barca72 440 Posted January 17, 2014 Share Posted January 17, 2014 Celtic State Aid @CelticStateAid4mGCC discounted Westhorn site by £3.5m for Celtic on basis of a geotechnical report that they refuse to release under FOI. Are they within their rights to refuse to release this information? Is there a mechanism that would force them to release it? 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,428 Posted January 17, 2014 Share Posted January 17, 2014 Celtic State Aid @CelticStateAid4mGCC discounted Westhorn site by £3.5m for Celtic on basis of a geotechnical report that they refuse to release under FOI. http://footballtaxhavens.wordpress.com/2014/01/17/only-thing-impaired-at-westhorn-appears-to-be-the-price/ 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,263 Posted January 18, 2014 Share Posted January 18, 2014 Could someone please summarize the OP's article in short layman's terms, please? 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted January 18, 2014 Share Posted January 18, 2014 (edited) Could someone please summarize the OP's article in short layman's terms, please? The suggestion if I understood it correctly was that the District Council deliberately caused the land to be over-valued by not instructing the District Valuer to allow for abnormal costs as a result of contamination. It was further suggested that a prospective purchaser such as Celtic FC might benefit because they could arrange a higher mortgage on the basis of the Council's survey but then negotiate a lower purchase price based on their own survey which did make allowance for the abnormal costs. Apologies to D'Artagnan and stand to be corrected by him if I've got any of that wrong. If you read my comments at #2, #5, #7 & #9 you will see that I don't agree with this analysis. Edited January 18, 2014 by BrahimHemdani typo 0 Quote Link to post Share on other sites More sharing options...
D'Artagnan 173 Posted January 18, 2014 Author Share Posted January 18, 2014 (edited) The suggestion if I understood it correctly was that the District Council deliberately caused the land to be over-valued by not instructing the District Valuer to allow for abnormal costs as a result of contamination. It was further suggested that a prospective purchaser such as Celtic FC might benefit because they could arrange a higher mortgage on the basis of the Council's survey but then negotiate a lower purchase price based on their own survey which did make allowance for the abnormal costs. Apologies to D'Artagnan and stand to be corrected by him if I've got any of that wrong. If you read my comments at #2, #5, #7 & #9 you will see that I don't agree with this analysis. Just to clarify - the suggestion re the mortgage values which BH alludes to - came from someone else following this article being published. I merely asked BH, given his knowledge of such matters, whether this was actually possible. But the link re the Geotechnical Report for the property is correct, I have seen letters where the enquirer requests the report from GCC and they refuse to provide it, only offering extracts from it, It should be remembered some of the various properties acquired by CFC from GCC for just over £1.5 million were then used as collateral/security against a loan from the co-op Bank for £34 million. Something is clearly not right - but the problem may well be with the bank - only those in Brussels will be able to extract the kind of information which will provide us all with some clarity. Edited January 18, 2014 by D'Artagnan 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,428 Posted January 22, 2014 Share Posted January 22, 2014 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted January 22, 2014 Share Posted January 22, 2014 ....................... and we all know what two yellows make 0 Quote Link to post Share on other sites More sharing options...
compo 6,165 Posted January 23, 2014 Share Posted January 23, 2014 anyone who knows that district could tell you that all the land fron London road right down the banks of the clyde as far as rutherglen is rotten with contamination this is a well know fact its due to all the ittle engineering factories that were based in the area we or anyone else don't need geotechnical reports to what I have known for years the main toxic poison is chromium the council have known that for the past forty years 0 Quote Link to post Share on other sites More sharing options...
D'Artagnan 173 Posted January 23, 2014 Author Share Posted January 23, 2014 anyone who knows that district could tell you that all the land fron London road right down the banks of the clyde as far as rutherglen is rotten with contamination this is a well know fact its due to all the ittle engineering factories that were based in the area we or anyone else don't need geotechnical reports to what I have known for years the main toxic poison is chromium the council have known that for the past forty years Funny you should say that Compo - but the chromium story is for another day 0 Quote Link to post Share on other sites More sharing options...
D'Artagnan 173 Posted January 23, 2014 Author Share Posted January 23, 2014 Ian I suspect - "organisations in which some directors have an interest, as directors or shareholders of the other contracting party" - will probably be the following :- http://www.companiesintheuk.co.uk/ltd/glasgow-eastern-development 0 Quote Link to post Share on other sites More sharing options...
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