Mean while back in court (6 Viewers)

[Captain Dart]

Cheers for the links. I won't get time to read them until later but maybe you already know the answer to this? If the judges rule that they can't go to the Europe can they appeal that decision and SISU basically start the appeal process all over again?

i have absolutely no idea, I'm just googling stuff about EU law. If SISU get blocked they will just start JR2 & involve Wasps. That appears to be the strategy, litigation, litigation & more litigation, ethics & justice of cause does not come into it. Just keep plugging away till the other guy surrenders.

 

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[torchomatic]

Goodness. What do you do with yourself between court cases?

i have absolutely no idea, I'm just googling stuff about EU law. If SISU get blocked they will just start JR2 & involve Wasps. That appears to be the strategy, litigation, litigation & more litigation, ethics & justice of cause does not come into it. Just keep plugging away till the other guy surrenders.

 

[Captain Dart]

Goodness. What do you do with yourself between court cases?

Enter a trance like state

 

[Skyblueweeman]

The Lord himself said any damages would likely come from the government.
(Well not the 'Lord') a Lord

What, LordSummerisle?

 

[covcity4life]

council are pathetic

 

[Nick]

council are pathetic

 

[dongonzalos]

Not sure how I feel about this now.
If knew for certain the government would be paying damages. It may change my perspective.
They have taken a lot of my money over the last few years. So may not bother me as much. If it gets SISU's investors their money back and allows SISU to sell up. Or allows them to attempt to run the football side of things correctly then that could be interesting.
If the it comes out of local council funds I wouldn't agree with that. As that could directly affect the people of coventry.
Interesting change of dynamics

 

[covcity4life]

dont get it

sweeping statement?

 

[Nick]

Not sure how I feel about this now.
If knew for certain the government would be paying damages. It may change my perspective.
They have taken a lot of my money over the last few years. So may not bother me as much. If it gets SISU's investors their money back and allows SISU to sell up. Or allows them to attempt to run the football side of things correctly then that could be interesting.
If the it comes out of local council funds I wouldn't agree with that. As that could directly affect the people of coventry.
Interesting change of dynamics

If it comes out of the local council funds then either way it would be down to the council wouldn't it? If they lose the goverment millions of tax payers money, it would also be down to the council?

I am not sure when they band about 10's of millions in compo. Surely they have to prove they lost 10's of millions in the first place?

 

[Nick]

dont get it

sweeping statement?

Nah somebody to sweep it under the carpet.

 

[John_Silletts_Nose]

Replied too late

 

[Nick]

It would be very interesting how it was spun if the council did have to pay out though wouldn't it?

 

[torchomatic]

Amazing really that you still refuse to accept the Council are at any way to blame for the predicament we all find ourselves.

Not sure how I feel about this now.
If knew for certain the government would be paying damages. It may change my perspective.
They have taken a lot of my money over the last few years. So may not bother me as much. If it gets SISU's investors their money back and allows SISU to sell up. Or allows them to attempt to run the football side of things correctly then that could be interesting.
If the it comes out of local council funds I wouldn't agree with that. As that could directly affect the people of coventry.
Interesting change of dynamics

 

[Nick]

Amazing really that you still refuse to accept the Council are at any way to blame for the predicament we all find ourselves.

It would be SISU taking it from Tax Payers and poor kids mouths rather than the council screwing up. You should know this...

 

[torchomatic]

I do know it, but it still shocks when I read some of the stuff on here.

It would be SISU taking it from Tax Payers and poor kids mouths rather than the council screwing up. You should know this...

 

[Captain Dart]

It would be SISU taking it from Tax Payers and poor kids mouths rather than the council screwing up. You should know this...

Now if it was diverted from Camilla Batmanjelly's lifestyle fund I'd be OK with that.

 

[Nick]

I do know it, but it still shocks when I read some of the stuff on here.

Just the same as people who probably won't acknowledge the stuff that came out about Wasps.

If it came out CCFC planned to move to Northampton 2 years earlier, it would be an Exclusive with 5 articles made out of it.

 

[Nick]

Now if it was diverted from Camilla Batmanjelly's lifestyle fund I'd be OK with that.

Saw about her the other day on a documentary. I think she was bribing the fashion police.

 

[torchomatic]

You should try watching football.

Enter a trance like state

 

[Captain Dart]

You should try watching football.

I'd have to watch Villa to get the same effect wouldn't I?

 

[italiahorse]

Still can't see how CCFC was forced to go to Northampton and as a result expect compensation.
Surely they could have stayed at the Ricoh, admittedly with the agreed high rent still in place.
It's as if Sisu are saying that because you won't lower the agreed rent its your fault we are leaving.
In retrospect ACL/CCC should have been more understanding of the club but keeping CCFC to the contract is not illegal.

