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It looks a desperation move from the bondholders - more that they feel it is unfair rather than a genuine legal issue. Trustee obviously has experience and the legal advice to proceed as he is.

That's some great death bowling. After Stokes last over 150 looked the minimum they'd be setting - probably closer to 160

I'll put my hands up about questioning Curran but more in the longer forms. Wasn't expecting him to have this sort of tournament.

true but their mantra is "more in hope than expectation"

More likely SISU would hold on to end of season just in case there was a sniff of promotion - and a much bigger value

Can't see any upside for Cov Rugby. They'd be competing for finite resources in an already small market.

Powerful images of Kherson inhabitants welcoming their liberators. Russians destroyed the power supply before they left. City I've been to several times. Happy it's free but they've paid huge price.

Local politicians fudging the facts. Shocker

Not surprised. This council has a history of whitewashing improper behaviour so this level of misdirection just run of the mill for them

find it very difficult to believe that negotiations over any period of time would have remained hidden +/or been kept secret from senior councillors

As soon as I saw this I thought wtf were all these council -related statements 2/3 weeks ago about not getting involved. To be honest though it doesn't seem a great long-term deal in that the 60m was to basically pay-off and re-organize debt - basically Bond mk2. The council leadership assured...

Weather forecast getting worse. Talk about it maybe even down to a small over game on Monday. Toss going to be crucial.

I've got a feeling it could be one of those years where a 11-6, 12-5 "outsider" hits form in the playoffs and wins it all. Why not the Seahawks?

Hard to imagine too many "professional" investors getting involved in a bond that's primary function was to clear debt

Don't see what leg the bondholders have to stand on. Unless they have sufficient funds to run the company, pay creditors Inc the interest due now surely ACL would have to be liquidated.?

Think that's a key issue. Probably a lot of fans/rugby people at the beginning. Also a few sharks probably started buying up when bond price fell.

Who actually pays the Trustee? Can't see "him" doing all this work for nothing.

That was just carnage.

Some batting performance so far

Shouldn't think there's much they can do. Someone is financing ACL atm otherwise it would have been a liquidation. Administrator would argue something better than nothing for bondholders. I'd have more concern about how Trustee has looked after their interests.