I'm not sure it would be in SISUs interests to buy the lease it that way (on the unlikely event that the option was there). It would be more beneficial to buy from the administrator if the worst was to happen to ACL, and then I'm not sure that the council has any say in who picks up the lease...
I think there might have been a Hoffman consortium who put a bid in at that time.
But it all sounds too much like things are going in our favour. If I've learnt anything from the last 10+ years it's that it'll soon turn to shit!
The bond issue was secured against ACL2006 (basically the Ricoh), that was what made it attractive for investors (that and the 6.5% payment every year), as it minimised risk. Only the 250 year head lease is forfeited. ACL's lease would revert back to the original remaining 38 year lease, in my...
Absolutely, the Lawrence Arms in Southsea, 20 mins walk from the ground, camra ale and cider pub of the year for the last 2 years, so if that's your thing. Lots of home fans will be there but it's friendly.