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    Judicial review thread - day 2

    Council QC says Deloitte and PWC both saw scope for cost-cutting at ACL to allow it to become sustainable.
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    Judicial review thread - day 2

    Council QC referring to council and ACL documents which he says shows they believed loan would allow ACL to offer lower rent to CCFC.
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    Judicial review thread - day 2

    Simon Gilbert @TheSimonGilbert · 47s Coun QC reads out council comms which seem to show they believed council / ACL loan deal would give club more room for manoeuvre with rent.
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    Judicial review thread - day 2

    Council QC referring to Cov Tel Jan 17 story about CCFC wanting talks with ACL after the council loan deal had been done. He says Sisu went back on £400,000 rent deal after the loan deal. “Sisu scuppered plan A.” “A disastrous decision by Sisu.” Club’s decision to renege on rent deal led to...
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    Judicial review thread - day 2

    perhaps he means worse than “kills the claimants’ case on state aid??????
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    Judicial review thread - day 2

    Council QC says Yorkshire Bank’s decision to offer a restructured £15.5m loan to ACL “kills the claimants’ case on state aid stone dead.” Council QC says Sisu’s case is that the council should have accepted their offer on their terms. Judge cuts in and says it was “worse than that” as Sisu was...
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    Judicial review thread - day 2

    Simon Gilbert@TheSimonGilbert · 1m Sisu argument was that they could have better negotiated with the bank. Coun QC says bank rejected later offers of 6 and 12m
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    Judicial review thread - day 2

    Simon Gilbert@TheSimonGilbert · 10s Judge says Sisu case "seems worse than that" as Sisu was only prepared to offer bank 4-5m for bank loan.
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    Judicial review thread - day 2

    fully stocked fridge of beer and food here :D
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    Judicial review thread - day 2

    Simon Gilbert@TheSimonGilbert · 1m Coun QC says Sisu paint picture the only option council had was to do business with them. Council disagreed.
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    Judicial review thread - day 2

    Simon Gilbert@TheSimonGilbert · 1m Council QC says fact Yorkshire Bank offered 15.5m loan to ACK kills Sisu state aid claim "stone dead"
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    Judicial review thread - day 2

    In coundon court :D reading twitter
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    Judicial review thread - day 2

    Council QC points out ACL has kept up to date with the loan for the last 18 months.
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    Judicial review thread - day 2

    Simon Gilbert@TheSimonGilbert · 4m Coun QC also blames Sisu for breakdown of deal for part of ACL in 2012 for failing to meet conditions of heads of terms agreement
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    Judicial review thread - day 2

    Council QC says there are two brief answers to Sisu’s case. Council was not obliged to do a deal with Sisu. Council did explore deal with Sisu but it never came off. In January 2013 council had to act.
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    Judicial review thread - day 2

    Council QC says it acted within its “wide parameters of discretion” with regard to state aid. One of ACL’s income streams was its rent and licence fees “which Sisu bought into with eyes wide open.” Sisu created a situation in which ACL and the council’s interest in ACL were under threat
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    Judicial review thread - day 2

    Simon Gilbert@TheSimonGilbert · 32s Coun QC says Sisu engineered situation where ACL and council investment was at risk through club's rent strike.
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    Judicial review thread - day 2

    Coun QC "Sisu may believe they are God's gift to Coventry. Others are entitled to be sceptical."
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    Judicial review thread - day 2

    only way we will get into europe
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    Judicial review thread - day 2

    Sisu QC closes by saying ACL move to put club into receivership was "suicidal". Council QC on feet now.
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