How many people will take a step back and have a double thing about their take on things after reading that? (granted, we need to also see the other side)
It will be interesting to see the other side, I take it SISU would have had to give Higgs all of their emails / minutes also?
“We would want this arrangement to be kept entirely private between
ourselves to allow us to conclude a rent deal with SISU... Our
concern is that they will walk away from the table if they think that
we have reached an arrangement with YB.
We would also ask that the details are kept private from Deloitte.
We will undertake to make only favourable press comment about YBs
involvement in this matter should it be concluded as outlined above.
The details will inevitably become public at some stage.
Equally, should YB do a deal with SISU they need to be prepared for
a major media assault from all the Stakeholders in the Arena.”
WTF?
Because of the way they have dealt with our club the trust has gone. Who would trust them to give anything over that might go against them. I wouldn't.
Hmmm, file deleted?
oops. I moved it within dropbox. I have put back in its original place now
oops. I moved it within dropbox. I have put back in its original place now
MR JUSTICE LEGGATT: These days, the usual approach is not, as it once was, to treat the counterclaim and the claim independently; it's to look overall at who the winner is and it seems to me that this is a case which has effectively ended as a nil-all draw, if I'm allowed to use the comparison.
MR BRENNAN: I think minus one each probably more accurately sums it up.
Ah but surely it wouldn't be too hard to just delete traces of said emails.... (I am not in the slightest saying they did).
Damn it! I was about to fire Dongo up to get the conspiracy underway.
Ah but surely it wouldn't be too hard to just delete traces of said emails.... (I am not in the slightest saying they did).
If you don't think they affect you personally adversely why take the risk (may have been the logic)
Oddly enough I was with my solicitor today and made the very same point when he said that that is what he would be requesting. He made a good point saying that all it takes is a leap to something that there was no trail to (maybe an answer to a question that there was no trail to it being asked for example) and the digging really starts, and most e mails end up being replied to and forwarded so there will generally be a good trail between a number of parties and if an individual does try and deliberately hold something back from a judge then they will be hung out to dry. In short it ain't worth it.
I'm by no means saying anything has been withheld, just didn't know if it relied on honesty
I will be very interested in hearing / seeing a response to the "rent holiday" as according to that document everybody knew it was coming and agreed / understood the reasoning behind it..... Which was certainly not the impression given to us through various articles in the Telegraph.
so it is hardly going to paint a rosy picture of the claimants position!SISU CAPITAL LIMITED, Defendant
and
(1) THE SISU CAPITAL MASTER FUND LIMITED
(2) ARVO MASTER FUND LIMITED
(3) SKY BLUE SPORTS & LEISURE LIMITED
(4) OTIUM ENTERTAINMENT GROUP LIMITED, Third Parties
Just finished reading the whole thing. Thought it was what the judge had said. Was about to join in with the ACL bashers and wondered what Higgs had been up to. Then got to the end and saw who had put it together :facepalm:
Points of interest? Many. But no idea what the truth is. If the judge believed half of it he would have awarded them 290k.
1a) These quotes are attributed to Martin Reeves from the August report
"I have been giving significant thought over the last few days to an alternative way forward to that that I was pushing with SISU last week – the details of this will come as no surprise to any of you as I have put it together during a number of discussions."
My proposal and its key features are as follows: "CCC should unilaterally buy out the loan and then refinance the YB loan to ACL, but with the support and agreement of Higgs as our partner..."
Doesn't that imply that SISU were made aware of the intention for CCC to buy out the loan and refinance?
No, to me it reads that they had discussed sisu buying out the loan, but he's subsequently thought of an alternative - CCC buying out the loan.
"An alternative to that that I was pushing with sisu" I.e. an alternative to what was discussed with sisu.
Sent from my iPhone using Tapatalk - so please excuse any spelling or grammar errors
This is also quite interesting:
65.
It further emerges from the contemporary documents that further key
requirements of the arrangements between the Council and AEHC, and
the Bank, were that:
(a)
ACL would refrain from taking insolvency action against the Club
until after ACL’s debt to the Bank had been paid off using the
Council’s Loan, presumably on the basis that making the Arena’s
anchor tenant insolvent would fatally undermine ACL’s viability
and would make the Bank’s ACL debt worthless.
(b)
AEHC would cooperate with the Council in a public relations
campaign designed to paint the conduct of the Council, AEHC and
ACL in as good a light as possible and to discredit the SISU
Group so far as possible.
Exactly, I will be extra vigilant with new members, but unfortunately there is no real way to tell
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