The High Court is set to hear a bitter legal dispute over Fulham football club’s Craven Cottage stadium.
Crown Dilmun, a company owned by Bahrain International Bank, is suing businessman Nick Sutton and Fulham River Projects in respect of the site.
In a High Court writ, which has just been made publicly available, Crown Dilmun alleges that Sutton has breached a written employment contract dated 4 October 1994. The company is seeking damages for breach of fiduciary duty.
Alternatively, the company seek an account of profits made in respect of dealings relating to Craven Cottage Football Stadium, and an order that the benefit of an agreement, dated 18 September 2002, between Fulham River Projects, Fulham Football Stadium Ltd and Harrods Holdings Ltd is held on constructive trust for Crown Dilmun and Dilmun Investments Ltd.
Crown Dilmun and Dilmun Investments are also suing Fulham River Projects Ltd for damages for dishonest assistance in a breach of trust, together with damages for knowing receipt of trust property. Alternatively, they seek an account of profits over dealings in the stadium, and an order that the benefit of the agreement is held on constructive trust on their behalf.
It is believed that Mohammed Al Fayed sold Craven Cottage to Sutton’s company, Fulham River Projects, for £50m.
References: PLS News 7/3/03
