Premier League Clubs Association (PLCA) threatens to sue Cas

[Karl]

Premier League Clubs Association (PLCA) threatens to sue Cash Plus


Portmore United's Andre Campbell tries to get himself untangled from an unorthodox tackle by Tivoli Gardens striker Horace Howell, during the Cash Plus Premier League match at Edward Seaga Mini Stadium on Sunday. Portmore won 4-2. - Ricardo Makyn/Staff Photographer

LAWYERS for the Premier League Clubs Association (PLCA), the body which negotiated a three-year $150 million sponsorship deal of local premier league football with embattled institution Cash Plus Limited, have written to the firm, threatening legal action over arrears of $19 million.

Edward Seaga, chairman of the PLCA, on Sunday told The Gleaner that December's payment, which should have been $6 million, arrived two months late and $1 milion short last week.


http://www.reggaeboyzsc.com/articles...261&category=1

[Mosiah]

Ridiculous! Just like the individual investors, the PLCA should have known what they were getting themselves into!

[OJ]

No mo this is different. If cplus signs an agreement for 10$ to sponsor the league they owe the league 10$. If they take people money to invest and turn a profit by nature of the speculative business of investing one can reasonably assume they can loose your investment. However they are responsible for the sponsorship.