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And then we can move on to JR2: The Sequel :D

It was £5.6m for ACL (50% from Higgs, 50% from CCC) and then another million to CCC for the lease.

He also was quoted about it causing problems with having to leave players out as we are at the limit which would indicate he was talking about loans. Realistically we're looking for a goalscorer. I can't imagine there's many good strikers sat around unable to find a club.

Could be I guess. Wasps wouldn't have had total control of ACL without Higgs share so may not have been able to have control over an extended lease negociation.

ransom strip is when you own a piece of land that prevents access to another piece of land. So for example I owned the piece of land you needed to cross to get to your house but put up a massive fence and didn't allow you access. Not sure how that relates to Higgs or ACL.

Thing that frustrates me is that there are rules and guidelines for many types of state aid that all follow the same basic process. Its a process you should go though to ensure you can't be accused of incorrectly providing state aid. There's a lot in there that the council haven't done but...

They seem to have not wanted CCFC to have it since day one. No idea why. There was the grab of the freehold when CCFC were supposed to own 50%, the attitude to other bidders at the time SISU took over who wanted a stake in stadium ownership, and then everything that has happened since SISU took...

I suspect you are correct. The council must have known how close to the line they were so would almost certainly have had every little thing checked out and checked again to be safe. The thing you take from this is the narrative the council is giving in court is very very different from the...

So we're back to square one. CCC saying ACL would be fine without the football club which means there was no need to sell to Wasps. And it seems Wasps didn't just pitch up shortly before the purchase as some on here have suggested.

CCC say ACL doing well but they seem to base that on the cost of borrowing going down which wouldn't have happened without the bailout! Judge asks for clarification of the financial picture and is told there was negative cash flow.

IMO having Mowbray and Venus in control of all things football related has been a big plus this year and has let to success. It seems odd, hopefully just coincidental, that within a few days of Anderson turning up things started going downhill and now he seems to be getting involved in the...

I think I'm missing something here. Group A owns Company A who own Asset A worth £1m. Company A owes Bank A £2m. Bank A are getting a bit nervous about getting their money back. Bank B loans Company A the money to pay off Bank A, Without this Company A is in danger of going out of business...

Doesn't that bring us back to the initial point. How can the lease act as security if it doesn't revert to CCC in the event of ACL going under?

So how can CCC use the lease valuation as justification for making the loan? Shouldn't they be using the valuation of ACL? They've already said today that the lease wouldn't revert to CCC if ACL went bust so its value doesn't really come into it as far as I can see. So you have ACL valued at...

Well you can, CCC are saying in court the value of the lease, without CCFC as tennants, was £6.4m. How then can a 200 year extension, a deal done with CCFC as tennants, be worth £1m?

I don't see how they can say they had the lease valued at £6.4m with no rent and over £10m with £400K rent and then say the sale price to Wasps was correct. That's even before you consider the huge lease extension given to Wasps. And that valuation is only the value of the football club being...

Don't think they have, doesn't it pass to the bondholders now?

Isn't that the council's own fault for not having the lease terms set out in a manner that would allow them to reclaim the lease? Found the question from the judge about the amount CCC had put into ACL interesting. If CCC put nothing in why did it matter if ACL went bust and they got nothing out?

Been out of the office all morning, just catching up and was about to say the same. If it was irrelevant yesterday if it was a holiday or strike why are CCC now basing their whole arguement around it being a rent strike which put ACL in danger of going under. Intersting that of course at the...

Think its a fairly key point. A rent holiday would be agreed by both sides. Puts the clubs action in a very different light. It also ties in to the loan. CCC can't claim they had to bail ACL out to protect their investment as SISU were refusing to pay rent if it was an agreed course of action...