Danceswithhorses
Well-Known Member
Feel free to correct me if i am wrong, but aren't CCC charging ACL more interest than than they are paying ?
Feel free to correct me if i am wrong, but aren't CCC charging ACL more interest than than they are paying ?The council borrowed the money themselves and also have to repay with interest. All cancels each other out if ACL repay.
But is loaning money to a company that you own 50% of distorted competition? That is the part I can't get my braincell around.
Simon Gilbert @TheSimonGilbert · 45s CCFC not able to access documents from individual councillors including Mutton and Duggins judge rules.
Who knows. . Possibly. The court is to decide I suppose.
Deary me. Really?
Fair enough. Let's get on with the JR.
Another big if is people on here state that if SISU got the Ricoh then they would liquidate the club. Doesn't stop them using it as a cast iron fact.
But is loaning money to a company that you own 50% of distorted competition? That is the part I can't get my braincell around.
This bit is interesting. I always thought that CCC didn't borrow the money but used funds they already had in reserve?
The Council to use its prudential powers to borrow the sum of £14.4 million.
The Council to provide a loan of £14.4 million to Arena Coventry Limited.
I guess this outcome doesn't matter too much and nothing has changed from before this court date so we go into the JR still on june 10th. I didn't hear it was indeed pushed back which would be a blow for everyone including us fans.
Liquidation is always a possibility. Only an idiot would say differently.
IS someone not looking for a resolution here ?
Nitpicking surely? There is still a £14M sized hole in the councils' coffers.
I think the idea is that the loan is secured against an asset (the lease) and should SISU default the council gain possession of an asset of greater value than the outstanding balance.
CCFC QC states desire to retain June 10th JR date....
CCFC QC wants 2500 documents to be considered, it's important for context....
Maybe a slight contradiction.. ??
Application to submit Miss Seppala's 110 page statement and 1,000 pages of illustrations dismissed by judge
Looking bad for sisu folks.[/QU
2-0......
Simon Gilbert @TheSimonGilbert · 50s Judge says it's not relevant and came late. If he'd accepted would almost certainly have delayed June 10 JR
3-0.......
Bring on the subs ,take Rodrie off.
They certainly need a Palace-esque last few minutes to be able to spin this as anything other than a defeat.
Simon Gilbert @TheSimonGilbert · 1m Costs will be decided at end of JR. Including costs of today's hearing.
Yep the whole relevance of the JR ,we can't answer only the judge and it looks possible to be kicked again Into the long grass .
IS someone not looking for a resolution here ?
Simon Gilbert @TheSimonGilbert · 1m Costs will be decided at end of JR. Including costs of today's hearing.
important to state that the costs aren't 1m.... that was the time since Simon tweet
Think it may have been or an in house version, I've definitely used GE somewhere though.Was that 'GlobalExpense' by any chance??!
Those on here who contradictthemselves to defend the council at all costs are unbeliveable.
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