I don't get your argument here Dave. Are you saying that CCC should have even done more to attract potential bidders so even more people could have done what SISU didn't? Who else do you think is out there looking for a stadium? SISU were the only show in town according to the experts on here.
Frankly I don't care what the 'experts' on here are saying. They don't have access to the full details and don't have to account to taxpayers or deal with multimillion pound sales.
My position is straightforward. I don't believe CCC should have been lying to the tax payer regarding the status of ACL. I suspect this was deliberate deceit. Lucas claimed on CWR that she had been supplied incorrect information, that would have been by Reeves and West neither of whom have been disciplined so I don't believe that it true either.
More importantly if, as appears to be the case, ACL needed to be sold it should have been correctly marketed. Give all interested parties a chance to bid and give the taxpayer and any impacted organisations, such as CCFC or CRFC, to object to raise their objections to other bids from the likes of Wasps. This is in line with council guidelines.
Who else was looking for a stadium? I haven't a clue and that's the point really, there's no way CCC could know if anyone else was potentially interested. Of course it doesn't need to be another team. There are companies, such as AEG, who hold the leases and operate stadiums.
Surely your concern as a CCFC fan is that CCFC or SISU didn't bid? They clearly were given the opportunity and a good while before it was very publicly opened to any serious offer.
Of course I would have preferred us to bid and bid successfully. That is why I wanted an open bidding process. Pressure could have then been applied to make a bid with everyone bidding on the same thing.
As much as you can say the club had the opportunity at now point, as far as we know (and I'm sure it would have been in the CT by now), were we ever offered anything remotely similar to the deal Wasps got.
As much as SISU were playing games so were CCC. Look at when Sepalla wanted to meet with Lucas and asked it be kept private. It was all over the CT the next day. And of course CCC, being a publicly accountable body, should be held to a higher standard than a hedge fund. They should be accountable to us yet they did this deal in secret and have since refused to answer questions about it.
As for the interest that's what happens when loans get paid back early. The public got all their money back and some interest which is more than what would have happened in administration, the only other viable option for ACL other than more public money being put into ACL.
What gets paid back depends on the loan agreement. I just paid my mortgage back and had to pay a shedload of interest. The loan I took out for my car had the interest front loaded. Many larger commercial loans have clauses regarding early repayment.
Why was administration the only other option for ACL?
