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Sisu QC says club paid highest rent and got lowest match day revenues (none) in the league while at the Ricoh Arena.

Sisu QC says council QC didn’t respond to Sisu claims on shareholder value for the council after the loan was made.

We are back in Court 18. Sisu QC responding to what the council and ACL QCs said yesterday and today.

Simon Gilbert@TheSimonGilbert · 3s Judge clarifies state aid is about creating distortions in the market. Also says councillors allowed to consider policy in loan decision

Judge: “Council had a commercial interest in the ACL that they may have wished to protect.” Sisu QC arguing as to the value of ACL.

Simon Gilbert@TheSimonGilbert · 10s Sisu QC argues other options for ACL could have been restructured debt with bank, become insolvent or to do a deal with Sisu.

Judge was straight to the point on not paying the rent !

Sisu QC says club was financially embarrassed and the situation “couldn’t go on”. Judge responds: “It could not go on without rent being paid.” Sisu QC says club couldn’t afford to pay the rent as it was (£1.3m). “Something had to be done”. He also refers to ACL and says both they and the club...

Simon Gilbert@TheSimonGilbert · 20s Sisu QC says council loan to ACL was the worst of four available options and amounted to state aid.

Sisu QC starts his response. Says council QC’s submissions contained a “Substantial amount of bluster”.

Bus lane/black cabs/minicabs case brought up because of the European competition argument in this case. Simon Gilbert (@TheSimonGilbert) has just made the point that we’ve finally got a lot of the key people together in the same room - just not the right one. ACL QC says you can’t compare...

Simon Gilbert@TheSimonGilbert · 23s ACL man finished. Now back with Sisu QC.

ACL QC infers Coventry not as metropolitan as Copenhagen after Sisu cited case law example in that city earlier in proceedings.

Simon Gilbert@TheSimonGilbert · 19s At last ! Labovitch, Fisher, Seppala, Peter Knatchbull-Hugessen and council finance man Chris West in the same room. Just not the right one.

11:57 am Keith Perry ACL QC says this is the first state aid case in an English court not concerned with tax and regulatory matters. He thinks it is the first to focus on the private investor test. There have only been a few state aid cases in English courts. We are now onto a case involving...

Simon Gilbert@TheSimonGilbert · 25s We're still hearing about case law here from ACL QC. Thoughts wandering to the start of the World Cup tonight...

ACL QC says this is the first state aid case in an English court not concerned with tax and regulatory matters. He thinks it is the first to focus on the private investor test. There have only been a few state aid cases in English courts

Simon Gilbert@TheSimonGilbert · 59s Mark Labovitch has just arrived in court @marklabovitch

Coventry City director Mark Labovitch has just arrived. His first appearance here this week.

Now we are talking about an Italian firm called Wam, which got aid from the government. Joys favourite song ?