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News Articles

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angiebabez
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Andy Murray Wimbledon Champion 2013

Re: News Articles « Reply #8310 on: November 19, 2013, 07:17 PM »
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Financial adviser from Texas sues Andy Murray and parents over payments
Published on 19 November 2013


Details of a financial action brought against tennis ace Andy Murray and his parents by a former adviser have emerged in a High Court judgment.

Proceedings against the 26-year-old Wimbledon champion, his mother Judy and father William have been brought by David Cody, who was appointed in 2003 as their exclusive adviser in relation to his professional tennis career.

David Donaldson QC, sitting as a deputy High Court judge in London, gave a ruling today on a preliminary issue relating to costs.

He ordered Mr Cody, who lives in Texas, to provide security of 30,000 dollars (£18,600) and said the proceedings would be "stayed until such payment is made".

Giving the background, he said: "The first defendant is the well-known tennis player; the other two defendants are his parents.They entered into a written agreement dated December 16 2003 with the claimant under which the claimant was appointed their exclusive adviser in relation to his professional tennis career."

He said Mr Cody was to "receive 10% of gross payments from inter alia all commercial and sponsorship agreements entered into during or renewed after the term of the agreement, which was for an initial period of two years and thereafter determinable on six months notice by either side".

The judge said that on April 25 2005 Mrs Murray gave six months' notice terminating the contract.

Negotiations in late April and May 2006 resulted in an offer to Mr Cody of £65,000 "in addition to retaining all commissions and other payments which he had so far received, to be in full and final satisfaction of all present and future claims".

That offer was accepted, said the judge.

On June 1 2004 a two-year sponsorship deal with RBS had commenced, said the judge, and in February 2006 Andy Murray "made clear in an email that in his view the entitlement to commission applied only to receipts up to the end of the contract, viz December 2005".

The judge said it was not in issue that a new agreement with RBS was concluded on March 26 2006, due to start on June 1 2006 on expiry of the old one.

The Murray family had retained Mr Patricio Apey to act for them in the negotiations with Mr Cody, "in which they did not personally participate".

Mr Cody alleges that he was told by Mr Apey during the negotiations that the 2004 RBS agreement had not been renewed and that it was uncertain that RBS would continue sponsorship.

The judge added: "The defendants respond that Mr Apey said no such thing and that it is clear from two emails from the claimant... that he was well aware of the renewal and had negotiated overtly on that basis."

The defendants applied for security of costs, he said, "on the basis that Mr Cody is resident in Texas".

Part of Mr Cody's argument against the order was that "the modest level of his assets is such that any order for security would stifle his claim".

But the judge said he was not satisfied that Mr Cody "will be unable to find 30,000 (dollars) and in consequence be prevented from prosecuting this claim further".
http://www.heraldscotland.com/mobile/news/crime-courts/financial-adviser-from-texas-sues-andy-murray-and-parents-over-payments.1384883584?_=44ce49ea7971149ad33b1fd09cc5c92af5f79d35
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rob92
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Re: News Articles « Reply #8311 on: November 19, 2013, 07:43 PM »
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Don't pay him a single penny.
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Aileen
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Re: News Articles « Reply #8312 on: November 19, 2013, 09:59 PM »
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Happy Anniversary! Mine isn't til start of Aus open though I lurked for about a year.
My 4th Anniversary will be 2nd January.  Do I get a Long Service Medal? Whistle


Don't pay him a single penny.
Fricking chancer, if you ask me.
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Connor
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Re: News Articles « Reply #8313 on: November 19, 2013, 10:03 PM »
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My 4th Anniversary will be 2nd January.  Do I get a Long Service Medal? Whistle

Fricking chancer, if you ask me.

No.
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Aileen
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Re: News Articles « Reply #8314 on: November 19, 2013, 11:38 PM »
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:p
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flowerpower
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Let your racket do the talking

Re: News Articles « Reply #8315 on: November 20, 2013, 11:14 AM »
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Hallo Flowerpower , ik kom ook uit Nederland , weet jij soms ook een Nederlandse fanclub van Andy ???

Nee, niet dat ik weet, ook niet op facebook of  andere internetvariant. we zullen het met deze britten moeten doen Smile!

(For the english; we are talking about a dutch fanclub of Andy, there isn't one, so we have to deal with you (and that's most of the time very easy Smile , except from some very long posts...) and so have you with the foreigners!
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flowerpower
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Let your racket do the talking

Re: News Articles « Reply #8316 on: November 20, 2013, 11:17 AM »
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Yet another achievement. yay  Personally I wouldn't give some of these guys a second look but Andy's definitely one of the sexiest men I've ever seen!

Thanks flowerpower.   Lucky lady being able to be present at the final - and she's absolutely right about that last game. Smile

ahhh, indeed she was very lucky!


 
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matchpoint
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Re: News Articles « Reply #8317 on: November 20, 2013, 11:31 AM »
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Although this is from the Daily Mail - dealing with the Cody story as mentioned above - there's a section at the end of the article mentioning Andy's application to trademark his name which, I think, is interesting:
http://www.dailymail.co.uk/sport/tennis/article-2510318/Andy-Murray-parents-sued-ex-adviser.html
[ Last edit by matchpoint November 20, 2013, 11:36 AM ] IP Logged
flowerpower
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Let your racket do the talking

Re: News Articles « Reply #8318 on: November 20, 2013, 12:54 PM »
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http://www.atpworldtour.com/News/Tennis/2013/11/47/Rivalries-Djokovic-Murray.aspx

Only two times this year!
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laundry
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Re: News Articles « Reply #8319 on: November 20, 2013, 02:08 PM »
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Met Djokovic only twice, Federer only once and still yet to meet Nadal! Weird.
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IonaRed
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Re: News Articles « Reply #8320 on: November 20, 2013, 09:24 PM »
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Murray's strength workout

 http://www.menshealth.co.uk/_mobile/building-muscle/get-big/andy-murrays-strength-session
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Aileen
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Re: News Articles « Reply #8321 on: November 20, 2013, 09:33 PM »
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Although this is from the Daily Mail - dealing with the Cody story as mentioned above - there's a section at the end of the article mentioning Andy's application to trademark his name which, I think, is interesting:
http://www.dailymail.co.uk/sport/tennis/article-2510318/Andy-Murray-parents-sued-ex-adviser.html

Sounds a wise idea to me -  but lingerie and baby clothes ....??  lol


Fascinatiing.  But I bet he isn't doing some of the more extreme ones just yet.
[ Last edit by Aileen November 20, 2013, 09:37 PM ] IP Logged
Aileen
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Re: News Articles « Reply #8322 on: November 20, 2013, 09:40 PM »
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Nee, niet dat ik weet, ook niet op facebook of  andere internetvariant. we zullen het met deze britten moeten doen Smile!

(For the english; we are talking about a dutch fanclub of Andy, there isn't one, so we have to deal with you (and that's most of the time very easy Smile , except from some very long posts...) and so have you with the foreigners!
And we welcome you all! bigarmhug
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Connor
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Re: News Articles « Reply #8323 on: November 20, 2013, 09:47 PM »
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And we welcome you all! bigarmhug

Define 'we'?
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Aileen
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Re: News Articles « Reply #8324 on: November 20, 2013, 09:56 PM »
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Define 'we'?
MWers in general.  Who else did you think I meant?
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