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Did you read the Statement of Facts produced for the JR application? That is possibly where it came from. In the document there were stacks of emails, meeting minutes,correspondence with parties etc which may give this kind of info.

So in principle the price you've quoted was agreed?

Did Higgs and SISU ever come to heads of terms agreements? If they did that would indicate some agreement on price.

Yes. Thank you Nick. It would never be part of a potential sale of Higgs' share.

That would only last for 7 yrs at a max. So from 2009 to 2016. And there is no way that ACL would have allowed that money to be part of the deal. So it's virtually irrelevant.

Any Higgs sale could not be done without consent of the council. That was in the Joint Ventures Agreement set out in 2003.

I do not know the answer to that. What was their share worth? Was it valued by anyone? Assuming that Higgs would have recieved some profits from the complex as a whole from its creation until now may have impacted on the price of the share. I personally think that SISU should have paid the...

Could well have done.. I wasn't at the negotiations.... you?

Is that why you love me? Don't be afraid to let it show.

Which was vetoed by the council if i'm not mistaken? It would appear that Higgs/SISU negotiations aren't too bad... but they hit a brick wall as soon as council become involved? Have a word John with your buddies.... bring us home.

John - if you want to provide me with copies of all the SISU accounts I'd be delighted. But i'm pretty sure they just say loss, loss, loss.

I'm no expert on the admin/liquidation process but that's what I understood. The only thing I thought was that traditionally if a company accepts a CVA they are likely to get more than from a liquidation. Now perhaps the FL did say that Otium had to pay the same amount regardless, but maybe the...

I guess we have no idea. It's their money and they can do with it what they wish. You may well be right that they can use it to bridge the gap in the short term to find new business. But are they ever going to find another tenant to use the stadium facility (pitch/stands etc). I can't see any...

Well rejection of the CVA brought liquidation. I would have thought that in most liquidations the final payments are not done until process is completed, so that all creditors are dealt with at the same time. I don't know about the FL condition... how would they apply that condition to a process...

I don't know about this. I think this question highlights the problem with the CET. They did a story that SISU still hadn't paid the £590K owed. But what they don't do is put the all the facts in the story. It's not been paid as the liquidation process hasn't finished. When it is it will then be...

But if they don't break even? More council money for yet another bailout?

ACL were bailed out by the Council for £14m. Do sustainable businesses need to be bailed out? To be honest I'm fed up of this brinkmanship from both sides. They need each other. SO just get round the table and sort it out.

Ultimately the best scenario is that CCFC return to the Ricoh. I don't believe either business has much of a long term future without the other. We know that SISU accounts are fucked. But no one is pretending otherwise. The line from Lucas is that ACL does not need CCFC - I think that is bollocks.

In reading up about this whole saga over the last 12 months, I had read about this exit fee being paid. But it's difficult to state anything on forums or on Twitter without being slammed as a SISU employee or some other rubbish, unless you have some pretty concrete facts. It was only the other...

I can't find it. Certainly not for that value. I do know however that it is common practice for business to distribute larger sums of money over a period of time in their accounts. This is where my questions all came from. If that amount is being dispersed over time, how much per year? How many...