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It must be expert witness that was mentioned earlier.

The only law anyone has found on here that could be remotely contrived to law surrounding the sale of ACL was one Dave pulled up and that was specifically about freehold sales and specifically said that the council had to gain best value for the taxpayer. Value also didn’t have to represent a...

Doesn’t mean Wasps still wouldn’t have been the preferred bidder though. SISU’s argument is supposition. They did say it contravenes EU and U.K. law earlier in the day but I can’t see any reference to which particular law(s). You’d have thought that was important to that point. Unless of course...

Fact is the judge was listening to an appeal hearing where all he heard was an argument for an appeal. Over the next couple of days a panel of 3 judges are in a full hearing. Key words being full hearing. That means that they are being presented with the full arguments and counter arguments and...

But the suggestion is that a different process would have achieved a different outcome. The NEC sale doesn’t back that up. I doubt that anyone could argue that LDC didn’t get more pound for pound than Wasps did for the Ricoh. If you’re talking about value for money to the taxpayer it would seem...

A quick look and the NEC was purchased by LDC for £307M including the lease for two hotels and a 125year lease on the site plus more. NEC Group sale| Genting Arena Birmingham | Important information Not sure comparing the NEC sale to the Ricoh sale helps SISU’s argument when you consider what...

Have you never considered that CCC actually got more money by selling the two separate and the lease extension after the ACL sale than they would have if they’d paid to extend the lease then sell? I refer you back to my own experience. The previous owner didn’t extend the lease because it would...

I did it on the first place I bought. A flat with 80 years lease on it. Extended it by 90 years and cost me £2.5K plus expenses, I had to pay the landlords expenses to IIRC although it was about 20years and 3 properties ago so don’t remember exactly on the expenses. Anyway it didn’t add much...

Couldn’t have been. Wasps didn’t own ACL before the takeover so therefore didn’t have any legal rights to extend it. They had to purchase ACL first to do it.

Not really. The judge disagreed with them. SISU’s argument also didn’t consider the fact that ACL was the only entity that had the legal right to extend the lease, which is where the value is. JR2 seems to acknowledge that as they’re arguing that by ACL doing what it was always entitled to do...

Oh dear. Sounds like the judge is telling SISU that they’re pissing in the wind. Sounds like the mediation suggestion in the last round was trying to do SISU a favour, or the club at least.

Chippo too while talking about Moroccans. Don’t think Morocco ever made the World Cup in Safri’s time though.

Liking the business we’ve done so far both in and out. Long may it continue. Trying so hard to keep my expectations in check for next season though.

Which was why it was never worthless. The value was ACL always had the option to extend the lease but you had to own ACL first, as the option was available exclusively to ACL. Hence JR1 was bollocks as was the White Elephant comment. Like I said, the truth lies somewhere between JR1 and 2.

It certainly makes a difference which is why I say that the truth lies somewhere between JR1 and 2. JR1 however was argued on the basis that the council loan was made at that time. And the argument was that no commercial lender would lend as ACL was worthless.

Sisu didn’t argue that the Ricoh was worthless and no commercial lender would have lent to them because of that then?

Ultimately JR2 is going to counter argue JR1. JR1 was that the Ricoh was worthless, JR2 is that it was worth more than something that isn’t worthless and more than Wasps paid. The truth is somewhere in the middle. Looking at Wasps fortunes JR1 on balance looks more accurate than JR2. Yes that’s...

The only thing I can suggest is bereavement counselling. Had a cousin go through something similar a few years ago when she lost her teenage son suddenly in a car crash. She took antidepressants for a while but they only mask the root cause of the problems so she wasn’t really getting any...

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