Court Case Thread! June 2018 (1 Viewer)
- Thread starter wince
- Start date
skybluetony176
Well-Known Member
Captain Dart
Well-Known Member
Something myself & other have mentioned before and been lambasted for.
Continuing litigation is no good for anyone, least of all the fans.
lapsed_skyblue
Well-Known Member
At least SISU have followed the lead set by the Govt in the Brexit negotiations and dropped the requirement for a unicorn as well.
Besides, if you are going to ask for unicorns the minimum has to be a breeding pair, which would be rather optimistic in this case.
Besides, if you are going to ask for unicorns the minimum has to be a breeding pair, which would be rather optimistic in this case.
skybluetony176
Well-Known Member
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 again if it’s ordered that the council will need to be paid an extra £27M somehow and then SISU will share the running costs, costs of servicing debt etc. Looking at the last accounts ACL doesn’t look viable now let alone with 50/50 ownership. I’m starting to think this line is empty rhetoric.
HuckerbyDublinWhelan
Well-Known Member
You could go football income and expenditure to CCFC, Rugby in and out to wasps... all others split down the middle
oldskyblue58
CCFC Finance Director
the logic of that is that Wasps pay the council 27m then agree to compensate SISU by surrendering half the value of the Ricoh, I would assume SISU would refuse to share the loan burden which would see Wasps repay half the bond total of £35m because of the security given....... Cost to Wasps £45m
It would be cheaper for Richardson to fold Wasps and walk away
If this was included in mediation its no wonder they are back in court
It would be cheaper for Richardson to fold Wasps and walk away
If this was included in mediation its no wonder they are back in court
Nick
Administrator
No I meant the working relationship.
I don't buy it ,it's to the death I think
Captain Dart
Well-Known Member
Yeah, I think you're right, it is a statement which SISU have no intention of following through.
Captain Dart
Well-Known Member
Its the second half, the score is 0-0 and we're just about to go to VAR.
lifeskyblue
Well-Known Member
And that’s chaotic and farcical. So there you have it Moff...in a nutshell
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Sent from my iPhone using Tapatalk
Ideal
Esoterica
Well-Known Member
It will get interesting soon. The judge will order Joy to immediately marry Nick Eastwood. Just before they are about to tie the knot Timmy will pop out from under the judge's desk with a fresh 'milk' moustache before murdering everyone in the room Game of Thrones style. Boddy will then arrive on horseback, swinging Fisher on to the back and riding off towards a Ricoh Arena silhouetted by the setting sun, keys to the stadium jingling round his neck.
skybluetony176
Well-Known Member
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.
sw88
Chief Commentator!
Seems like a bore draw at HT to me **yawn**
Here’s hoping there’s a final result in tomorrow’s second half, I’ll even take sudden death in a penalty shootout, just get it over with. Please
mark82
Moderator
I know, this whole argument is well past its sell by date.
chiefdave
Well-Known Member
Is the judge going to question anything at any point or just allow the lawyers to come out with rubbish like this.
Unless someone can explain otherwise there is no reason CCC couldn't have sold the lease extension to ACL while it was under CCC & Higgs ownership. That would have a) made it easier for them to get finance from someone other the council as their assets would be increased; b) increase the value and therefore the sale price giving a better return to the taxpayer.
And as Nick says the sale of the lease was agreed at the same meeting as the sale of the Ricoh. The judge last time round pointed that out and said it should be treated as one transaction!
No wonder everything drags on so long when we have to keep going back over information already in the public domain.
Personally if i'd read over what had come before the first thing I'd want is the mediator in there saying what happened then I'd want a copy of the valuation from prior to the sale that has to date been kept secret. Lets have all the information out in the open.
Skyblueweeman
Well-Known Member
More to the point, how come lego-hair is back reporting this? I thought he had jacked this all in?
fernandopartridge
Well-Known Member
He's working for the BBC now though his tabloid Telegraph esque tweets wouldn't give it away
Philosorapter
Well-Known Member
Guys, enlighten me.
What was the reason for CCC having to sell their 50% share to the London rugby club first?
What was the reason for CCC having to sell their 50% share to the London rugby club first?
clint van damme
Well-Known Member
Gilbert is such an intuitive, intrepid reporter that he didn't notice one of the key players even though he was sat behind him!
Eat your heart out Carl Bernstein.
chiefdave
Well-Known Member
As far as I know there was no reason, it was just the way it was decided between Wasps, CCC and Higgs. There was zero chance Wasps purchased the council share not knowing if they would be able to purchase the Higgs share. Equally there was zero chance Higgs would accept our bid for their 50%.
Astute
Well-Known Member
By law CCC would have to extend the lease. And there is a formula to work out the cost of it. Wasps paid the top amount.
Highs wouldn't sell to SISU? They tried enough times. But SISU went back on the agreement made each time.
fernandopartridge
Well-Known Member
Stop making things up
