dongonzalos
Well-Known Member
No the email said that they would face an media onslaught if they did block it ( they didn't)
Are you saying that the bank blocked their reasonable solution? If you are does that not raise questions as to why?
Didn't what?
You appear to be talking to yourself here.
It was a private company.... but you keep playing the charity card
I'm not suggesting anything untoward necessarily, but they were talking about SISU buying out the distressed debt at about £6m, then when they go and do another deal.. the bank reject all offers up to the full £14m amount.
Why would they do that (and I mean the bank), if the talk was that £6m would have the got the deal done.
I think it is quite obvious if a charity and council attempt to do something to save a business and a bank blocks their reasonable solution. Of course it is likely the next tactic for the charity and council would be to ensure the public know what the bank did. It would be a natural step surely to try and exert pressure and ensure the bank accepted a fair deal.
There are lots of stories at the moment about banks ensuring business go under rather than do a deal.
Don't think you answered the question
If a big bank block a reasonable deal that leads to the end of a private company owned by a charity and a local council. Do you think they would turn to the press to attack the bank over the decision?
Don't think you answered the question
If a big bank block a reasonable deal that leads to the end of a private company owned by a charity and a local council. Do you think they would turn to the press to attack the bank over the decision?
Any chance of linking to your legal teams skeleton argument please?
Maybe YB got tipped off by someone who had left ACL with the full knowledge of the roadmap - someone who later became director at YB.
But as long as there is no evidence, then it's pure speculation.
If YB rejected a lower offer from CCC (and possibly had knowledge of any deal to buy the loan on the cheap) does it not blow out the water the idea that SISU could buy it on the cheap? Why would they agree to sell it at a lower price to one side?
If YB rejected a lower offer from CCC (and possibly had knowledge of any deal to buy the loan on the cheap) does it not blow out the water the idea that SISU could buy it on the cheap? Why would they agree to sell it at a lower price to one side?
Tell me more about these Private Eye stories.
If YB rejected a lower offer from CCC (and possibly had knowledge of any deal to buy the loan on the cheap) does it not blow out the water the idea that SISU could buy it on the cheap? Why would they agree to sell it at a lower price to one side?
Sorry - I usually cut up longer posts and reply outside quotes. But I got lazy
The £6m-£8m is from the transcripts - forgive me for not trawling through some 400 pages to find it. But maybe you will agree that it seems plausible as CCC went to YB with an offer of £8m.
And actually I have my doubts if YB would have accepted anything like that. Mostly because the former ACL chairman David Allvey knew the roadmap when he left - and we know he ended up at YB. I don't know if he told YB, but at least it is a possibility and if he did that could explain why YB held on till the number reached £14m.
The £6m-£8m is from the transcripts - forgive me for not trawling through some 400 pages to find it. But maybe you will agree that it seems plausible as CCC went to YB with an offer of £8m.
And actually I have my doubts if YB would have accepted anything like that. Mostly because the former ACL chairman David Allvey knew the roadmap when he left - and we know he ended up at YB. I don't know if he told YB, but at least it is a possibility and if he did that could explain why YB held on till the number reached £14m.
You would hope, if this is vital to SISU's version of events, that they can produce some evidence to back up their claim that CCC have overpaid. If they have some sort of HOT or letter of intent from YB then they can say CCC overpaid, if they don't have something like that, and someone from YB confirms that CCC made lower offers that were rejected, then that part of their argument falls apart.
Don't know why but you've just tweeked something in my grey cells.
Could there be another reason for the JR aside from the obvious gains we've all speculated on ?
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