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Sorry I’m lost. How would Sisu be involved in the DD? Why would an agreement between Wasps and Sisu need agreeing for a deal between CCC and Wasps?

Wonder why it’s taking so long. Thinking about it I think we decided before that even if we don’t abide by the judgement it should provide the required basis for a civil claim anyway. So maybe Brexit doesn’t matter that much.

Do we think the COVID changes to state aid law are slowing this down? I saw somewhere that there’s been a record number of applications and they’re being assessed in record time. I wonder if stuff like our case is on the back burner until COVID is out of the way. I’d expect the serious economic...

Why do you say that?

Still working on the assumption that Wasps want security at the Ricoh and to not have the threat of legal action hanging over it. Not seen anything to suggest that’s not the case.

But even then, there comes a point where the cost of being homeless exceeds the potential payoff. Assuming this is still about financial rewards for Sisu and Joy isn’t really on a moral crusade. The five year timescale for UoW gives us enough headroom for the current stuff to be resolved, I’d...

I get the impression that if that was a sackable offence in the States they wouldn’t need to defund the police!

Oh yeah totally, there’s questions about how exactly the trust soured between Sisu and CCC and how exactly deals broke down, but I suspect we’ll be hearing about them for the next twenty years or more. But from an immediate CCFC angle, all that matters really is the legalities What’s next? I’m...

This is getting a little “my aunt wasn’t diagnosed with cancer therefore all doctors don’t know what they’re doing”. It’s been through two reviews and an appeal, it’s as solid a judgement as you get in the legal system. I guess we’ll find out soon enough (hopefully) when the ECJ comes back...

On the whole “driving while black” thing, thought this was interesting: https://franklywrite.com/2020/06/01/a-white-woman-racism-and-a-poodle/

If we’ve got multiple high court judges who don’t understand the law of the land ahead of some randoms on the Internet we’ve got far bigger problems 😂

I think what they’re saying is that because of the Higgs share it wasn’t entirely in the councils gift to extend the lease but TBH I’m not sure. Technically it was always to ACL, Wasps just bought ACL. No new lease was issued, the existing one was extended.

No, they did look at the total deal: “I agree that the transaction was interlocking and the plan was as Mr Thompson stated. However, the only assets which the Council could insert into the transaction, and the only benefit (or aid) that it could confer thereby on Wasps, was by the transfer to...

Take it up with the judges. I’m just reporting what their reasoning was in their judgement.

House!

From what I can tell the argument is the conference facilities would benefit the city long term. It’s pretty weak, but then so is the light rail research project and in fact most of the projects funded. Seems like central govt wanted a nice big number to shout about when asked about COVID...

A 250 year lease is a freehold for all intents and purposes. This was covered in the JR. That’s why Wasps paid £1m for it, that was what KPMG valued the freehold at after ACL had put £21m in already. Which is why the judges ruled it wasn’t State Aid ultimately.

OK mate.

Depends on the lease terms is the short answer. For all intents and purposes a lease that long is basically a freehold, but you can sell a freehold and still place covenants over the use of it. Lease should be registered with LR somewhere but I haven’t managed to find it.

Read the webinar slides. Couldn’t find the process for CWLEP. I’d imagine the LAs in the LEP would assist with applications but the process was open to anyone AFAICT. Of course anything CCFC related would’ve fallen at the “shovel ready” stage. But yeah Andy Street will have been involved for...