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    Email from FL

    Higgs vs Sisu: It was Higgs who sued Sisu. That was the main case. Higgs lost, so in my book sisu won. Sisu lost the subsequent counter sue, but it wouldn't have been a case at all if Higgs hadn't sued sisu in the first place. What may be more important is that sisu got access to a lot of...
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    Simon Gilbert, has there been an FL response?

    Except me, of course!
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    Simon Gilbert, has there been an FL response?

    I think that was the one that was right and gave the 33.3% score. But council and telegraph should have been with capital 'C' and 'T'. Only guessing.
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    Simon Gilbert, has there been an FL response?

    I think it would revert to the council.
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    Valuations of ACL

    No that is not true. In the roadmap was the centre piece of sisu - or sisu/ccc jointly - buying the YB loan. The HoT containing that part was signed in early August. The roadmap was never a signed agreement and it had no beginning or ending schedules.
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    Valuations of ACL

    You are thinking about the buy-back option that contained a formula to calculate the buy-back price. An option the club negotiated when they originally sold their shares to Higgs. This is different. When sisu/Higgs agreed term sheet in 2012 an exclusivity period of three months was included...
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    Simon Gilbert, has there been an FL response?

    I am actually amazed that McGinnity/Robinson didn't insist on a short time limit of the personal guarantees. Three years maximum.
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    Simon Gilbert, has there been an FL response?

    McGinnity/Robinson vs SISU/Otium/Arvo coming to a courtroom near you.
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    Simon Gilbert, has there been an FL response?

    So the club was ordered to pay the rent arrears owed to ACL by the end of last month. FL also ordered that the amount should be locked up in an escrow account. The amount is £590K Then ACL calls in the guarantees they had sitting with McGinnity and Robinson. They ask to receive £500k. Question...
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    Valuations of ACL

    The HoT with ACL was signed on August 2nd (I believe). Emails and the infamous 'August report' written by Chris West has been presented at the two hearings showing the plan for CCC to buy the mortgage was formed just days later. It's important because the centre piece in the agreements between...
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    SP: We've Made Offers, Just Waiting For Responses

    Why not use the word 'consequence'? So are you saying here that the low budget is the consequence of fans not attending Sixfields ?
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    Valuations of ACL

    Clearly the sisu QC accepts sisu went to the bank in March 2012 - and this is what you say, so full agreement on the fact. If I understand you correctly you say this is the sort of behaviour that show their true character? And you suggest that ACL/CCC handled the negotiations and did their own...
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    Valuations of ACL

    Still reading on day 3 transcript. The judge gives the sisu QC a real fight about the YB offer to restructure the loan at £15.3m. Sisu QC tries to argue that the bank demanded increased security, but the judge won't have it. When pressed sisu QC admit there's no mention of security in the offer...
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    Valuations of ACL

    You cannot possibly have read the quote I included in my post. The meeting with the bank in March 2012 is in there. It was long before HoT with ACL was signed and it was long before the council had to make their decision. I also included the council QC reply - and forgive me, but he clearly...
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    Valuations of ACL

    Getting on will require all parties start treating each other with respect. I sense TF gained a little bit of respect from you when he actually admitted they have made mistakes. And that is in a sense what I was aiming at previously when I advocated the parties need to sit down in private and...
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    Valuations of ACL

    Ah, I am sorry, you lost me there. What did sisu say is true/false? I don't think in the Higgs case sisu ever agreed their appetite to fullfil the termsheet ever ceased? It was the judges opinion - but it doesn't mean sisu necessary agree. It had no adverse effect on sisu's case as they won anyway.
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    Valuations of ACL

    It is actually covered in the JR to great extent. Here's just a part of it (after coucil QC accuses sisu of going to the bank behind ACL's back): So sisu claim they were not going to the bank, but the bank came to sisu. Sisu claim that nothing but rent was discussed. And in the end it seems...
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    Valuations of ACL

    Still on day 3. The judge grills the sisu QC over the fact the club did not pay the rent it was legally obliged to. Clearly the judge finds it very relevant that the by not paying rent the club placed ACL in distress which lead to the decision to use public money to buy the loan. It will be...
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    Valuations of ACL

    No, both ACL and sisu agreed to make a joint approach to the bank. I did say that I don't believe they could have gotten the price anywhere near £2m-£5m as sisu said. It was a different case with a different objective. The judge found either party had no appetite to do a deal after the...
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    Valuations of ACL

    So you're not going to argue any actual point then. Just dismiss them and ridicule the poster.
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