This "an offer not made to SISU or CCFC"
You could say "if you don't ask you don't get".
Did CCC offer 250 years to Wasps or did Wasps ask for or demand it, I suspect the latter. From memory were SISU not offered a 100 year lease at one point. Really shouldn't get hung up on the number of years in any case the value to CCC of 100 years to 250 years is not going to be massively different.
At no point it seems to me did the parties get to a position where SISU were bidding for the whole of ACL. The freehold was never on the market, it didn't need to be. By August 2012 SISU and AEHC had negotiated for the AEHC shares and both parties walked away. By December 2012 CCC and SISU had done a deal dependent on SISU owning the AEHC shares - they had walked away from owning those earlier so how could the CCC deal work?. When CCC were selling the shares to Wasps Seppala said they wouldn't interfere. The offer to AEHC in October 2014 it would seem was not better than the Wasps one overall so was rejected (see post above). Fisher then said they were not deals he would have done on those terms - so had they been offered the same terms they would have rejected them it seems. SISU had 7 years to get some sort of deal, you can say CCC would never have given it to CCFC/SISU but when exactly did any cohesive interest take place. It seems to me that what went on was buying time whilst ACL became distressed but that's just my opinion, others will differ I accept
Yes the Ricoh should have been CCFC's, but too many games not enough real intention on many sides it seems to me and SISU played a very large part in that.