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General Category => Altrincham FC First Team => Topic started by: Saughall Robin on March 10, 2022, 01:54:12 PM

Title: This possible insurance claim money
Post by: Saughall Robin on March 10, 2022, 01:54:12 PM
If this comes off, won't it fund a couple of years of Hybrid/FT?
I hope so as, from what we've seen this year and last, that's the best way forward.
Title: Re: This possible insurance claim money
Post by: Mick on March 10, 2022, 02:17:21 PM
My contact at Chesterfield insists they have their current upturn in fortunes as a result of a business continuity inurance claim.

Skirted with relegation for 2 seasons despite wealthy owner......now nobody in overall control after he relinquished ownership
Title: Re: This possible insurance claim money
Post by: HashtagAlty on March 10, 2022, 04:31:17 PM
If this comes off, won't it fund a couple of years of Hybrid/FT?
I hope so as, from what we've seen this year and last, that's the best way forward.

You might need to elaborate us in the back
Title: Re: This possible insurance claim money
Post by: Saughall Robin on March 10, 2022, 04:36:10 PM
If this comes off, won't it fund a couple of years of Hybrid/FT?
I hope so as, from what we've seen this year and last, that's the best way forward.

You might need to elaborate us in the back

Was reported on the JL site a few days ago.

Actually it was the 1st March.

Believe it was on the official site too but I can't check on that so far back.
Title: Re: This possible insurance claim money
Post by: Seth on March 10, 2022, 04:55:49 PM
From JL site:

As reported yesterday, Altrincham FC is suing Axa the insurance giants for £250,000.
The claim was filed in December and relates to the closure of the club from March 2020 to June 2021 during the Covid pandemic. The club's business interruption policy with the insurers, Axa, apparently includes a clause for the "closure of the premises 'on the advice or with the approval' of the government" and the case seems to be based on whether that clause should trigger a payout by Axa or not.
Title: Re: This possible insurance claim money
Post by: HashtagAlty on March 10, 2022, 04:57:09 PM
If this comes off, won't it fund a couple of years of Hybrid/FT?
I hope so as, from what we've seen this year and last, that's the best way forward.

You might need to elaborate us in the back

Was reported on the JL site a few days ago.

Actually it was the 1st March.

Believe it was on the official site too but I can't check on that so far back.

Ah, okay, had missed it. Here's hoping for a successful outcome..
Title: Re: This possible insurance claim money
Post by: Amsterdam Alty on March 10, 2022, 05:12:11 PM
Is there some more information about this, or is this something that shouldn't be put on a public forum just yet?
Title: Re: This possible insurance claim money
Post by: Saughall Robin on March 10, 2022, 05:17:55 PM
Is there some more information about this, or is this something that shouldn't be put on a public forum just yet?

Seems the club have said all that they can do at the moment. I presume we'll hear more when the case has been settled one way or the other.
Title: Re: This possible insurance claim money
Post by: TheCultOfIanTunnacliffe on March 10, 2022, 05:18:12 PM

Is there some more information about this, or is this something that shouldn't be put on a public forum just yet?


Links below...however, you appear to need a 'professional' email address to be able to register in order to read the articles in full:

https://fletcherday.co.uk/insight/law360-covers-altrincham-football-club-business-interruption-claim/ (https://fletcherday.co.uk/insight/law360-covers-altrincham-football-club-business-interruption-claim/)


https://www.law360.com/articles/1463278/axa-fights-soccer-club-over-covid-biz-interruption-policy (https://www.law360.com/articles/1463278/axa-fights-soccer-club-over-covid-biz-interruption-policy)
Title: Re: This possible insurance claim money
Post by: rorysgrandad on March 10, 2022, 05:59:11 PM
With insurance companies you're always fully covered until you come to claim. 😂😂😂
Title: Re: This possible insurance claim money
Post by: cheshire cat on March 10, 2022, 06:07:23 PM
With insurance companies you're always fully covered until you come to claim. 😂😂😂

I used to think that. I had someone run in to my wife's car whilst I was driving. It turned out I wasn't insured for business use. Her insurance company amended the policy so I was insured and back dated it. Then they went after the other guy.
Title: Re: This possible insurance claim money
Post by: Bob on March 10, 2022, 08:08:13 PM
If this comes off, won't it fund a couple of years of Hybrid/FT?
I hope so as, from what we've seen this year and last, that's the best way forward.

£125k extra a year for hybrid? Doubt it. Full time? No chance. But welcome for a better wage bill and minor ground improvements certainly.
Title: Re: This possible insurance claim money
Post by: Saughall Robin on March 10, 2022, 08:43:14 PM
Perhaps it wouldn't be enough on its own but IF we were working towards budgeting for hybrid/full time next year, the extra £250k could be the clincher?
Title: Re: This possible insurance claim money
Post by: Ballers on March 10, 2022, 11:34:01 PM
If this comes off, won't it fund a couple of years of Hybrid/FT?
I hope so as, from what we've seen this year and last, that's the best way forward.

I get the impression this is a case of claiming money we were already due in the circumstances (and may have already had to spend a large proportion of?) rather than a nice new shiny wad of money to fund us over the next couple of years?
Title: Re: This possible insurance claim money
Post by: distancetraveller on March 11, 2022, 01:02:24 AM
I think it would be more than the claim is worth to sustain hybrid or FT football, like others have said, maybe more beneficial used on minor ground repairs such as the gaping hole on the pop side