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I think it is more likely they started to bring the mess in order ... as TF put it ... in 2012. If you have vaguely followed some of my posts, I am sure you'll recognise that I have said as much many times during the administration. I have also repeatedly said that they have surely done it...

The threat of stop funding the club was what actually brought about the negotiations. Something nobody before that had achieved. The 'shifting of assets' was to protect against a hostile take over - and to break the lease. I had said both over and over the past year or more. I even mentioned...

Well, it quite obivious that had the Golden Share and the players contract been in the same company - then sisu would have been open to a take over attempt as anyone (Haskell), had he secured the Higgs shares first, would be able to put in a considerable bid for Limited and the administrator...

Not really - that was the basis for the negotiations. The centrepiece in 'the package' they all agreed to and was written into both the ITS and the HoT. Without sisu or sisu/ccc buying and discharging the loan everything else would make no sense to sisu. Out of interest... How much of the...

Yes - and they may still be granted their wish. Remember how OSB revealed that in the latest accounts all loans to sisu funds were set to expire December 2014?

Yes hindsight, we can't do without it, can we :-) And you forgot to mention Hoffman and Elliott. PWKH is quoted to say 'Hoffman is circulating just below the horizon'

Mr Thompson questioning Mr Harris: Q. ... Whereas in fact, it was bought for 14 million. A. It was. The debt at the time was 19 million. Q. I think people know about that, there was the hedging element, so there's a question about how much it was, and you there say I think it's 15 million.

They made it very clear they would stop funding the club if they could not agree a purchase of the Higgs shares and gain access to ACL revenue. That was the premise to start the discussions back in 2011 and forward in 2012.

If the YB loan was discharged and ACL left debt free - that would add value. The loan stood at something like £19m so that alone would increase the value quite substantially. Then the ACL lease would be extended from 42(?) years to 125 years. That is adding a lot of value too. (In addition the...

The general consensus on here have for a long time been that sisu were acting underhanded, immoral and unethical. It is new evidence that CCC have acted that way. The first real game-changer was CCC buying out the YB mortgage. That is what effectively stopped any hope of club and stadium become...

I am not trying to suggest that AEHC acted unethical - at least not until mid august. Especially Mr Harris seem to care for the club and did his best to facilitate the deals. It is more clouded to me if PWKH was equally focused on making the deal happen - and I get the impression that both Mrs...

I think rent strike started April 2nd, but I may be wrong. The rest we agree on.

It a valid question and I suspect that the answer will be different depending on bias. If you are sisu you will argue that they were only going to keep funding the club if there was a real prospect of them acquiring the Higgs shares plus the YB loan and an extension of the ACL lease to 125yr...

There is somewhere a reference to Deloitte inviting a meeting with sisu to help facilitate the on going rental talks. Clearly this was because the Escrow account was (getting?) empty and a solution had to be found if ACL should continue to service the YB loan.

I had difficulties finding the passages you refer to. In my copy that is on p27 (11) and p30 (5) - if anybody else is following this. Just a few lines later - p30 (17) in my copy - he continue: We move then to the two-month period between, broadly speaking, 19 April to the execution of the ITS...

Great, then you can perhaps show me where it says that sisu went to YB on their own? It's kind of important as going jointly to YB was crucial to the plans for all involved.

I stopped reading here. The Roadmap As you describe, except your point 4). That was never within the roadmap. I think you are confused by the 6 week exclusivity agreement within the ITS. The roadmap was changed several times and finally agreed by all parties so far as the basic principles for...

I assume it somehow links to the valuation of ACL - where PwC advised Higgs to accept a deal way above their valuation. So you have the cash flow situation (increasingly under pressure) in combination with a low valuation. I don't really know the mechanics of such negotiations, but maybe sisu...

I didn't mean to suggest they did. I was saying that they could have - if they really wanted to drive a hard bargain.

http://www.coventrytelegraph.net/news/coventry-news/acl-chairman-resigns-after-ricoh-3024986