The loan that CCC supplied to the Ricoh will always come down to whether it was at market rates which should also reflect the risk.
Both teams yesterday in their presentations tried to either show increased risk (Sisu) or low risk (CCC).
A decision can't be an exact calculation on this, so it will come down to the judges evaluation.

All these court cases and no real answers or am I missing something ?

 

[italiahorse]

Just the same as people who probably won't acknowledge the stuff that came out about Wasps.

If it came out CCFC planned to move to Northampton 2 years earlier, it would be an Exclusive with 5 articles made out of it.

Sisu would have known from day one that they could stress ACL by moving out.
Don't give them any credit for not considering it. That's what hedge funds do.

 

[Hobo]

Shouldn't this thread be adjourned like the actual case?

 

[chiefdave]

The loan that CCC supplied to the Ricoh will always come down to whether it was at market rates which should also reflect the risk.
Both teams yesterday in their presentations tried to either show increased risk (Sisu) or low risk (CCC).

What strikes me as a bit odd is that CCC took over the loan due to a fear YB would call it in. That is an indication that the loan was relatively high risk. Yet when CCC made the loan it was reported as being a good thing as they would now be paying a lower interest rate. Wouldn't you expect the interest rate to rise to reflect the risk if it was being made on a commercial basis.

If a commercial lender was perpared to lend to them on the same terms why did they go with the council? A commercial loan would never have led to all this legal rubbish.

 

[dongonzalos]

If it comes out of the local council funds then either way it would be down to the council wouldn't it? If they lose the goverment millions of tax payers money, it would also be down to the council?

I am not sure when they band about 10's of millions in compo. Surely they have to prove they lost 10's of millions in the first place?

If they Government are liable I assume they will pay. Otherwise what's the point of involving them.
If it comes out the council's budget I don't want SISU to win as that directly affects the people of Coventry.
If the Government pay up then that's the central pot.

 

[dongonzalos]

Amazing really that you still refuse to accept the Council are at any way to blame for the predicament we all find ourselves.

I didn't say anything about blame. I said if the money is to be paid out by the council I would prefer the council to win. Especially if it affects the people of Coventry.
If it's to be paid out by central Government then I may change my opinion on that.
Blame wise I have always said both parties share blame but I apportion a larger share of the blame on SISU. So they don't deserve to win IMO however if they win and central Government pay out and that either allows SISU to sell up or stay but run the football club in the championship in a manner that they should have done in the first place.
Then that could be a different way of thinking

 

[albatross]

If it comes out of the local council funds then either way it would be down to the council wouldn't it? If they lose the goverment millions of tax payers money, it would also be down to the council?

I am not sure when they band about 10's of millions in compo. Surely they have to prove they lost 10's of millions in the first place?

look at the current balance sheet and annual reports. Big losses. you could argue that the balance sheet was set up just for this potential outcome.

 

[dongonzalos]

Sorry Nick just re read your post
Thought you were saying the council would still pay up.
You are talking about whose fault it is. Yes it would still be down to the council if the judges decide that way. That's not really relevant to my post though. But yes I agree with you

 

[torchomatic]

But...if the council are found to be at fault and they have to pay out then surely that is their fault?

I didn't say anything about blame. I said if the money is to be paid out by the council I would prefer the council to win. Especially if it affects the people of Coventry

 

[Nick]

Sisu would have known from day one that they could stress ACL by moving out.
Don't give them any credit for not considering it. That's what hedge funds do.

They were probably planning the move before they even took over, then spouted out the Coventry line to keep people sweet. Then moved.

 

[Nick]

Still can't see how CCFC was forced to go to Northampton and as a result expect compensation.
Surely they could have stayed at the Ricoh, admittedly with the agreed high rent still in place.
It's as if Sisu are saying that because you won't lower the agreed rent its your fault we are leaving.
In retrospect ACL/CCC should have been more understanding of the club but keeping CCFC to the contract is not illegal.

The loan that CCC supplied to the Ricoh will always come down to whether it was at market rates which should also reflect the risk.
Both teams yesterday in their presentations tried to either show increased risk (Sisu) or low risk (CCC).
A decision can't be an exact calculation on this, so it will come down to the judges evaluation.

All these court cases and no real answers or am I missing something ?

They used wasps as a reason for it being low risk....

 

[dongonzalos]

But...if the council are found to be at fault and they have to pay out then surely that is their fault?

Yes but I will say it again I never said anything about blame in my post. You did in your reply.

 

[Nick]

Yes but I will say it again I never said anything about blame in my post. You did in your reply.

Because it wouldn't be sisu...

 

[dongonzalos]

Because it wouldn't be sisu...

Because it wasn't relevant to my post. Would you like me to add a random line about blame at the end of every post

 

[fernandopartridge]

look at the current balance sheet and annual reports. Big losses. you could argue that the balance sheet was set up just for this potential outcome.

Because prior to all this the club wasn't making big losses.