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Judicial review thread - day 2 (1 Viewer)

  • Thread starter AFCCOVENTRY
  • Start date Jun 11, 2014
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ccfcway

Well-Known Member
  • Jun 11, 2014
  • #386
cant you get a cheaper loan than 3.3% from the meercat ?
 

Rob S

Well-Known Member
  • Jun 11, 2014
  • #387
covmark said:
Sounds exciting
Click to expand...

It woke a few people up but I think they thought the session was over and were ready to jump up for the judge's exit. 5 mins to go...
 

Rob S

Well-Known Member
  • Jun 11, 2014
  • #388
ccfcway said:
again, as I understand it, it maybe a great investment, it maybe the worst ever, does it matter ?

Surely this case is ONLY about if its lawful ?
Click to expand...

This.
 

Grendel

Well-Known Member
  • Jun 11, 2014
  • #389
Danceswithhorses said:
Sounds like a good investment for CCC, ACL, and city of Coventry...win, win, win.
Oh hold on, who loses out here...SISU - guess they wished they'd played fairly now.
Click to expand...

I think its the club losing out. Who cares eh?
 
M

martcov

Well-Known Member
  • Jun 11, 2014
  • #390
Grendel said:
It's a fucking awful deal and on a company valued at less than half the loan,
Click to expand...

The value goes up and down according to who you believe. The figure was considerably more though if CCFC paid rent, hence the pie in the sky stadium to make the value of ACL go down. It will go up as soon as CCFC return as a paying customer ( if they do ).
 

ccfcway

Well-Known Member
  • Jun 11, 2014
  • #391
Rob S said:
It woke a few people up but I think they thought the session was over and were ready to jump up for the judge's exit. 5 mins to go...
Click to expand...

time for a last minute winner or own goal
 

covmark

Well-Known Member
  • Jun 11, 2014
  • #392
Rob S said:
It woke a few people up but I think they thought the session was over and were ready to jump up for the judge's exit. 5 mins to go...
Click to expand...

I think you'll have to spend the weekend in the pub after the borefest you've had to sit through pal.
 

Sub

Well-Known Member
  • Jun 11, 2014
  • #393
Now the Council QC says Sisu’s argument is riddled with fallacies.
 
T

The Gentleman

Well-Known Member
  • Jun 11, 2014
  • #394
covmark said:
What about ccfc, is it a good deal for us??
Click to expand...

This isn't about 'us' and never has been. Greedy hedge fund using us to try and make more money, yes. Council trying to protect an investment, yes. Where CCFC come into this I'm not sure.
 

TheRoyalScam

Well-Known Member
  • Jun 11, 2014
  • #395
Grendel said:
It's a fucking awful deal and on a company valued at less than half the loan,
Click to expand...

Yet YB were willing to loan £15.5m at a higher interest rate.......:thinking about:

So if you lent me say £14,400 over 41 years and I paid you £19,500 in interest alone (so a grand total of £34,300) you wouldn't bite my hand off?
 

ccfcway

Well-Known Member
  • Jun 11, 2014
  • #396
Sub said:
Now the Council QC says Sisu’s argument is riddled with fallacies.
Click to expand...

has he held up a pic of our new stadium ?
 

AFCCOVENTRY

Well-Known Member
  • Jun 11, 2014
  • #397
Sub said:
Now the Council QC says Sisu’s argument is riddled with fallacies.
Click to expand...
Or poo
 

ccfcway

Well-Known Member
  • Jun 11, 2014
  • #398
Grendel said:
I think its the club losing out. Who cares eh?
Click to expand...

not the judge. He only cares if its lawful or not
 
M

martcov

Well-Known Member
  • Jun 11, 2014
  • #399
Grendel said:
I think its the club losing out. Who cares eh?
Click to expand...

I don't think the club is even being considered here - apart from as an asset or rent paying tenant. Acheiving sporting success as originally planned by the founders is the least important factor in this court room.
 

Rob S

Well-Known Member
  • Jun 11, 2014
  • #400
ccfcway said:
time for a last minute winner or own goal
Click to expand...

More like Cov v Bristol in '77
 

shmmeee

Well-Known Member
  • Jun 11, 2014
  • #401
If the Council QC says "three weeks" I'm done.
 

Danceswithhorses

Well-Known Member
  • Jun 11, 2014
  • #402
covmark said:
What about ccfc, is it a good deal for us??
Click to expand...
Yes it should have been good for ccfc aswell, because it allowed ACL to offer a substantially better rent deal to ccfc, which if you remember, SISU turned down.
 

letsallsingtogether

Well-Known Member
  • Jun 11, 2014
  • #403
Valued by Who?

Was it a bit like when Ford give Jaguar employees £8.00 a share for a struggling company that was making shit cars then closed the local factories making over 2000 redundant. Made a bigger hash of it then sold he lot to a Indian value car maker who in turn made it stronger. Maybe Sisu should sell thier shares to a local conveneance store I'm sure they could make a better go at it.......

Grendel said:
It's a fucking awful deal and on a company valued at less than half the loan,
Click to expand...
 

