Two senior judges this time
This should set them buzzing in the WASPs nest
"Sisu QC indicates he would like commercial rate of interest to be applied to length of loan while it existed. Meaning ACL would ave to pay council more than they already have."
How much of that would Wasps actually be liable for? From the time they've owned ACL? Would that mean Higgs and CCC would have to pick up the balance?
So what's the new information that Sisu have given that makes the Judges believe they may be able to over turn the original verdicts? Any suggestions to what the smoking gun may be?
"Successful appeal could cost council big
We're all done here at the Court of Appeal.
Sisu legal team seem pretty pleased with that result.
The implications for the council, ACL and Wasps are potentially huge.
Sisu's legal team seem to believe the Wasps loan could be overturned.
Compensation figures involving many 0s are also being thrown around in conversation outside the court room.
Were talking a "substantial" amount of millions - possibly into the hundreds.
Reputation damage, loss of points, loss of earnings through being forced to move grounds are all likely to form part of the formula.
But of course, they would need to win the appeal to get that far"
How much of that would Wasps actually be liable for? From the time they've owned ACL? Would that mean Higgs and CCC would have to pick up the balance?
Wahey. Hundreds of millions .
Operation premiership is back on track
What wasps loan?
What wasps loan?
The way the whole sale to Wasps panned out won't have helped the councils defence and must have helped Sisu's case.
Wahey. Hundreds of millions .
Looks like old Ann is playing a blinder if Sisu win Greeater Birmingham will be picking up the tab brilliant
Probably read some of Ann's interviews in the CT.So what's the new information that Sisu have given that makes the Judges believe they may be able to over turn the original verdicts? Any suggestions to what the smoking gun may be?
So what's the new information that Sisu have given that makes the Judges believe they may be able to over turn the original verdicts? Any suggestions to what the smoking gun may be?
The judge could have dragged it out a bit longer. We'll have to go back to moaning about not signing Messi now.
The judge could have dragged it out a bit longer. We'll have to go back to moaning about not signing Messi now.
From CT feed -
"New arguments may have some merit
Judges say new arguments may have some merit. But fail to see what remedy can be applied now Ricoh loan has been repayed.
Sisu QC indicates he would like commercial rate of interest to be applied to length of loan while it existed. Meaning ACL would have to pay council more than they already have.
He also indicates they would seek compensation for two years, four months they were "sabotaged" and "had to move grounds" and "suffered adverse publicity"."
I wonder if they'll get any of the stuff they've asked for barring the interest rate. On the case of having to move grounds is that going to be easy to prove? The council could I suppose point to the fact that a deal was struck with that nice man Mr Appleton to finish the season at the Ricoh as proof that Sisu weren't forced out. Or they can ask Sisu to show some evidence that they were evicted/refused the chance to play at the Ricoh the following season.
.
Sabotage is going to be interesting to prove, I'm assuming they're talking about buying the mortgage on the cheap. But I thought that was covered in JR1/the Higgs case and it was determined that the Yorkshire Bank wouldn't sell it for anything like the sum Sisu proposed.
Adverse publicity? Not sure how that's going to be quantifiable let alone provable but will wait to be enlightened in October. Just wish this was all over quickly, ideally before the new season.
WASPS own ACL and so they ultimately involved
"Another spell in court?
Judge says there would be merit to hearing Judicial Review one and two together.
They say that would mean they could be minded to grant permission to appeal.
Discussing how long that hearing would take. Three days seems the consensus.
Looks like we could be heading for more time in court..."
Wahey. Hundreds of millions .
Operation premiership is back on track
Loss of revenue, ticket and merchandise sales should quantify some of it
So isn't this 'appeal' really rolling the current JR & the next JR into one?
If Sisu do win millions it won't be put into the club
Investors and property first I think
Aren't CCFC listed as interested parties (or something like that) in the case? Would that mean a portion of any compensation would be paid direct to the club?
Loss of revenue, ticket and merchandise sales should quantify some of it
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