Mean while back in court (16 Viewers)

[Astute]

And is that wrong?

By the look of it some think it is OK for a hedge fund to play with the law and everyone else play by the letter of the law. In other words one law for one and another for everyone else.

 

---

[shy_tall_knight]

But hey "both parties are to blame"[/QUOTE]

But surely we are all agreed on this. There are so many on here who are prepared to support SISU over CCC. Whilst the court case may rule against CCC, look where SISU have taken us and what are future prospects are. If SISU winning a legal case gives some of you some comfort that is great but when we start next season most likely IMO our 5th season in the third division, with all prospect of owning a ground lost. Not sure how SISU winning can ever put right the shambles that we find ourselves in.

 

[Moff]

SISU are not innocent in all of this. They kept forcing the issue using unethical methods. So now they are after recompense because their unethical methods failed. And they are after compensation off CCC. If they succeed and damages are awarded against CCC where does the money come from?

So yes I will be angry if the people who need services have cuts to pay for faceless Investors who have played a part in all of this.

Two wrongs dont make a right.

Sisu are shits of the highest order, I dont think that needs discussing further, but if the council have done wrong then that is the Councils responsibility and no one elses no one made them do it, well unless someone held that cliched smoking gun to their heads.

 

[Moff]

Hedge funds should be more accountable & held to higher standards, don't you agree?

Hedge funds should be more accountable, but then so should elected officials.

 

[Moff]

Of course hedge funds play, why do you think they bank in the Caymen Islands!

Because the weather is nicer than the Isle of Man?

 

[Astute]

Two wrongs dont make a right.

Sisu are shits of the highest order, I dont think that needs discussing further, but if the council have done wrong then that is the Councils responsibility and no one elses no one made them do it, well unless someone held that cliched smoking gun to their heads.

CCC did do wrong. And having the latest court case go their way will not change this.

 

[Moff]

CCC did do wrong. And having the latest court case go their way will not change this.

I agree, the whole thing is such a sorry mess. The main losers as usual seem to be us the long suffering fans.

 

[Liquid Gold]

They had supporters direct working with their pr company, think that's quite telling.

I used to read on here at the time it was all going on but it seemed a bit of an endless argument. Do you have any idea if there we're actually any accounts controlled by a PR company?

 

[Nick]

By the look of it some think it is OK for a hedge fund to play with the law and everyone else play by the letter of the law. In other words one law for one and another for everyone else.

Who has said that? Aren't there different laws and rules for councils?

 

[Astute]

Who has said that? Aren't there different laws and rules for councils?

Are you saying that you are happy with the way that SISU have done things because they have different laws and rules to councils? I'm not. But you keep pulling me up because of it.

 

[Nick]

Are you saying that you are happy with the way that SISU have done things because they have different laws and rules to councils? I'm not. But you keep pulling me up because of it.

You said it is one rule for one and the other. In this case it actually is as one is a council.

If sisu have broken rules I want them up in court to be judged too.

It's a good job neither are judged on morals.

If they are found to be in the wrong for state aid it is entirely their fault isn't it? the state aid entirely their fault, before anybody twist it.

That's the point I was trying to make, but it seems to be getting a bit lost.

 

[Astute]

You said it is one rule for one and the other. In this case it actually is as one is a council.

If sisu have broken rules I want them up in court to be judged too.

It's a good job neither are judged on morals.

If they are found to be in the wrong for state aid it is entirely their fault isn't it? the state aid entirely their fault, before anybody twist it.

That's the point I was trying to make, but it seems to be getting a bit lost.

So why can't I be angry with both of them whatever the judges decide?

 

[Nick]

So why can't I be angry with both of them whatever the judges decide?

My point is angry for what, you can't be outraged at sisu if it is state aid surely? The same as you can't be outraged at the council for Madison being sold.

I'm not saying why would anybody be angry full stop.

 

[Astute]

My point is angry for what, you can't be outraged at sisu if it is state aid surely? The same as you can't be outraged at the council for Madison being sold.

Where do you want me to start? Their actions caused all of this.

I see the line you added

 

[Nick]

Where do you want me to start? Their actions caused all of this.

It started years before sisu were even here, surely you judge each action?

Sisu have no control over whether the x council gave state aid or not. Unless we start getting angry at the council for silly rent prices forcing us to sell Madison?

 

[Grendel]

Where do you want me to start? Their actions caused all of this.

