spider_ricoh
New Member
Any idea when we are likely to hear what the court of appeal have to say regarding the JR?
Is has all gone very quiet probably for 2 reasons:
1) reading between the lines, it seems like ML was the main advocate of the JR (just as TF was with the rent strike). His departure probably has to do with the failure of the JR destroying his credibility; and
2) the SISU view was the point of the JR was to get us back to the Ricoh (by winning damages and taking 'payment in kind' from the council/Higgs in the form of ACL shares). With Wasps taking over ACL in a deal that is likely to include legal protection of their Ricoh lease, there is no longer any point in SISU appealing. They might win some damages but these are drop in the ocean compared to what they have pumped in and the massively worse situation they are in now, primarily as a result of their own tactics backfiring. They are also unlikely to win anything, given the initial high court judgement so only stand to claw back a little credibility by getting some aspects, rather than the whole verdict, reversed/nullified. If anything, the court might even take into account subsequent developments i.e. the Wasps takeover actually prima facie prove the council's case that the re-financing did not make it impossible for sports franchise to take on the ground.
Clearly now the main debate is the "new stadium" and what will happen, but, nonetheless, I would like to see final confirmation that the JR is over.
Is has all gone very quiet probably for 2 reasons:
1) reading between the lines, it seems like ML was the main advocate of the JR (just as TF was with the rent strike). His departure probably has to do with the failure of the JR destroying his credibility; and
2) the SISU view was the point of the JR was to get us back to the Ricoh (by winning damages and taking 'payment in kind' from the council/Higgs in the form of ACL shares). With Wasps taking over ACL in a deal that is likely to include legal protection of their Ricoh lease, there is no longer any point in SISU appealing. They might win some damages but these are drop in the ocean compared to what they have pumped in and the massively worse situation they are in now, primarily as a result of their own tactics backfiring. They are also unlikely to win anything, given the initial high court judgement so only stand to claw back a little credibility by getting some aspects, rather than the whole verdict, reversed/nullified. If anything, the court might even take into account subsequent developments i.e. the Wasps takeover actually prima facie prove the council's case that the re-financing did not make it impossible for sports franchise to take on the ground.
Clearly now the main debate is the "new stadium" and what will happen, but, nonetheless, I would like to see final confirmation that the JR is over.