jaymo132
New Member
Well True Sky Blue is a Sisu puppet..he only joined the Forum 3 weeks ago,always trying to stir the 5hit..:jerkit:
Breaking News - Judge kicks out SISU's judicial review against CCC / ACL (4 Viewers)
- Thread starter deanocity3
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Well True Sky Blue is a Sisu puppet..he only joined the Forum 3 weeks ago,always trying to stir the 5hit..:jerkit:
D
Deleted member 5849
Guest
Doesn't alter the fact that if there are lots and lots of costs to come in the future, the losing side might not exist anymore to pay them...
skybluetony176
Well-Known Member
from the telegraph
An application for a judicial review by Sky Blues' owners against Coventry City Council has been thrown out by a High Court judge.
The application by Sisu companies had accused the council of acting unlawfully in January when it bought out part-council owned Ricoh firm Arena Coventry Limited's mortgage debt from Yorkshire Bank for £14million.
The judge ruled the council acted properly following the football club's decision to withhold £100,000-a-month rental payments to ACL.
The application was taken out by Sisu companies Arvo Master Fund, Sky Blue Sports and Leisure Ltd and Coventry City Football Club (Holdings) Limited.
If they had ultimately won the review, the council may have had to reverse the £14m deal, which would have further weakened ACL's financial viability.
AN ACL spokeman said: “We note the announcement today that the High Court has dismissed the application by SISU to seek a judicial review of Coventry City Council’s decision to take over Yorkshire Bank’s loan to ACL.
"We are pleased to see that what we believe to be the correct judgement has been made in this unfortunate situation.
“Indeed, Mr Justice Males has made the reasons for his judgment very clear. We note, in particular, his reference to the withholding of lawfully owed rent by SISU as a means of exerting pressure on ACL in commercial negotiations, which had led to an unsatisfied judgment in the High Court in ACL’s favour.”
“We are also pleased that Mr Justice Males has included in his judgment the decision that ACL’s costs in relation to this dismissed case should be borne by SISU.”
Joint statement from CounAnn Lucas, Leader of Coventry City Council, and Coun John Blundell, Leader of the Opposition, Coventry City Council:
“We are delighted that permission to apply for a judicial review by Sisu-related companies (including Coventry City Football Club Holdings Ltd) into the Council's decision to restructure Arena Coventry Limited's loan at a commercial rate from Yorkshire Bank, has been refused in the strongest terms by High Court Judge Mr Justice Males.
“While we always knew we had a strong case, there was always the possibility that a judge could allow the case to be heard, tying up the Council in lengthy and complex litigation which would, whatever the outcome, have benefitted no-one.
“The judge has thrown out the case at the earliest possible opportunity, and while the applicants can appeal the decision at an oral hearing we hope the robust refusal of the application will allow us to move forward.
“For the past few months the threat of litigation has fettered the Council. We’ve been unable to speak out about this issue or talk about the reasons why we’ve taken the decisions we have. That’s been very difficult for us all; we know how important the Ricoh Arena and the Sky Blues are to Coventry people and how desperate people are for us to do what we can to find a solution.
“We’re clear about our priorities; our primary focus is to support the development of a very important asset for the city, continue the regeneration of this part of Coventry. We also want a successful and sustainable football club playing at the Ricoh. Our aim is to work hard to deliver this.”
More to come.
An application for a judicial review by Sky Blues' owners against Coventry City Council has been thrown out by a High Court judge.
The application by Sisu companies had accused the council of acting unlawfully in January when it bought out part-council owned Ricoh firm Arena Coventry Limited's mortgage debt from Yorkshire Bank for £14million.
The judge ruled the council acted properly following the football club's decision to withhold £100,000-a-month rental payments to ACL.
The application was taken out by Sisu companies Arvo Master Fund, Sky Blue Sports and Leisure Ltd and Coventry City Football Club (Holdings) Limited.
If they had ultimately won the review, the council may have had to reverse the £14m deal, which would have further weakened ACL's financial viability.
AN ACL spokeman said: “We note the announcement today that the High Court has dismissed the application by SISU to seek a judicial review of Coventry City Council’s decision to take over Yorkshire Bank’s loan to ACL.
"We are pleased to see that what we believe to be the correct judgement has been made in this unfortunate situation.
“Indeed, Mr Justice Males has made the reasons for his judgment very clear. We note, in particular, his reference to the withholding of lawfully owed rent by SISU as a means of exerting pressure on ACL in commercial negotiations, which had led to an unsatisfied judgment in the High Court in ACL’s favour.”
“We are also pleased that Mr Justice Males has included in his judgment the decision that ACL’s costs in relation to this dismissed case should be borne by SISU.”
Joint statement from CounAnn Lucas, Leader of Coventry City Council, and Coun John Blundell, Leader of the Opposition, Coventry City Council:
“We are delighted that permission to apply for a judicial review by Sisu-related companies (including Coventry City Football Club Holdings Ltd) into the Council's decision to restructure Arena Coventry Limited's loan at a commercial rate from Yorkshire Bank, has been refused in the strongest terms by High Court Judge Mr Justice Males.
“While we always knew we had a strong case, there was always the possibility that a judge could allow the case to be heard, tying up the Council in lengthy and complex litigation which would, whatever the outcome, have benefitted no-one.
“The judge has thrown out the case at the earliest possible opportunity, and while the applicants can appeal the decision at an oral hearing we hope the robust refusal of the application will allow us to move forward.
