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Les Reid @Lesreidpolitics 37m
The #CCFC High Court papers against Coventry council & what they reveal - More from me in a feature in 2m's @covtelegraph
From where ? Be specificThey may well show much more than that. I'm hearing Council have questions to answer.
Can't say too much. Could land the person who told me in big trouble, but papers apparently show Council could lose court case. Don't expect new owners.
Can't say too much. Could land the person who told me in big trouble, but papers apparently show Council could lose court case. Don't expect new owners.
I fail to see how this court case affects whether we get new owners or not. The two things are unrelated.
Totally related if court case puts Sisu and Council back in talks to seek settlement, as I'm led to believe it does.
Totally related if court case puts Sisu and Council back in talks to seek settlement, as I'm led to believe it does.
You may be right, but I'm pretty sure you're not.
Forget ACL. This is now about Sisu and the Council reaching a deal. If they do, exit from admin would follow, CCFC continues to play at Ricoh and all other issues wrapped up.
Almost as clever as what they are trying.If we're talking about rent deals then we can't forget about ACL, the Council has no legal authority to negotiate rent.
If your saying that the Council are looking at selling their share of ACL then that is feesable. However, Sisu have shown that they are strongly opposed to Councils using public funds to support local businesses, therefore Sisu would be looking at paying full market value for the stadium?
Don't forget the spat Les Reid had with Kevin Maton on Twitter. Maton was cagey about where the £14M came from and whether other Councillors were aware of the deal. More to this than meets the eye.
The whole council voted in favour of the deal!
Plus...if the loan is illegal, it might be feasible that CCFC Ltd could sue CCC/ACL for unfair practices...which led to them being put into administration - that could run to something like £40m perhaps...oh & then there are the damages for soiled reputation...& losing out in the hunt for promotion...could run to £100m by the time they have finished.
You couldn't make it up...
PUSB
ccfcltd don't exist anymore do they ? They are in the hands of the administrator or so i thought. I get confused, i thought ccfc ltd and ccfc holdings were seperate, ltd having no assets or employees.NO Win No Fee I say
Is the judicial review tomorrow ?
I think the next fortnight is critical to our football club. There will be rumours and counter rumours but i do believe there are things going on behind the scenes, there has to be, i just can't see either side just sitting back waiting for a judgement too much of a gamble.I think the most important case is the one in may, where is the GS?. This other case that may not even need answering its Sisu again trying to confuse and distract most away from the more important case, its called misdirection.. .
Plus...if the loan is illegal, it might be feasible that CCFC Ltd could sue CCC/ACL for unfair practices...which led to them being put into administration - that could run to something like £40m perhaps...oh & then there are the damages for soiled reputation...& losing out in the hunt for promotion...could run to £100m by the time they have finished.
You couldn't make it up...
PUSB
Erm... just to be clear, the Council haven't actually got to court yet. These papers (which are public record, so no great secrets to get sacked over) relate to an application for judicial review - only if that application is successful will there be a case to answer. Even then, what if it goes all of the way through, and SISU win the case - what then?
The remedy to resolve this 'injustice' would most likely to be that ACL have to obtain finance from elsewhere - that doesn't mean that SISU necessarily get to buy the debt. It also doesn't mean that the Council lose any money (other than in legal fees to defend the case).
And this doesn't directly influence the Administration issue either, other than perhaps muddying the water for prospective purchasers. There's nothing in this to stop the Higgs company from selling their 50% share to a new owner, at least as far as I can see. Happy to be corrected though...
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