Brighton Sky Blue
Well-Known Member
Just out of interest is there a contractual agreement for the money to be in an Escrow account? If not I assume SISU can withdraw it at any time? Is the Escrow actually under FL control? or is it still under SISU control? The control is important because if it sits with SISU's solicitors then even if the FL say pay it then it doesn't mean that SISU wouldn't challenge legally and delay that payment.
One thing I have learnt with this whole affair is that if SISU point you to look at something then the reality is you need to be looking at something else to know what is going on ....... SISU say in this statement look at the £590k ................... :thinking about:
From what I remember one of the old CCFC entities, probably Ltd, had an obligation to keep the escrow filled but this was a separate account held with ACL and contained £525k. This seems to be a new one where the money serves as a bond of sorts with the FL in exchange for the GS. Not clear who has control.