Judicial review thread - day 2 (11 Viewers)
- Thread starter AFCCOVENTRY
- Start date
stupot07
Well-Known Member
An interesting tidbit. So the £400k not a great deal then.
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
The Reverend Skyblue
Well-Known Member
Do you intend to launch any personal attacks on any posters on this site today ?
sky blue john
Well-Known Member
I take it that the money if won will go to charity or the Coventry tax payer ?
AFCCOVENTRY
Well-Known Member
An interesting tidbit. So the £400k not a great deal then.
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
I guess it was 3 years rent for the price of 1 year
hill83
Well-Known Member
Dry your eyes fella. World Cup starts this week.
AFCCOVENTRY
Well-Known Member
@TheSimonGilbert: Sisu QC says bank letter declaring ACL in default of loan in Dec 12 was relevant information not provided to councillors.
Danceswithhorses
Well-Known Member
Is this the one where TF shook hands on the deal, then subsequently said it wasn't an acceptance, just a farewell gesture lol ?
fernandopartridge
Well-Known Member
One thing that has come out so far is that more than half of ACL's value derives from CCFC. Yet CCFC benefit from none of it, ludicrous state of affairs. Not saying it should be handed over for nothing either!
Sky Blue Dal
Well-Known Member
I don't think the Yorkshire Bank wanted them to settle there debts with them as they are more interested in keeping the mortgage going. The longer they have the mortgage is with them the more they benefit financially. The fact that the Yorkshire Bank was trying to put them off in doing this is an example how these capitalist banks work.
Why else do home owners with a mortgage have to pay for a get out clause if they want to pay off there mortgage early. Because the banks lose out.
Mary_Mungo_Midge
Well-Known Member
'Sisu QC says ACL continued to string club along on rent negotiations in Dec 12 after knowing debt was to be sold to council'
Again, I can't understand this. In what way is the landlord's negotiations with it's fund provider in any way linked with the landlord's negotiation with it's tenant? I simply cannot understand on what basis this is drawn.
Again, I can't understand this. In what way is the landlord's negotiations with it's fund provider in any way linked with the landlord's negotiation with it's tenant? I simply cannot understand on what basis this is drawn.
sky blue john
Well-Known Member
Tomorrow actually.
AFCCOVENTRY
Well-Known Member
Judge said yesterday acl have every right to pursue different avenues to ensure right deal for acl.
Rob S
Well-Known Member
Have to say, I've heard nothing in the case so far to give me any reason to change my mind from the view that this can only be sorted out around the negotiating table rather than in the court room.
I think it's been martcov who has talked a lot about dropping the JR and I think that getting it out of the way (even if there are appeals) will be a step forward to getting some progress.
I think it's been martcov who has talked a lot about dropping the JR and I think that getting it out of the way (even if there are appeals) will be a step forward to getting some progress.
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AFCCOVENTRY
Well-Known Member
@TheSimonGilbert: Sisu QC made big play of fact ACL directors served on board of ACL and worked for council at time of bank negotiations to secure better deal
fernandopartridge
Well-Known Member
Is that next week?
Mary_Mungo_Midge
Well-Known Member
Of course they have. All of the talk was of some 'secret deal' hatched between SISU and ACL with a view to disadvantaging the bank with a view to SISU then stepping in and enjoying a cut-price bonanza. This really would have been the 'smoking gun' often discussed on here. But those allegations don't seem to be true in the slightest. Or at least haven't seen the light of day as yet. And to be frank, if they had a slither of truth to them, they'd be out by now, surely?
rupert_bear
Well-Known Member
Lets hope the Judge is a member of UKIP then
The Reverend Skyblue
Well-Known Member
I think its brazil vs Croatia tomorrow straight after opening ceromany. I have verbally betted that Croatia will be the worst divers in the compo.
Its quite difficult to get excited about this world cup for some reason
sky blue john
Well-Known Member
Even if it did happen wouldn't that amount to fraud and put Sisu in as much trouble as Acl ?
shmmeee
Well-Known Member
I find it helps to think of all the controversy about building new stadiums.
Then you feel right at home.
fernandopartridge
Well-Known Member
That isn't the smoking gun is it? Never was my opinion. The fact an almost equivalent offer from YB was on the table before CCC bought out the loan is bigger news.
Which is why they have chosen national court as venue. Unlike the EU court of Justice the national court can rule on damages and compensations.
AFCCOVENTRY
Well-Known Member
@TheSimonGilbert: Sisu say briefing note from finance team to councillors ahead of loan decision focused on politics not commercial information.
@TheSimonGilbert: Council QC disagreees. Says commercial aspects were covered.
@TheSimonGilbert: Council QC disagreees. Says commercial aspects were covered.
shmmeee
Well-Known Member
Did YB know about Sisu's intention to liquidate?
If you're looking at the decision made at the time, wouldn't it be reasonable to suggest that the council were planning for the worst case scenario of no CCFC and YB weren't?
(genuine question, I've not been following what YB were privy to)
AFCCOVENTRY
Well-Known Member
Love this from Judge...
@TheSimonGilbert: Judge says councillors entitled to consider politics in decision making process for 14.4m ACL loan as they are politicians.
@TheSimonGilbert: Judge says councillors entitled to consider politics in decision making process for 14.4m ACL loan as they are politicians.
AFCCOVENTRY
Well-Known Member
Lol...how do you think the fans feel mentally Steve?
@AndyTurnerccfc: Steve Waggott believes Cyrus Christie has mentally "checked out" at City as he looks for Championship move #skyblues
http://t.co/C4InHIodGs
@AndyTurnerccfc: Steve Waggott believes Cyrus Christie has mentally "checked out" at City as he looks for Championship move #skyblues
http://t.co/C4InHIodGs
wes_cov
New Member
Think the Judge will be the only one coming out of this whole farce with any credit to be honest
Mary_Mungo_Midge
Well-Known Member
Gilbert's Tweet this morning: Had a peek at Sisu's skeleton argument. Main thrust is terms of council/ACL loan were "wholly uncommercial" contrary to EU state aid law
How can it be uncommercial, if YB made an 'almost equivalent' offer?