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Well why didn't they buy the share without the loan then? All the income servicing the 14m would go to them then.

There may be guarantees though. I have a limited company and on some contracts I have to act as guarantor for my own company - thus doing away with the Ltd bit.

What would be the value of the 5,5m share if there was no loan?

I understand that, but the share was not for sale without the loan. So the loan is a factor. If it is being serviced by other contracts, good. If there were no loan, where would the money from the other incomes go? Presumably it would be profit. So, with the loan you get 14m less profit. In...

They are no longer liable for the ACL loan. Previously they were a 50% partner in the business which had to pay the loan and would have been jointly and severally liabe for the loan had ACL defaulted - or whatever was agreed with CCC when the loan was granted.

Yes, I agree, but in these circumstances I think they could unwittingly give SISU some ammunition - even if it is later refuted. The whole game is about clamming up in front of SISU's lawyers - which I agree with. The opposition has to hold AL etc. to account - not SISU. If SISU win, then the...

Did he say the 14m loan doesn't have to be repaid? No, he didn't. He was talking about the accounting structure - he did not deny that the total cost is 19m with the loan.

No, I don't think they do have anything to hide, but I do know SISU have lawyers that will try and twist things round e.g. a slip of paper with a scribbled note saying "hell will freeze over" is definately council official policy democratically confirmed by the council. I don't think CCC should...

No. I am not a criminal either btw. I have dealings with councils, tax authorities, customs authorities, employment courts - you name it. The advice is always the same. Say nothing unless it is required by law. The council is a public body and under scrutiny anyway. One day we will get to know...

A masonic lodge wouldn't be under constant threat of litigation from our owners.

Really. Try buying the Ricoh for 5,5m and without the loan. Don't work like that. SISU wanted to clear the YB loan as part of their purchase price. They obviously linked the two together.

Who knows? My lawyers always say, "say nothing unless you have to". Good policy when your every move is being monitored by a team of expensive lawyers.

Yes, but the fact that all - yes all - councillors voted for it shows how bad SISU screwed any chance of this club getting the Ricoh by direct means for the next 250 years. That alone damns them in my opinion. So, go on talk about a stadium in Nuneaton, talk about the play-offs, talk about the...

Of course they will - one way or another Wasps are paying over 19m. TF said that was why he didn't want the Wasps deal - exactly because the loan was in effect a a part of the price and he doesn't think ACL is in the position to service it. Saying 5,5m was the end of it, is just pure spin.

i am sure they will - as soon as they are not threatened by more litigation. Until then "mum's the word".

Was at West Ham semi, home and away...

We are a Million miles away from this. Last century. Ancient history. Now it is all about plodding along and waiting for a final JR decision. Clowns talking about a stadium at the uni or in Nuneaton. 18. In the third division. Loan players. Manager who is lost. Rugby team as leading sports team...

jawohl

He has long been accused of vote buying. He now wants UEFA to field another candidate thus splitting the vote even more. No-one knows what he earns or in how many offshore PO Box companies he is involved in. His daughter works for the family business ( FIFA ). It is run as a "club" which means...

Exactly. But it sounds good.