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Me too. Maybe that's what Prudential borrowing is? Someone else may know. I guess though as long as they get more interest from ACL than they are paying for the loan then all is hunky dory?

So how much interest do they lose by not having £14M in their account?

This bit is interesting. I always thought that CCC didn't borrow the money but used funds they already had in reserve? The Council to use its prudential powers to borrow the sum of £14.4 million. The Council to provide a loan of £14.4 million to Arena Coventry Limited.

I do recall it. People on here were swapping templates FFS.

Nitpicking surely? There is still a £14M sized hole in the councils' coffers.

Ah, document restricted.

If that's the case then you can't use the "poor old tax payer" argument when it comes to ACL/Higgs/CCC/SISU as you're seemingly not too bothered how decisions regarding £14M of public money were decided.

Mmm...maybe, I understand that he's a fan like the rest of us but with position comes responsibility....

True, but there is obviously a clear distinction between supporters and the leader of the council.

So considering the sums involved do you think it was sensible not to take minutes if that is the case?

I have to say it does seem odd. I wouldn't have thought CCC would have been stupid enough not to minute the meeting considering they probably guessed what the reaction would be from SISU. And even without that just to put on record why and how for their council tax payers.

Same with me. I have to provide receipts for all my travel and claims. Does seem strange.

Exactly, you would have thought so.

Are you not quite sure or just giving two opinions?

YOu would think though with £14M of public money being used then minutes would be taken. In my experience minutes have to be taken of everything, copies of emails need to be kept, candidates who've been unsuccessful in applying for jobs have to have their forms kept, etc. The public service...

I strongly disagree, but there you go. You are causing as many divisions as SISU IMHO.

@IloveACL

Wished we hadn't have left Highfield Road. Maybe things would be a lot different now.

And you're off again.

That's another example of what happens on here: Opinion is fact and if you don't explicitly say something then you are either disagreeing or agreeing with it depending on the point of view. A good example is Bigfat's "So are you saying SISU are good owners?" mantra.