“For the past few months the threat of litigation has fettered the Council. We’ve been unable to speak out about this issue or talk about the reasons why we’ve taken the decisions we have. That’s been very difficult for us all; we know how important the Ricoh Arena and the Sky Blues are to Coventry people and how desperate people are for us to do what we can to find a solution.
“We’re clear about our priorities; our primary focus is to support the development of a very important asset for the city, continue the regeneration of this part of Coventry. We also want a successful and sustainable football club playing at the Ricoh. Our aim is to work hard to deliver this.”
More to come.
torchomatic
Well-Known Member
Doubt it means anything has changed in respect of us returning to the Ricoh. I await the next ridiculous Fisher statement.
deanocity3
New Member
Quantim of Sisu
sky blue john
Well-Known Member
Why don't you just say you were wrong with your previous comments ?
D
Deleted member 5849
Guest
Wrong in what way?!?
torchomatic
Well-Known Member
covcity4life
Well-Known Member
finally lol
oldskyblue58
CCFC Finance Director
even awarded costs to Council & ACL I believe - so SISU get to pay for the experience
Assuming they dont get leave to appeal by Thursday
Assuming they dont get leave to appeal by Thursday
deanocity3
New Member
as the judge said unlawfully withholding the rent, Will ACL say come back to the ricoh or we'll take you to court to get our unlawfully withheld rent back
Danceswithhorses
Well-Known Member
ha ha...so eloquent :claping hands:Fookin happy days.......suck on that one you fat slimy twat
MusicDating
Euro 2016 Prediction League Champion!!
So now a court of law has noted the "withholding of lawfully owed rent by SISU as a means of exerting pressure on ACL in commercial negotiations", ACL might want to politely ask the FL again why they sided with SISU...
olderskyblue
Well-Known Member
sky blue john
Well-Known Member
I should imagine they will appeal the costs on both sides would have been quite hefty.
I wonder which of the three companies will foot the bill, Arvo,Sisu or ccfc holdings ?
sky blue john
Well-Known Member
Your winners paying costs comment !
CarpyCov84
New Member
This should shake the football league that a court has sided with ACL...
ACL should get these SISU morons back into court & sue for the withheld rent ASAP - CRUSH THESE SCUMMY RATS !!!
ACL should get these SISU morons back into court & sue for the withheld rent ASAP - CRUSH THESE SCUMMY RATS !!!
The Prefect
Active Member
I can't imagine that SISU won't appeal. Their strategy (and there is plenty of evidence for this) is to 'litigate to intimidate' so I have no reason to believe they won't take this to the next level just to keep the pressure on.
Danceswithhorses
Well-Known Member
more like orifice
D
Deleted member 5849
Guest
You're not concerned as we head down the path of litigation and litigation, that the losers won't exist to pay the costs?
Delboycov
Active Member
No surprises here and it will be interesting to hear Fisher's response to this although I'm sure he'll find a way of just adding this to the list of crimes committed by ACL/CCC against the club....On second thoughts I'd just like him to shut his mouth for a change and say nothing....you've been beaten on this one and your clear plan to distress ACL has taken a possibly terminal setback so save your patronising, untruthful, blame deflecting crap for those that are fooled by your constant BS...and there's very few of those left now!
Eightyseven
New Member
Judicial Review Breaking News
SISU & CCFC's application for a judicial review by the High Court into the Council's decision to restructure ACL's loan from Yorkshire Bank 'robustly REFUSED'...
SISU & CCFC's application for a judicial review by the High Court into the Council's decision to restructure ACL's loan from Yorkshire Bank 'robustly REFUSED'...
Senior Vick from Alicante
Well-Known Member
“We’re clear about our priorities; our primary focus is to support the development of a very important asset for the city, continue the regeneration of this part of Coventry. We also want a successful and sustainable football club playing at the Ricoh. Our aim is to work hard to deliver this.”
Its also nice to see from this line of the statement that their is a conscious effort from all sides in the council to get it sorted. Sisu may have bitten off more than they can chew now, it also gives more ammo to the league to with hold the golden share from Otium, the line of "with holding rent to distress" is quite pertinent. It shows Sisu were not quite truthful in their submissions to league about being forced out. Fit and proper I don't think so. NOPM
Its also nice to see from this line of the statement that their is a conscious effort from all sides in the council to get it sorted. Sisu may have bitten off more than they can chew now, it also gives more ammo to the league to with hold the golden share from Otium, the line of "with holding rent to distress" is quite pertinent. It shows Sisu were not quite truthful in their submissions to league about being forced out. Fit and proper I don't think so. NOPM
negotiations
If I was ACL I would be hard in negotiations now see how SISU like it, SISU were offered £150000 a year on condition of signing CVA and dropping court case ,now CVA hasn't been signed(loosing ACL £590000) and court case has been thrown out I would say to Timmy and Joyless when they come begging ,sorry the price just doubled with 5 years in advance.
If I was ACL I would be hard in negotiations now see how SISU like it, SISU were offered £150000 a year on condition of signing CVA and dropping court case ,now CVA hasn't been signed(loosing ACL £590000) and court case has been thrown out I would say to Timmy and Joyless when they come begging ,sorry the price just doubled with 5 years in advance.
covcity4life
Well-Known Member
yeah fuck coventry city f.c!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
We are a.c.l say we are a.c.l!
skybluehugh
New Member
Now, now, no body likes a sore loser. They tried, they got told to feck off. Great result.
D
Deleted member 5849
Guest
Seriously...
READ WHAT I SAY BEFORE DECIDING ON MY BEHALF OR STFU WITH THE STUPID PETTY COMMENTS!
Nonleagueherewecome
Well-Known Member
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