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Because JR2 is about the sale of ACL. At the point of sale the loan already existed. It’s also well established in law because of JR1 that CCC we’re well within their rights to lend to ACL the amount they did at the time they did with ACL in the financial position they were at the time. That has...

Except the Coventry tax payer who would have lost millions as the loan wouldn’t have been paid back. Maybe people should remember that point when saying CCC had a duty to secure the best deal for the taxpayer. They offloaded ACL and secured payment of the loan in the process. Selling it...

I was both happy and amused to see Germany knocked out. Not because I hate them though because I don’t. Celebrating hate or someone else’s hate of something or someone is odd behaviour though for a level headed person.

Got a feeling that this will prove to be a real coup. Apparently a lot of clubs were after him on loan according to a friend of a friends son who apparently knows him personally.

Just pointing out that leases by their very nature are always running out. The rest is between you and astute to settle.

Read an Wasps thread to do with financials. Everytime someone says that the council undersold based on valuation in accounts he’s explained the difference. You know this but are pretending that you don’t. You ask for a link pretending that you need one. I’ve told you several times now where...

You’ve been corrected and you know you have. You’re always all over the threads where he’s explained it repeatedly so there’s no way on earth you haven’t read it more than once. I’m not posting a link for the simple reason it’s funnier watching you pretend you’ve never seen or read his...

Leases are always running out. That’s there nature. They’re set over a fixed term and time doesn’t stand still.

Are you saying that you’ve never read one of the many posts by OSB explaining why the valuation for accounts and the bonds are not to be confused with the sale value of the ACL. Yeah OK.

Still pretending OSB hasn’t explained it then. That’s it Nick, you keep dealing in fantasy.

People were dropping hints about this as early as Easter before it happened on here. I was told privately about it by one poster on here and his source was apparently someone high up at CCFC so there’s no way SISU didn’t know about it.

Hasn’t OSB explained the valuations a gazillion times now and how they’re not to be confused with a sale price? It’s fast becoming another SISU are taking millions out of the club urban myth which he’s also explained a gazillion times why they’re not. Suits you to dismiss this one though...

How would it add £30M on to what they sold ACL for? It’s clear that Higgs at least if not CCC as well wanted shot. Why would they borrow more money to extend the lease when it might not even add value to what they were selling?

Voluntary regulations then. Doesn’t exactly strengthen SISU’s case.

Both partners in ACL at the time would have wanted to purchase an extension and there’s no evidence to suggest either the council or Higgs had the appetite to purchase an extension. Unless both partners were in agreement how would it have been possible?

But ACL has always had that option from day one. What I’d like to know is if there is a formula in law for commercial property, if so you can only assume that any valuation on ACL at any point has to be based on the possibility of the option for a lease extension being taken up at a formula set...

The formula for the cost of leasehold extension Can anyone make sense of this and whether it’s relevant to commercial leases as well as residential?

Surely Tim will be banging on a big glass window pane at the church, graduate style. Before riding of into the sunset with Joy on a topless bus once used by Nigel Ferage both wearing CCFC white training tops once owned by LCFC still showing remnants of the King Power logo.

Someone should tell them that the debt isn’t real debt. Tim Fisher said so :) see if they believe it anymore than us. Fact is that their average attendance last season was just over 6200 ours was just over 9200, plus the playoffs, plus a good cup run plus Maddison windfall. Assuming that both...

Doesn’t make sense though. Joy had the then council leader in her office and was unwilling to make an offer for100% of ACL with a smaller debt burden than it has now but they would consider getting into a 50/50 arrangement now with Wasps with an even higher debt burden, presumably that will grow...