Doc H Ball wrote:From a legal perspective though, I think the courts will take a different approach. It is not so much the market rate as 'did a private business benefit from State Aid?'
But the question now as then wasn't about did we receive state aid, it was did we receive state aid that wasn't available to anyone else, last time an argument (not one that I agree with) could have been made that yes we did as Newham were our partner, they were making available to our joint venture £40 million of public loans that Spurs or Orient couldn't access. This time any "state aid" is available to anyone who chose to make a bid so if we were the only bidders and bid a £1pa rent , there is not a lot anyone could do about it as they had the same opportunity.
Going back to my earlier comment about Man city, they took on a publicly funded stadium for an outlay of £20 million on a deal that I believe guaranteed no income to the council whatsoever ever, ie had their attendances not increased above the capacity of Maine road they would not have paid any rent, therefore there is a precedent.