Has Ainsworth expressed his views publically on the acl-sisu-Cov council debacle?
And it's in Westminster Hall not the Commons Chamber. Attendance wil probably be worse than in the Cochester end at the Ricoh on Tuesday.
any chance this will show up on BBC Parliament? Do they usually show this sort of thing? Would imagine a public record of the meeting would be available afterwards if not.
The debate is to be broadcast over the internet - here's the link:
http://www.parliamentlive.tv/Main/Player.aspx?meetingId=12785
Broadcast starts at 14:30pm but CCFC debate scheduled to start at 16:30pm
Thought I'd ask directly ... worse he can say is no..
To: ainsworthr@parliament.uk
Re:Adjournment debate Tuesday 12 March - Coventry City Football Club and the Ricoh Arena
Dear Bob,
As a supporter of Coventry City and a regular poster on http://www.skybluestalk.co.uk/ I would be interested in hearing how the debate on "Coventry City Football Club and the Ricoh Arena" you are holding tomorrow goes.
There is a topic about the debate on this site, which is how I came to hear of it, http://www.skybluestalk.co.uk/threads/27928-Ricoh-Arena-parliamentary-debate
It would be of great interest to me & many other posters to post minutes/transcript of the debate there, if that is a possibility.
Yours sincerely
My real name
This is more significant than people may think
Agreed !!
I wonder if Sisu will try to block it with there lawyers
You have no idea on Bob Ainsworth's stand point do you :facepalm:
Agreed !!
I wonder if Sisu will try to block it with there lawyers
I do believe they cant block parliamentary privelidge, so if Bob wants to say it, he can.
Why would SISU try and block it</p>
<p>if there is any parlimentary interest, I think it might be questioning the actions of CCC in using council funding to support ACL (a commercial company) !!!</p>
<p>We'll see</p>
<p> </p>
<p><img src="images/smilies/hat.gif" border="0" alt="" title="Pimp" smilieid="48" class="inlineimg" />
<p>
Doubt he would do ask that as its perfectly legal and puts cash into the public coffers. He's hardly likely to make himself look stupid.
Very few things qualify as "perfectly legal", and this is far from one of them. Closer to "hardly legal".
Whether or not it puts cash into the public coffers depends on the continued success of ACL. It might turn into a loss! No financial transactions are guaranteed to be successful but in any case public funding is not intended for financing any (nearly)"independent" companies - LA's are under great pressure to maintain spending on public services. Many are making cutbacks - are CCC insulated from all this?
How can they justify spending 14m on bailing out ACL in such a climate?
imp:
CCC have not spent their own money, they have borrowed it on better terms than ACL could.
Its still council funding!
imp:
Council borrow £14m from central government at favourable rates...... then lend that money on at a higher rate to a profit making body key to the redevelopment of a large part of the city, a body that the council is major stakeholder in and will reduce that body's costs and cash follows, plus because it is structured the debt reduces each month. Council and PUblic works Loan dept reasonably expect to be repaid in full
or
CCFC benefits from £45m in loans from a hedge fund (apparently) at 0% interest and still cant make a go of it, ....... CCFC in a volatile risky industry, annual losses, massive loans, going concern problems, liabilities increasing daily, poor track record, high credit risk....... source of funding unknown but hedge funds regularly invest funds for pension companies etc so could easily be making investments that affect each of us (we dont know)
My own view is that neither is wrong but you have to understand the risks and each has to accept the consequences if it all goes wrong
and the essential facts of what i posted are wrong then?
and read my last sentence again
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