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But again why would you get to that open book stage if the asking price is a million miles away from what you are prepared to pay? Many people have asked why didn't SISU just submit a bid even if CCC weren't or wouldn't talk to them. How could they have done that with any degree of accuracy?

Come on MMM, if you have one set of accounts showing a £1m profit but you also know that your major tenant was not paying you don't just go, well it's making a profit that will be fine. The council made the loan once we had already stopped paying rent during a period in which ACL were making a...

I'm really not sure, it's a bit frustrating that statements like this get dropped out and then never followed up on. To me as soon as the amount owned in administration was revealed he should have had that clip played back to him and be asked to explain.

It will be interesting to see how ACL perform now. With the NEC sold to LDC they will be far more aggressive in going after business, coupled with the refurb at Villa Park (a larger capacity venue) making it a good options for concerts and representative games ACL will have their work cut out...

I'm really not sure what you're driving at here. The rent was too high, I think we all agree that. ACL were reliant on the rent, I don't think many dispute that. That's pretty much it. Due diligence is done after the acceptance of a bid. What I'm saying is that CCC's false stance had a...

There was an interview with Fisher at some point where he clearly stated all the money that had been put in had been converted to equity then when we went into admin we owned millions! Wish I could remember where it was, have a feeling it was CWR, would love to get his response to that.

It's relevant because CCC categorically stated that the rent was not needed for ACL to be profitable, that while we were at Sixfields ACL were making a profit. It also has an impact on the value of ACL, it's painting a false picture of the status of the company in order to artificially inflate...

It's not my argument! I said exactly the same thing to Nellist when he proposed it although he did come back with a fairly comprehensive response. The gist of it was that if the cuts were overturned the £15m would be replenished from central government.

There must be guidelines somewhere, although how straightforward they are is anyone's guess. Part of the problem is that CCC have allegedly stated, not particularly in regard to the Ricoh or CCFC, that they would never risk taxpayers money (as the taxpayer would have to make the repayments if...

I had an almighty row with Maton about this as this is not what was voted on. He assured me at the time that the money taken from council reserves had already been replenished, the answers CCC provided to Reid state this not to be the case. This does knock on to the local taxpayer, although...

What are you on about? The point being made is CCC and Higgs repeatedly stated that ACL was profitable without CCFC, including during the period we were at Sixfields. They weren't. Yes the rent strike was ruled illegal but that's not really the point is it, statements were made that were clearly...

How can CCFC distress ACL by withholding rent or moving out if ACL are no way reliant on that rent from CCFC? By saying ACL were in no way reliant on CCFC it artificially inflated any asking price. That's why, for example, a company listed on the stock exchange can not make false statements, it...

Have seen it mentioned that it go be taken to the European Court but I'm not sure if there's any point at which an appeal rejection stops further action. I suspect that there will be additional legal action around what has come out in the past few days. Would not be surprised to see a second JR...

There should never have been a confidentiality agreement. If ACL was being put up for sale offers should have been invited from all interested parties with everyone offered the same terms, i.e.: the 250 year lease. Hang on, Fishers stance from day one was that ACL was reliant on CCFC and that...

My personal opinion is that had SISU been offered a 250 year lease for under £6m, 200 plus years of which would have been unfettered or whatever term you wish to use, they would have bitten the councils hand off. Uniting the club with the stadium adds value to both. A package of ACL and CCFC...

Money for the loan to ACL has not come from CCC funds - "The council loan to ACL was capital expenditure by the council", CCC response to question from Reid ACL is making a profit without CCFC - accounts released last week show this is false CCFC only account for 10% of ACLs business -...

I can't see any way we're not getting a whole new batch of legal action. I wouldn't be surprised if the information coming out now is exactly what SISU were after when they were asking for access to CCC records.

Have to laugh at that considering the number of posts made on here in the past having a pop at more for being so defensive of the council! All I'm doing, as I have done all along, is looking at the currently available evidence and making a judgement based on that. Some people on here seem so...

Few off the top of my head: Money for the loan to ACL has not come from CCC funds ACL is making a profit without CCFC CCFC only account for 10% of ACLs business Lucas claiming SISU had shown no interest in a lease Lucas stating they were hoping to rebuild the relationship with SISU following...