How did ccc stepping in save ACL 5 million? They owed 14 million on the loan + a figure for interest. ACL still have to pay interest on the new loan. Whilst it improves the cash flow situation has it saved them 5 million?
I've known a fair view. Richardson was Arsenal. In fact Robbins family aside I don't remember any of them being long term city fans. Stand to be corrected.
right - yesterday the Higgs barrister said Higgs valued their shares at 7.5 million (see Simon Gilbert twitter) - why was 5.5 million a good deal for Higgs?
Would this financial report referred to yesterday be available under FOI? I can't see what other new information came out yesterday. The time line Of Events seems to be pretty much what PWKH posted on here last year.
If the mortgage was available for 8 million why did it end up costing the council 14 million? At what point did the council discuss selling their part of the acl to SISU for 8 million?