Sounds like conflict of interest - Ricoh Arena contract (2 Viewers)

If the 2 directors signing the rental agreement were directors of both entities I do not see what the problem is. It happens regularly in business, the directors have different personalities as regards each entity.
They wear the ACL hat when signing for ACL and act in the best interest of that company and ditto when they sign for CCFC.

skyblue2k said:

I think and have the feeling that this is what CCFC is saying is not the case.

ie 49 year lease and rent at £1,200,000 per year, with know break points or anything to tie in with reduction in rent if incomings / league position decreases.

A friend mentioned that it was mentioned in yesterdays commons debate and in today's telegraph?

Click to expand...

While not being a party to the original negotiations between ACL and CCFC, it would appear that CCFC were pretty naive in not including break clauses and rent reductions for demotion. Their legal advisors should have pointed this out.
ACL had a duty to get the best possible deal for itself and was under no duty to offer CCFC concessions.
SISU had the opportunity to flag this when they carried out due diligence prior to completing the purchase of CCFC, they chose not to.
Both parties would have discussed the matter at board level and a record of the meeting should be available.

skyblue2k said:

I think and have the feeling that this is what CCFC is saying is not the case.

ie 49 year lease and rent at £1,200,000 per year, with know break points or anything to tie in with reduction in rent if incomings / league position decreases.

A friend mentioned that it was mentioned in yesterdays commons debate and in today's telegraph?

Click to expand...

the link is on the debate thread..Cant remember that being said.