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  1. chiefdave

    Mean while back in court

    Except that wasn't the situation. It would be like inheriting a house worth £200K and then getting a loan for £500K. On top of that when the bank who are thinking of loaning you the money look at your finances you're already struggling to meet your current commitments.
  2. chiefdave

    Mean while back in court

    But if CCC are saying there was no risk to loaning ACL £14m as the value of ACL was greater than £14m (you put it at £50m) then when we get to JR2 they will be trying to prove that the sale price to Wasps was not poor value for the taxpayer. How can both be true? Remember the councils own...
  3. chiefdave

    Mean while back in court

    It was the judge who asked how much CCC had invested into ACL so he must think it relevant. If you've invested zero does making a risky loan of £14m make sense?
  4. chiefdave

    Mean while back in court

    If they make that arguement they totally play into SISU's hands for JR2.
  5. chiefdave

    Mean while back in court

    The lawyers.
  6. chiefdave

    Rose and Vincelot

    There will always be a certain amount of inconsistency at this level. After all if the players were consistently good they wouldn't be in L1! The problem is when one or two of our players have a dip in form the whole system seems to fall apart rather than other players picking up the slack.
  7. chiefdave

    Mean while back in court

    ACL was 50% owned by CCC and 50% owned by Higgs. However they weren't running it day to day, it had its own management etc. ACL was in debt in the form of the Yorkshire Bank loan. There had been an agreement made that any profit would be used to make overpayments on the loan to get it paid off...
  8. chiefdave

    Walking Dead Season 6

    If it does't pick up in the first couple of episodes think I'll be giving up on it.
  9. chiefdave

    Mean while back in court

    In a word no. Buying the Higgs share would have made no difference to the lease the club had with ACL. We'd still have to pay £1.2m a year and the way ACL was originally setup no dividend could be taken before the loan had been repaid.
  10. chiefdave

    Mean while back in court

    I think morally they could have had no doubt they were doing wrong, hence the PR and press gags. Legally I would say is debatable. What the legal action to date has shown us is there is a fine line between what is legal and what isn't in areas such as this - think you can apply the same to the...
  11. chiefdave

    Port Vale (Away) Match Thread

    The likes of Microsoft, Apple, Samsung etc constantly have legal disputes going on. Does it matter to anyone who has a job there?
  12. chiefdave

    Mean while back in court

    How on earth is making a risky loan to a failing company financing hospitals and schools?
  13. chiefdave

    Port Vale (Away) Match Thread

    We've now taken 12 points out of the last possible 36. You really think out of a possible 48 points remaining we will get 32?
  14. chiefdave

    Mean while back in court

    This happens all the time. What do you think caused the financial crisis? Loans and mortgages are bought and sold by banks constantly.
  15. chiefdave

    Port Vale (Away) Match Thread

    We've dropped too many points recently to be happy with a point in any game if we still want to go for promotion.
  16. chiefdave

    Port Vale (Away) Match Thread

    chap called niallc176 has posted it on twitter if anyone wants to take a look https://twitter.com/niallc176
  17. chiefdave

    Mean while back in court

    Legally or morally? I would say if the council were doing everything above board there wouldn't be a need for secret deals with the local media to suppress their reporting.
  18. chiefdave

    Port Vale (Away) Match Thread

    And Murphy :D
  19. chiefdave

    Port Vale (Away) Match Thread

    They sometimes forget when its not a 3pm on Saturday game.
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