Iconic Sports Eagle Investment, LLC v John Textor
Clauses 3.2 and 3.3 of the Put Option Agreement are concurrent conditions requiring both parties to be ready and willing to perform their obligations simultaneously; Iconic was ready and willing, JT was not, so Iconic is entitled to specific performance.
- Parties
- Claimant: Iconic Sports Eagle Investment, LLC; Defendant: John Textor
- Jurisdiction
- England and Wales
- Judgment Date
- 03 November 2026
- Procedural Posture
- Commercial Dispute / Expedited Trial of Preliminary Issues
- Outcome
- Judgment for the Claimant
- Legal Topics
- Put Option Agreement, Specific Performance, Concurrent Conditions, Share Sale, Default Provisions
Case Brief
Summary, issues, holding and outcome
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Parties
Iconic Sports Eagle Investment, LLC
Claimant
John Textor
Defendant
Procedural Posture
Commercial Dispute / Expedited Trial of Preliminary Issues
Legal Issues
- 1 Whether Clauses 3.2 and 3.3 of the Put Option Agreement are concurrent conditions
- 2 Whether the Claimant was ready and willing to perform its obligations under Clause 3.2 on the Repayment Date
- 3 Whether the Defendant was ready and willing to perform his obligations under Clause 3.3 on the Repayment Date
Ratio Decidendi
Clauses 3.2 and 3.3 of the Put Option Agreement are concurrent conditions requiring both parties to be ready and willing to perform their obligations simultaneously; Iconic was ready and willing, JT was not, so Iconic is entitled to specific performance.
Court Disposition
Judgment for the Claimant
Orders
- Clauses 3.2 and 3.3 are concurrent conditions
- Iconic was ready and willing to perform its obligations
Full Case Text
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