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@TheSimonGilbert: Sisu QC just summed up key points. Focus on councillors not being correctly informed by council officers ahead of 14.4m loan decision

@TheSimonGilbert: Sisu QC argues there was no evidence for that valuation of the car park.

@TheSimonGilbert: Council valued car park C of the Ricoh at 1.5m according to doc read out in court. Potential plan for site included car showroom or housing.

Break for oranges now...

Lol @TheSimonGilbert: Judge asks what was wrong with councillors being told ACL was profitable when audited accounts show they were.

@TheSimonGilbert: Sisu present evidence they believe shows ACL was not as profitable as stated to councillors.

Lol...how do you think the fans feel mentally Steve? @AndyTurnerccfc: Steve Waggott believes Cyrus Christie has mentally "checked out" at City as he looks for Championship move #skyblues http://t.co/C4InHIodGs

Love this from Judge... @TheSimonGilbert: Judge says councillors entitled to consider politics in decision making process for 14.4m ACL loan as they are politicians.

@TheSimonGilbert: Sisu say briefing note from finance team to councillors ahead of loan decision focused on politics not commercial information. @TheSimonGilbert: Council QC disagreees. Says commercial aspects were covered.

@TheSimonGilbert: Sisu QC made big play of fact ACL directors served on board of ACL and worked for council at time of bank negotiations to secure better deal

Judge said yesterday acl have every right to pursue different avenues to ensure right deal for acl.

@TheSimonGilbert: Sisu QC says bank letter declaring ACL in default of loan in Dec 12 was relevant information not provided to councillors.

I guess it was 3 years rent for the price of 1 year

@TheSimonGilbert: Original £1.3m rent deal would have come back into force after three years.

@TheSimonGilbert: Sisu QC says details of rent deal negotiations misinterpreted to councillors. Implication is not all info available at time of council loan

@TheSimonGilbert: 400k rent deal of Dec 2012 would only have been for 3 years then open to renegotiation says judge.

@TheSimonGilbert: Sisu QC says bank were worried about a conflict of interest with company directors as ACL suggested selling debt to council

@TheSimonGilbert: Sisu agreed deal for £400k rent (subject to conditions) via bank in 2012.

@TheSimonGilbert: Joy Seppala (Sisu) in court again as is Marilyn KH (Higgs), Peter KH, Paul Harris (Higgs /ACL) and Chris West (council)

I guess the rent doesn't include match day costs?