Lauren Kreamer acted for the successful Respondent in yesterday’s hearing in the High Court in Manchester, in an application for an interim injunction restraining the Respondent, Panorama Magic General Contracting LLC, the ultimate majority owner of Charlton Athletic Football Club, from selling its shares in the club’s parent company. The matter garnered significant public interest, resulting in over 200 members of the public and press dialling into the remote hearing, in circumstances where the very future of Charlton Athletic, the club of which Lauren is a lifelong supporter, was on the line.
Giving an ex tempore judgment, His Honour Judge Pearce, sitting as a Judge of the High Court, found that there was a risk that if Panorama Magic was restrained from dealing with the shares in the club’s parent company, the club’s future would be in doubt. In those circumstances, and on the facts of what he considered to be an unusual case, he found that the balance of convenience lay against the granting of an injunction. Panorama Magic will now be able to continue negotiations with potential buyers, hopefully signalling a move towards a more secure future for Charlton Athletic.
Lauren was instructed by Daniel Gleek and Toby Matthews of Axiom Stone Solicitors.