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Two persons reading a complex law text is more likely to interpret the text in two different ways. So it's no wonder if we disagree or emphasise different elements. I assume you read the transcripts and the ruling, so you will remember the Austrian Dentist case. Here's a text that mention this...

I get that, but the legislation is quite complex, so one more time - please provide the § I need to read. A link will be excellent.

What part of the legislation? Can you quote the § I need to read?

No I didn't say you talked rubbish - in fact I was surprised it was put before a national court. But two things I was not aware of: 1) Only national courts may award damages and costs 2) If ruling went against ACL, the national court must issue a recovery order with immediate effect. In...

The judge was extremely clear in his ruling, however he build his decision on two things: 1) The fact that the council already owns 50% of ACL so the loan can be seen as protection of their investment. On that basis he said it was not state aid. This could be seen as a national court protecting...

'Our offer is to pay rent and match day costs for up to three years'. No small prints? That's the unconditional offer? BTW - Hoffman could show his determination and excellent relationship with ACL to persuade them to include all match day revenue in the offer. I am sure ACL and Compass would...

It is. But what is the purpose of posting a private letter here? Is he hoping our resident reporter will pick up on it and report that TF thinks Joy Seppala is bonkers?

Yes, the OP is Hoffman or someone close to him.

Really? The stadium would have vanished if they hadn't supported ACL?

Yes - he said it wouldn't be owned by the club - and the club is Otium, remember? The ONLY way sisu will ever make any money is if they sell on the club and stadium management in a package. Nobody would buy one without the other. And the only way the club would benefit from the revenue made by...

No, that is not the impression I get reading here. I get the impression that it would be excellent going back to where we came from a year ago. A rental deal. Which is NOT the long term solution that will see the club ever get back where we were 15 years ago. I also get the impression that...

Yes, my bias is obvious - it has been the same for many years. I want ACL and CCFC under the same umbrella. I want the club to benefit from every pence spent at the stadium. I have said it countless times. I said it before most on here believed FFP would ever become an issue. But I don't want...

Not really a science is it? If sisu stops injecting money the club will go bust. But they will do what Robinson did - sell for what they can get. It may well be that they will reconsider their position if the JR verdict is against them. Who knows.

Ok, you don't have access to ACL accounts either. You're speculating, only you won't admit it. The auditors signed off the accounts ending May last year. That was on the back of the CCC bail-out, which btw gave ACL a cash surplus of £400t. The YB loan was settled at £14m - the ccc issued loan...

I am going to relay a recent analysis by OSB (he did in a PM to me): Summary of the totals for years from 01/06/05 to 31/5/13 Profits +3,553,665 Cash surplus +624,556 During that time ACL sold assets 5.79m (shares to Compass 2012 and sales of land in 2007) Purchased assets 13.85m repaid...

You say 'the truth is ACL is not on the verge of bankruptcy'? How do you know? Do you have access to the accounts? Do you know the current and projected cash flow? I have no access to inside information, and I suspect you don't have either. So we are both speculating. I am speculating that both...

We don't know the exact wording FL used, so we don't know exactly what the money is covering. The club know, and they say McGinnity/Robinson were called to pay £500k of what the money in the escrow was covering. Surely ACL should not be paid twice? And surely if ACL issues a discount of £200k...

How come loan signings don't count? Are players on loan not allowed to play?

The buildings and land has a positive value. The stadium management business is virtually bankrupt. If ACL goes bust the long lease reverts to the council and can be sold to a new management set up - hopefully set up as a company 100% owned by SBS&L. This is the only way the club will benefit...

The stadium and land is not worthless. ACL - the stadium management company - seem to have a negative asset to liability ratio - if so, the shares of ACL have a value of 0.