Legal costs awarded? (2 Viewers)

Hobo

Well-Known Member
I thought they were borrowing at a state aid loan rate which normally are at 3.5%.

So there is an accepted rate for state aid? So state aid isn't always illegal, is that what you are saying?
 

James Smith

Well-Known Member
Pointed out a while ago that it means that ACL are paying out considerably more over the terms of this loan(To the tune of 10's of millions) than the original one with Yorkshire Bank which only had about 18 years left to run on it.
A nice little earner for the council then assuming that ACL repay it all.
No way to treat a local charity that.

I guess they would have agreed to it (as shareholders) so must think it's in the best interests of ACL.
 

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