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We don't yet know if the Council insisted on it or not. There's clearly a chance they asked for it, but there's also the possibility they didn't. Wasps will have to pick up a significant financial bill if CCC are in the wrong. It could have been done independently of the Council. There's a...

Talks broke down as CCFC couldn't sign an indemnity that prevented them from suing CCC in the future. The indemnity didn't include Wasps. I guess much of this was known, but for me it clears up the conflicting statements of Wasps and CCFC about indemnity.

I think it clears up once and for all that the indemnity exists (after Wasps said it didn't) and now there is a definitive reason for the talks to have broken down. Maybe it's just me, but what I heard gave me more clarity, where before, there was some well founded speculation

Well it confirms a few things. People have had different points of view on whether the Council were on the NDA or not. We now know they're not. It had also been suggested Delaware were likely on it, and now we know they are

He was very explicit on who was on the NDA

He didn't say or infer anything about whether the Council had asked for the indemnity. He did use the phrase off the record and that he'd heard it from more than one place. I'd suspect his sources are Boddy and Street.

Just to be clear, Gilbert said CCC are not a party on the NDA, but are named in the indemnity that Wasps want CCFC/SISU to sign. The parties on the NDA are Wasps, CCFC, Delaware North and Andy Street

Wont' CCFC's deal be with ACL and not Wasps?

Not aware of the timings. As far as I know, you can't extend a lease, unless you actually own it. Hence why it couldn't have been offered to other parties.

Extra £1m for the extended lease, concluded after the sale.

As far as I understand it, two different transactions. Wasps bought the shares of ACL, paid off the bank debt and then subsequently issued their own bond.

They created a bond issue and people bought bonds.

If the lease is broken, the freeholder takes back the site. So yes, the Council get it back.

Yes, I've read that email. Doesn't read well. I'd be very interested to learn if the Council had any influence on this latest development. I'm glad you seem to think I know something at least.

Genuinely, I don't. How do the Council prevent a commercial deal happening between two companies?

Never change Nick, never change. I've been here the whole time and it wouldn't surprise me if you're already well aware of that.

Ok, how are the Council able to do that?

SISU don't get the Ricoh if the case is found against CCC (I know you already know that). Wasps will have to stump up the difference between what they bought it for and whatever value the EU place on the Arena. The general assumption is that they won't be able to afford it, hence having an...

I agree. There's also the longer game to consider though isn't there? Short term: New stadium annoucement = more STs at StA. Not coming back to the Ricoh = another way to dig at Wasps and put them under financial pressure

That's what I don't understand. It benefits everyone for us to be back at the Ricoh, even if it's temporary. Whatever it is that's in the way is clearly so contentious that neither/either party is prepared to tell the truth about it. If it's just a personality clash between the hierarchy (and...