lordsummerisle
Well-Known Member
Is ACL not now a totally private company?
Thank fuck for that, the whole Wasps thing just a horrible dream.
You mean where I say it can only be state aid if the loan is to a private company?
Considering the time it must have taken for you to find that its pretty disappointing. Its a bit like RFC's smoking gun.
Who do you support Ron? Because it sure ain't my club.
Different scenarios completely but use it as a comparison if you like, there's a good clown.
Is the oral one automatic now or direcessionary?
yep, if only they had charged us £10m in rent, and then sold the management company to an out of town rugby club for nearly half of that amount. What generosity.
Is ACL not now a totally private company?
Thank fuck for that, the whole Wasps thing just a horrible dream.
OK your on the wind up so we'll leave it here I think.
One last time and maybe it will sink in.
Public money lent to public body - Can't be state aid.
Public money lent to private company - Can be state aid, but not automatically.
The CCC loan to acl was proven in court to not be state aid.
Understand?
Isn't the issue not whether it was state aid, but whether it was illegal state aid?
OK your on the wind up so we'll leave it here I think.
One last time and maybe it will sink in.
Public money lent to public body - Can't be state aid.
Public money lent to private company - Can be state aid, but not automatically.
The CCC loan to acl was proven in court to not be state aid.
Understand?
Pathetic.
Please show the evidence whether profitable without legals or not
Sisu had to pay £250,000 costs last time at court, yet this will have not been paid in those years account as the court case costs were paid by the council at the time.
I await your evidence
The costs SISU paid were never due to ACL as the case was against the Council, only the Council were awarded costs.
I'm sure ACL would have borne some costs, I'd guess at less than £100k, but only guessing.
You mean where I say it can only be state aid if the loan is to a private company?
Considering the time it must have taken for you to find that its pretty disappointing. Its a bit like RFC's smoking gun.
no. rt is right.I could be wrong but I think if it was state aid that's what made it illegal.
I stand corrected siryet still state that the business would not have lost money had the rent been paid
Now before some go off on about the rent being to high, The business was set up within the income streams it was due and in due course it restructured that to a more affordable loan when sisu did not pay. A sensible business move surely
Ah, the classic response to being shown evidence that you said something you claimed you didn't on a forum.
"Bet that took you ages you nerd"
Absolute bollocks and you know it. Why are you so intent on defending these cretins. No other council in the country would be willing to fuck over the local football team like these shady fuckers have. Most councils see their football teams as an asset to their towns or cities, shame Coventry City council don't see ours that way.
Especially as I quoted him back to himself in my very first response to this thread.
Not my fault he doesn't remember what he says, then argues with himself that he's a bit of a twat and doesn't understand himself.
Ah, the classic response to being shown evidence that you said something you claimed you didn't on a forum.
"Bet that took you ages you nerd"
Yes you are pal, you're a spineless bastard more concerned with spite for a hedge fund than you are about the plight of the club. But its not a moral stance is it Ron? The hedge fund who own Wasps are fine and dandy with you!
Yes you are pal, you're a spineless bastard more concerned with spite for a hedge fund than you are about the plight of the club. But its not a moral stance is it Ron? The hedge fund who own Wasps are fine and dandy with you!
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.
I thought they were going to remortgage by being the mortgage lender....that is not discharging the debt. That's is like saying CCC discharged the debt. Discharging the debt is when it is forgiven or written off.
Perhaps he meant they were going to discharge the debt into CCFC meaning ACL was debt free?
Perhaps he meant they were going to discharge the debt into CCFC meaning ACL was debt free?
Where have I claimed I didn't say it?
Please stop making up lies about what I have said.
LMAO at legal 'experts' like Summerisle. The facts have been considered at length by real legal experts, Sisu lost, wipe away those tears.
...and for once hold to account those responsible for the well being of the club and the state it's in, the owners.
Name calling on an internet forum proves your not spineless I suppose?
Somebody else who can't read.
I wasn't the "legal expert" who said it, bigfatron was.
However he's now disagreeing with his own "expert" legal opinion as it doesn't now fit the narrative.
Sisu are cunts, should never have been involved with the club at all, but absolving any others of any responsibility, and in fact like many, actively cheering their deceit and bringing in of a loss-making London sports franchise owned by a hedge-fund to the detriment of local sport, and their own loyal supporters who now have to travel a 100 miles to see their team play at "home" is a bit bizarre to say the least.
It is exactly what they proposed to do, either all or 50%, whichever the council wanted.
CCC then decided to do it themselves, thus taking all risk on the mortgage.
Understandable a little when they had a stake in the company, not at all now.
You started it Ron... another who can dish it but can't take it?
So the club would have still been paying rent while having it's debt increased by a few million from the YB bank loan being discharged into it and presumably SISU or ARVO were also going to lend the club the money to buy the Higgs share too. How was the club going to be better off under the SISU master plan?
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