theferret........I could point out that SISU had negotiated a deal to buy 50% of ACL last year - agreed (in writing) by all parties, only for the council to walk away......................................................................................Put up a link please.
Where have you been? This has been talked about endlessly and TF's comments on the matter regurgitated time and time again. I'm not sure have much more to say on it.
For what it's worth, the quotes are below. All true? The lack of any sort of denial from ACL or CCC on this suggests it probably is. I doubt even TF would lie about a signed document that didn't exist, given that this very issue is the subject of a JR.
Why it matters I don't know, most people know this, and most people don't care - it's all 'ACL good, SISU bad' like some fucking Orwellian nightmare. Anyhow, the quotes you wanted (taken from a CET interview):
"We made an incredibly generous offer. ACL’s bankers were willing to support the offer which would have stopped them from foreclosing on ACL and which would have left ACL debt free, while the council’s deal has not. For reasons which are beyond us, the council then spent £14m of public money to take over as ACL’s bankers and, hence, terminated discussions."
"A deal was on the table in December last year – reached without expensive advisers – which would have provided a viable commercial solution for ACL and the club, but ACL declined it and went on to launch a series of legal measures using two law firms."
"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."
"We need to be very clear that this is not about ownership of the freehold in the stadium which would have continued to be held by the council, with the club taking back the 50 per cent interest in head-leaseholder ACL which it was always intended to have."