James Smith
Well-Known Member
Tim said the following in a written Q&A session with the Coventry [Evening] Telegraph
Okay why didn't he produce the signed documents as evidence in court? I always thought that would be his Smoking Gnu and yet nothing appears to have ever been published proving this deal ever took place - Why not?
Have they been stored in the same place as the plans for the White Elephant Stadium?
http://webcache.googleusercontent.c...43+&cd=1&hl=en&ct=clnk&gl=fr&client=firefox-aTF via CET said:In an attempt to put both the club and ACL on a sound financial footing we had a series of meetings in 2012 aimed at resolving the financial difficulties facing both parties.
As part of this, we reached agreement with the council to buy out the ACL debt in return for a half share in the stadium business and extension of ACL’s lease to 125 years, which means it remain 100 per cent council-owned – we would just access the revenues, which is crucial.
This deal was documented, signed by all parties and then reneged on by the council. The council made the problem even worse by then using public funds, something that is now subject to the judicial review proceedings.
Okay why didn't he produce the signed documents as evidence in court? I always thought that would be his Smoking Gnu and yet nothing appears to have ever been published proving this deal ever took place - Why not?
Have they been stored in the same place as the plans for the White Elephant Stadium?