You mean like Northampton Councils loan to Northampton Town FC for their ground extension?
Neither do I but you're conveniently ignoring the point that local authorities lend money to private business all the time and within state aid laws.
You said it in relation to the CCC loan to ACL, ACL is now a totally seperate private body, who should repay the loan to the local taxpayers, either through their own funds(if they have them), or through their own borrowing(if they can get it).
Local taxpayers should not have their funds put at risk for the benefit of a private enterprise.
Of course Wasps should have no problems raising the finance with such a good business.
Do you think a fantastic organisation with excellent marketing and a great business opportunity be given state aid?
Technically the local council own Sixfields.... so they were providing money to develop the stadium for themselves but to benefit NTFC.
Can you see the theme here... local council supportive of football club means better outcomes all round.
Shame the bird from Benidorm couldn't see it.
Do you think a fantastic organisation with excellent marketing and a great business opportunity be given state aid?
Technically the local council own Sixfields.... so they were providing money to develop the stadium for themselves but to benefit NTFC.
Can you see the theme here... local council supportive of football club means better outcomes all round.
Shame the bird from Benidorm couldn't see it.
Can someone explain what lying about the account of ACL showing a loss of 400k affects ccfc?
Sisu were going to discharge the loan, so no public money would have been involved. Pretty much argues the case entirely for the offer Sisu put in.Hardly argues a case for the offer/s SISU put in then does it?
You said it in relation to the CCC loan to ACL, ACL is now a totally seperate private body, who should repay the loan to the local taxpayers, either through their own funds(if they have them), or through their own borrowing(if they can get it).
Local taxpayers should not have their funds put at risk for the benefit of a private enterprise.
Of course Wasps should have no problems raising the finance with such a good business.
Sorry but the law doesn't work like that.
The contract was between CCC and ACL. That contract still exists, ownership of ACL is irrelevant to that.
The only time ownership of ACL comes into this is when discussing CCC's motive for offering the loan, which was based on the circumstances of January 2013, not events 20 months later.
Technically the local council own Sixfields.... so they were providing money to develop the stadium for themselves but to benefit NTFC.
Can you see the theme here... local council supportive of football club means better outcomes all round.
Shame the bird from Benidorm couldn't see it.
The contract was between CCC and ACL. That contract still exists, ownership of ACL is irrelevant to that.
When the JR was held and it was claimed that ACL could have got a loan from a private lender instead was any evidence actually produced to back this up? Did they have an offer or anything from a lender to prove their argument or are we just taking the councils word for it?
I don't give a fig for the truth as it is all in the past!And, to be fair, all those who have ever wanted the truth should support it. If, as we all say on here we want the truth then hopefully these revelations will help us get it. Regardless of whether we like what we hear or not.
Do you mean that it does work like that when you use it to support the argument that it wasn't state aid, but doesn't when it doesn't?
Some people have suggested that the loan to a Wasps owned ACL isn't the same loan, certainly the terms have changed. Of course as they have nothing to hide CCC have refused to state if is the same loan or a new one. There could also be an arguement made that at the point CCC loaned the money to ACL they were fully aware of the impending change in ownership.
But it wasn't state aid was it? That has been proven.
Yorkshire Bank refused to write off any of ACL's debt as YB believed ACL was in a position to meet its obligations.
Do you mean that it does work like that when you use it to support the argument that it wasn't state aid, but doesn't when it doesn't?
weren't there documents from Yorkshire bank showing they were prepared to restructure the loan? isn't the jr verdict available on this site? would help clear up some of the nonsense including les reid's assertion about sisu being willing and able to write off the bank loan.When the JR was held and it was claimed that ACL could have got a loan from a private lender instead was any evidence actually produced to back this up? Did they have an offer or anything from a lender to prove their argument or are we just taking the councils word for it?
Technically CCC own the Ricoh site.
Yes I see the theme. Do you remember when CCC bailed out CCFC after we'd sold HR and couldn't afford Arena 2000?
If YB has no worries about ACL meeting it's obligations why was the new loan even needed? It was supposed to be as there was a concern the loan would be called in as YB were getting worried about ACL's ability to pay, which seemed to coincide with a senior member of staff moving from one organisation to the other..
If YB has no worries about ACL meeting it's obligations why was the new loan even needed? It was supposed to be as there was a concern the loan would be called in as YB were getting worried about ACL's ability to pay, which seemed to coincide with a senior member of staff moving from one organisation to the other..
Yes I do.
I also remember CCFC paying around £10m in rent between 2005 and 2012 and gaining 0% revenue and 0% ownership in that time.
How much did Wasps pay again for the whole lot?
Whether you hate SISU or not... your defence of the council is shameful
simon has confirmed that sisu are pressing for an oral appeal.......sigh
Yes I do.
I also remember CCFC paying around £10m in rent between 2005 and 2012 and gaining 0% revenue and 0% ownership in that time.
How much did Wasps pay again for the whole lot??
Whether you hate SISU or not... your defence of the council is shameful
In light of recent revelations, including today's, why the fuck wouldn't they? I hope they win and I hope heads roll at the council house.
Think it was stated during JR that YB would have renegotiated on different timescaleWhen the JR was held and it was claimed that ACL could have got a loan from a private lender instead was any evidence actually produced to back this up? Did they have an offer or anything from a lender to prove their argument or are we just taking the councils word for it?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?