When and where is the JR appeal hearing? (1 Viewer)

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J

Jack Griffin

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Anybody know?
 
Otis

Otis

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Mar 26, 2011
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Was wondering the exact same thing yesterday.

Maybe Sisu are keeping schtum until they get the yay or nay on this. Eggs all in one basket maybe?
 
Hobo

Hobo

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May 13, 2013
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More importantly the club cannot begin to move forward until this is finally shelved once and for all.
 
Otis

Otis

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Hobo said:
More importantly the club cannot begin to move forward until this is finally shelved once and for all.
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But isn't there the right to appeal, to the appeal, to the appeal?
 
Hobo

Hobo

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Otis said:
But isn't there the right to appeal, to the appeal, to the appeal?
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Probably, just got to find the right judge?
 
Otis

Otis

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Hobo said:
Probably, just got to find the right judge?
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Yep. Keep going through the courts until you find a judge who finally agrees with you.

Good business practice I would have thought.
 
J

Jack Griffin

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So no one knows?

Where is Simon Gilbert when you need him, slacker.. :)
 
torchomatic

torchomatic

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Feb 25, 2008
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You'll have time to wash your council scarf, don't worry.
 
J

Jack Griffin

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Still nothing, only 2 days left?

"The Court of Appeal will now rule on whether if the club’s lawyers can formally appeal between October 10 and October 31."
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B

Block19

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I can't see what SISU would gain from this now the council share has been sold. I thought idea was to say the council money had been the wrong use of tax payers money. That money now has been repayed. So what would be achieved
 
J

Jack Griffin

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Block19 said:
I can't see what SISU would gain from this now the council share has been sold. I thought idea was to say the council money had been the wrong use of tax payers money. That money now has been repayed. So what would be achieved
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Would be nice if Simon could find out.. suspense is killing me.
 
skybluetony176

skybluetony176

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Aug 2, 2013
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Block19 said:
I can't see what SISU would gain from this now the council share has been sold. I thought idea was to say the council money had been the wrong use of tax payers money. That money now has been repayed. So what would be achieved
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It's hard to see isn't it. I would imagine that Wasps hedge fund have a back up plan should the loan have to be repaid and I would think SISU will have trouble proving that they were forced out of the Ricoh and need compensating for it as clearly there was a deal to stay if you were willing to pursue it, our return being the proof of that.
 
O

oldfiver

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Mar 25, 2011
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Block19 said:
I can't see what SISU would gain from this now the council share has been sold. I thought idea was to say the council money had been the wrong use of tax payers money. That money now has been repayed. So what would be achieved
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Has it been repaid?

So far as we know -

All that has happened is CCC have given away ( sorry sold ) its Shares in ACL

ACL still has the loan on some preferential terms.
 
DazzleTommyDazzle

DazzleTommyDazzle

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Mar 20, 2011
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MichaelCCFC said:
So you think all the comments about Jack and others being council lovers, collecting council minutes, having a council scarf etc etc are ok then?
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The intention of all such "insults" - SISU lover, Council lover etc - is to belittle the target.

The effect of all such insults is to diminish the writer.
 
B

Block19

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oldfiver said:
Has it been repaid?

So far as we know -

All that has happened is CCC have given away ( sorry sold ) its Shares in ACL

ACL still has the loan on some preferential terms.
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It was reported in the cov tel on the 7th October that the wasps would take the 14.4 million loan on as part of the deal
 
italiahorse

italiahorse

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Nov 23, 2011
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Block19 said:
It was reported in the cov tel on the 7th October that the wasps would take the 14.4 million loan on as part of the deal
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I assume if CCFC manage to get a 50% share in ACL they pick up half that as well. (Plus half of any assets)
 
O

oldfiver

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Mar 25, 2011
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italiahorse said:
I assume if CCFC manage to get a 50% share in ACL they pick up half that as well. (Plus half of any assets)
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No they get 50% of the issued shares

All the debt lies in ACL no matter what happens to shares or who owns them

If one shareholder goes bust the debt is still 100% in ACL
 
Grendel

Grendel

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Sep 19, 2011
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italiahorse said:
I assume if CCFC manage to get a 50% share in ACL they pick up half that as well. (Plus half of any assets)
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No as I assume the loan has been discharged so there will be a new lending source which raised the capital to buy the loan.

ACL will then meet the payments of that loan.
 
Astute

Astute

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Aug 2, 2011
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oldfiver said:
No they get 50% of the issued shares

All the debt lies in ACL no matter what happens to shares or who owns them

If one shareholder goes bust the debt is still 100% in ACL
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And the other side gets the chance of getting the other 50%.......which is what SISU want isn't it?
 
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