Rob S

Well-Known Member
  • Jun 11, 2014
  • #404
Sub said:
Now the Council QC says Sisu’s argument is riddled with fallacies.
Click to expand...

“You mean my entire fallacy is wrong?”

 

covmark

Well-Known Member
  • Jun 11, 2014
  • #405
Danceswithhorses said:
Yes it should have been good for ccfc aswell, because it allowed ACL to offer a substantially better rent deal to ccfc, which if you remember, SISU turned down.
Click to expand...
Is that the 400k for 3 years and then back to 1.2m. Genuine question, I have cotton wool brain atm.
 

letsallsingtogether

Well-Known Member
  • Jun 11, 2014
  • #406
Nar he earns that in a week.

TheRoyalScam said:
Yet YB were willing to loan £15.5m at a higher interest rate.......:thinking about:

So if you lent me say £14,400 over 41 years and I paid you £19,500 in interest alone (so a grand total of £34,300) you wouldn't bite my hand off?
Click to expand...
 

shmmeee

Well-Known Member
  • Jun 11, 2014
  • #407
covmark said:
Is that the 400k for 3 years and then back to 1.2m. Genuine question, I have cotton wool brain atm.
Click to expand...

No, that was pre-Loan (I think). The "better" deal was the £150k one (or the rent free one - that's not actually rent free (for Torchy))
 

Sub

Well-Known Member
  • Jun 11, 2014
  • #408
Court told the lowest £6.4m valuation of ACL’s lease was based on ACL never getting rent from CCFC or any other anchor tenants for the remaining 43 years of ACL’s Ricoh Arena lease
 

Rob S

Well-Known Member
  • Jun 11, 2014
  • #409
Judge questioning CCC QC on time required. CCC QC waffling but says will finish before lunch (with 9.30 start) then ACL QC.

We may be done mid-afternoon..? Then judge's judging time...
 
L

Limey

Well-Known Member
  • Jun 11, 2014
  • #410
My take on things...SISU took too long playing hardball over ricoh value and were subsequently out witted. CCC will happily hold ccfc by the short and curlies to make ACL more profitable.
 
D

Deleted member 5849

Guest
  • Jun 11, 2014
  • #411
Rob S said:
Judge questioning CCC QC on time required. CCC QC waffling but says will finish before lunch (with 9.30 start) then ACL QC.

We may be done mid-afternoon..? Then judge's judging time...
Click to expand...

Now I'm really confused!

Who's winning the QC count in this case?
 

AFCCOVENTRY

Well-Known Member
  • Jun 11, 2014
  • #412
@TheSimonGilbert: Council QC says Sisu have taken blinkered approach. Ignored other ACL revenue streams and a potential return to the Ricoh to play in Nham
 

Sub

Well-Known Member
  • Jun 11, 2014
  • #413
Council QC says Sisu have taken blinkered approach. Ignored other ACL revenue streams and a potential return to the Ricoh to play in Nham
 

Rob S

Well-Known Member
  • Jun 11, 2014
  • #414
Overall summary...

TBH, it all comes down to how convinced the judge is at the end of submissions. No point in any second guessing or analysis really.

Interesting potential blows landed on both sides but wait until the final call.

No fun things released...

Negotiations to follow...PLEASE!
 

ccfcway

Well-Known Member
  • Jun 11, 2014
  • #415
Sub said:
Court told the lowest £6.4m valuation of ACL’s lease was based on ACL never getting rent from CCFC or any other anchor tenants for the remaining 43 years of ACL’s Ricoh Arena lease
Click to expand...

this bit i dont get, didnt ACL say its turnover was more than ever this year ?
 

olderskyblue

Well-Known Member
  • Jun 11, 2014
  • #416
What I don't understand (amongst many other things...) is this £400K deal that they now say was agreed. I know there was a £400K deal discussed, and everyone shook hands to say goodbye, but that can't be it surely?
 

Majik

Member
  • Jun 11, 2014
  • #417
ccfcway said:
again, as I understand it, it maybe a great investment, it maybe the worst ever, does it matter ?

Surely this case is ONLY about if its lawful ?
Click to expand...

Don't get me wrong - you're absolutely right, but surely the evidence of it being a sound investment lends weight to whether the public funds were misused? The SISU argument has had elements of "they did it to stop us getting it!" whereas the return on investment gives credence to a wise investment being the reason the deal happened (although the reality of it stopping SISU crippling ACL will surely come into it).
 

ccfcway

Well-Known Member
  • Jun 11, 2014
  • #418
Rob S said:
No fun things released...
Click to expand...

but wasnt this done so all the fans could judge once everything was out in the open ?
 

shmmeee

Well-Known Member
  • Jun 11, 2014
  • #419
ccfcway said:
this bit i dont get, didnt ACL say its turnover was more than ever this year ?
Click to expand...

But did the valuer agree? Several on here didn't when it was predicted.
 
T

The Gentleman

Well-Known Member
  • Jun 11, 2014
  • #420
Sub said:
Council QC says Sisu have taken blinkered approach. Ignored other ACL revenue streams and a potential return to the Ricoh to play in Nham
Click to expand...

Are we playing in Vietnam now?
 
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