supplies. We didn’t know anything regarding loans to start a small business or how to financing what I needed to get a healthcare transcription company off the ground.

It is simple to get these business payday loans without any application fees, out-of-pocket costs, and no fixed monthly obligations! All there is to it will be your business history, credit score plus any application for personal bankruptcy and you can have cash advances that may amount up to $300, 1000! The best part here is that if your money advance is approved then you can certainly get your much-needed money in each day or less time! Even if you have got bad credit scores you can nevertheless avail of these cash advances! The one thing here is that you must be sincere in providing your credit score information. The finance specialist will still process your money advance since it will be based on your own future sales and not together with your current financial standing.

It makes real good sense to put a detailed business strategy in place before you commit to any kind of long-term investment of time plus money. Your aim shall be one of the 5% who is successful, and not one of the 95% that don’t.

When you’re about to start or expand a company, one of the essential requisites for this to happen is to have enough financing to finance the needs of the business. This will include funding materials and equipment, income for your employees and even advertising purposes.

This criterion is essential because that is what will be applied as the basis of a person getting the small business loan. Small business loans are taken seriously, and paying it back is very important. The evidence of this will show up on your credit history.

Yes, you are able to and will be successful, you have to know everything you are doing and take your time, perform proper research before you make the leap. You will have to work for your dream, and when you realize that even the greatest best small business plans, will need hard work, perseverance, and passion, you’ll be on the way.

Funding sources do not want to be paid to the government or other secured transactions if you don’t pay and it goes to court. Tax liens and property liens can in some case be paid first out of your assets if you go bankrupt prior to the lender getting any funds.

The only disadvantage to payday loans is that when you compare the interest rate to bank loans and credit cards it is much higher. That’s because business loans for people with bad credit loans are high risk, short term loans. The payday loan company charges high interest to balance out their risk.

The first step in wowing the SBA is to have a professional business plan. This is the most important document that you are going to prepare for them and you want to make sure that it is done right. If you have no idea how to do one, hire someone who can. It will be the best money that you have ever spent.

Notice that any sales page that contains “actual” facts or earning income figures will also carry disclaimers that “the results represented here are not typical”, or some other type of legal material to keep the seller out of problems.

References:

1. https://www.consumerfinance.gov/ask-cfpb/category-auto-loans/
2. http://www.left-bank.org/contact contact
3. https://www.ft.com/content/7a343370-5ff6-11e7-91a7-502f7ee26895