I'm not suggesting anyone has done anything wrong outside of that included in the judicial review judgement...but the parties who brought the Judicial review were
Sky Blue Sports and Leisure
Arvo Master Fund
Coventry City Football Club (holdings) Ltd.
To be honest, I hope that no one goes down the 'Conspiracy' road, as I don't think it's going to help us get back to the Ricoh. But since Labovitch seems to have implied that ACL and CCC might have conspired against SISU, I think it's only fair to consider the possiblity of the reverse option where people within SISU (in it's various corporate incarnations) might have done something similar to ACL. The law is here, fwiw:
To be honest, I hope that no one goes down the 'Conspiracy' road, as I don't think it's going to help us get back to the Ricoh. But since Labovitch seems to have implied that ACL and CCC might have conspired against SISU, I think it's only fair to consider the possiblity of the reverse option where people within SISU (in it's various corporate incarnations) might have done something similar to ACL. The law is here, fwiw:
It does seem to point at a conspiracy between ARVO, Holdings and SkyBlue as they conspired against ACL by unlawfully withholding rent in order to distress ACL and obtain stadium control on the cheap. The victims of this conspiracy being ACL directly and CCC and Higgs as third parties. Ultimately tax payers and beneficeries of a charity. I think that regardless of loyalty to CCFC ( the club and not the owners ), someone should start an action against the SISU group. This whole affair - stadium control, constant litigation etc. - has nothing whatsoever to do with acheiving sporting success on the football field. It is all about returns for Cayman Isles investors. If city occaisionally benefit, that should be seen as a bonus - usually more by luck than judgement e.g. drawing Arsenal away or selling CW.
SISU admitted in court that they wanted nothing short of a stake in the stadium - which proved that they ( probably being just Joy ) were never interested in a rental deal and were therefore just playing for time in the hope of the inevitable collapse of ACL. Unfortunately for them, ACL is part owned by a local authority with a great deal of resources and a good credit rating which is why Joy miscalculated on by how much the YB would discount the loan and didn't foresee that CCC would be able to restructure the loan themselves. She is used to "doing down" commercial companies - not local authorities.
These tactics would have probably worked with a cardboard box factory, but there are too many people involved here and there are thousands of taxpayers and football fans watching. The trick of letting one company ( now two with Holdings ) go under, lose the golden share, find the golden share and then carry on with another company - apparently formed in advance for this purpose ( or one hell of a piece of luck to have Otium waiting in the wings) - is open to public scrutiny.
I hope SISU gets what it deserves - costs without end and endless bad publicity. Joy has been a real let down and apparently even Tim thinks she is "bonkers".Enough is enough and she should cut her losses and go.
To be honest, I hope that no one goes down the 'Conspiracy' road, as I don't think it's going to help us get back to the Ricoh. But since Labovitch seems to have implied that ACL and CCC might have conspired against SISU, I think it's only fair to consider the possiblity of the reverse option where people within SISU (in it's various corporate incarnations) might have done something similar to ACL. The law is here, fwiw: