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I think it's perfectly obvious from SISU's response to the current offer that they've never negotiatied in good faith. It proves it's never been about the rent - there's no figure that ACL could offer that could ever be good enough for SISU. SISU have just played along and stretched things out...

They could just pay it up in full for £1.5m at any point (assuming we remain in L1). Not that they would, given past experience. What's £1.5m compared to the cost of a new stadium? Joy's probably got that sort of money lost down the back of the sofa.

Absolutely. In fairness I'm not saying there isn't a case, there may well be. My opinion (fwiw) is that it's pretty thin; Councillors usually take legal advice from their officers before taking major and/or controversial decisions, Councils clearly are allowed to invest in projects that...

Spot on. This looks a lot like someone who wants to get their name in the papers rather than offer anything useful. The mis-handling of the bid process doesn't provide any great confidence in his competence I'm afraid - happy to be proved wrong, but I'm not holding out much hope for this one now.

Excellent. Here was me thinking that you were just a blustering half-wit, and it turns out that you've got real expertise in this area. I apologise for thinking wrong of you. You'll be able to provide us with some evidence to support your opinion then I suppose. I was thinking of something...

Sadly, I don't think TSB is being ironic. I think the preferred acronym is WUM. As for Joy, I think I'd say that any one of the people working for the 'scummy council' (and I'm related to a few of them) adds more to humanity than her. They also haven't been humilated by a High Court judge...

I'd imagine ACL must think they've got at least a chance of putting the frighteners on it. I have no sympathy personally, no one forced Cardoza to get involved. And simple greed is the answer to you last question, imho.

Thanks for that - I'm going to have a really irritating tune stuck in my head all night now! ;) http://www.youtube.com/watch?v=sWpUQBsRHGs

The impression I get is that the Higgs trust simply don't trust SISU enough to re-enter negotiations. In fairness though PWKH has always been pretty upfront about this, so maybe he could advise? As far as the Council go, I wonder if they'd ever sell the freehold to anyone. Generally speaking...

I suspect as JG says, as much as anything it's to just move on. Plus maybe it's a quid pro quo, we'll stop trying to get you investigated if you do the same thing for us. Also it could save a few bob in QC's fees. Or as you imply, maybe they're genuinely worried about losing - the one thing...

Absolutely Paddy, not trying to shoot you down, just making the point that it's (probably) not really about FFP. If SISU want part or all of the stadium, and they want to pay a proper price, for it and they're willing to incorporate it into the same company as the club so there's limited room...

I think it's worth pointing out that nothing in this ten-year deal would stop SISU still building a new stadium if they really, really wanted to. At £150k per year, SISU could buy out the whole lease at any point for a maximum £1.5m and just walk away. That's peanuts compared to the cost of a...

Let's say FFP is the main driver for this, then surely 10,000 to 15,000 ticket sales at the Ricoh is better than 3,000 to 5,000 at Northampton (where they won't have full access to income streams either). There's nothing stopping SISU taking this offer and still building a new stadium if that...

With this lot I wouldn't be certain about anything. I suppose they could still work out a five-year plan to build a stadium, and then break the lease with ACL for a few hundred thousand and move. If, of course, that made some sort of sense to them.

In any other world I think this would be seen as a pretty good offer. Wipe out three-quarters of the debt, and pay rent at 10% of the original level. I think it's been fairly well documented why access to F&B revenues is difficult, but in truth it seems that even that isn't really what all of...

Is that the same Craig Whyte who has been deemed not fit and proper to own a football club? http://www.bbc.co.uk/sport/0/football/17302801 The one who the courts have found personally liable for £17.7m...

ACL sign the CVA, they get a few quid and the club fecks off to Northampton, no further investigation. ACL don't sign the CVA, everything is still up for grabs. ACL could challenge the liquidation, and/or there's a proper investigation into the directors' conduct over the last few years...

There's no scope for counter-claims here - if there's an investigation and it finds nothing wrong, that's it. Problem is, with the CVA signed the deal is done and that's that. ACL will get their £590k and NOPM - ever! There might be an investigation at some point in the future, but by then...

I don't think either of those things is necessarily true, and neither does one of necessity follow from the other. I think ACL could challenge the administrator's decision to liquidate to start off with. Even then, liquidation proceeds and it turns out via a thorough investigation (for...

Even more surprising that Seppala did (if true). I think it's fair to say that the ACL side aren't likely to dismiss an agreement because Reeves wasn't there in person to sign off on it. SISU however have already shown that it's only JS who calls the shots.