I see the line you added

No they certainly caused none of it. They've done nothing to resolve it (other than end a lease than strangled the club I suppose)

 

[Sick Boy]

It's bizarre that no one appears to be concerned that the council have now got into bed with hedge funds twice?

If hedge funds are so dodgy then why are no questions as to why sisu were ccc's prefered bidder? Then now they've done business with a Maltese hedge fund.

 

[dongonzalos]

It's bizarre that no one appears to be concerned that the council have now got into bed with hedge funds twice?

If hedge funds are so dodgy then why are no questions as to why sisu were ccc's prefered bidder? Then now they've done business with a Maltese hedge fund.

This second to deal do the council have anything to do with them now.

 

[Nick]

This second to deal do the council have anything to do with them now.

Yes, they are their landlord.

 

[dongonzalos]

It started years before sisu were even here, surely you judge each action?

Sisu have no control over whether the x council gave state aid or not. Unless we start getting angry at the council for silly rent prices forcing us to sell Madison?

Do you think the council knew they were doing wrong (if they have) when they did it?

 

[Sick Boy]

Do you think the council knew they were doing wrong (if they have) when they did it?

Yes of course.

 

[Nick]

Do you think the council knew they were doing wrong (if they have) when they did it?

Did they get independent advice to double check?

Whether they thought it was right or wrong, if it is judged to be wrong it is wrong isn't it?

 

[Hobo]

Yes of course.

Is this not a test case? If so that would suggest the council might not know, as there was no legal president.

 

[chiefdave]

Do you think the council knew they were doing wrong (if they have) when they did it?

Legally or morally? I would say if the council were doing everything above board there wouldn't be a need for secret deals with the local media to suppress their reporting.

 

[dongonzalos]

Did they get independent advice to double check?

Whether they thought it was right or wrong, if it is judged to be wrong it is wrong isn't it?

That didn't answer my question
Do you think they knew it is wrong (if it is) when they did it?

 

[dongonzalos]

Legally or morally? I would say if the council were doing everything above board there wouldn't be a need for secret deals with the local media to suppress their reporting.

Legally.
Morally I don't think they have an issue

 

[Nick]

That didn't answer my question
Do you think they knew it is wrong (if it is) when they did it?

I have no idea do I?

Do you?

 

[dongonzalos]

I have no idea do I?

Do you?

To be honest. No I don't think they would have done it if they didn't think they were on sound legal footing.

 

[Sick Boy]

Is this not a test case? If so that would suggest the council might not know, as there was no legal president.

What a pathetic excuse!!

 

[Hobo]

Did they get independent advice to double check?

Whether they thought it was right or wrong, if it is judged to be wrong it is wrong isn't it?

Have you read the regulations? They are totally unclear. They say you should take advice if you are unsure? What if you are not unsure but wrong?

 

[Nick]

Have you read the regulations? They are totally unclear. They say you should take advice if you are unsure? What if you are not unsure but wrong?

Did they get any outside / independent advice at all?

I wouldn't risk 14 mill of tax payers money if something was unclear.

That's if it IS actually wrong...

 

[Sick Boy]

I wish that the rest of us could get away with the same excuse!!

 

[Astute]

I wish that the rest of us could get away with the same excuse!!

Do you mean look for a house you would like that somebody has a mortgage on and try and negotiate with the mortgage lender at a much lower amount so you can take over ownership of the house without the legal home owners permission?

 

[Specs WT-R75]

Not at all. The administrator will need to do exactly what the council should have done with the sale of ACL and achieve the best possible price. The way to achieve that is to properly market the sale to attract as many bids as possible not do a deal in secret working with the local media to keep things quiet.

This still angers me to this day. But of course Gilbert will let us all know how impartial the Tel is at holding the council to account.

I think you're making the mistake that the administrator/liquidator would be there to serve CCFC. They're there to serve the creditors and them alone.

If Wasps were waiting in the wings as suggested they would have been ready with a deal surely?

You've fooled yourself into believing that SISU are the only show in town again. Doing the same thing expecting different results. There's a saying about that isn't there?

At least CCFC would have had a level playing field. As we saw with the sale of the Higgs share we offered fractionally more but still got overlooked...

You could argue that a bidding war for ACL might also have achieved a better outcome for tax payers money if there really was strong interest from Wasps back then.

 

[chiefdave]

Do you mean look for a house you would like that somebody has a mortgage on and try and negotiate with the mortgage lender at a much lower amount so you can take over ownership of the house without the legal home owners permission?

This happens all the time. What do you think caused the financial crisis? Loans and mortgages are bought and sold by banks constantly.