Sisu have released a statement after failing in their appeal over a 2014 High Court decison over the £14.m loan to ACL.
A spokeman for Sisu said, "We are obviously disappointed by the Court of Appeal’s decision. This is the first time that this legal principle has been considered by the superior courts and, whilst we respect the views of their Lordships, this judgment conflicts with guidance given by both the UK Government and the EU Commission.
"Government bodies should not use access to public funds to further political and policy objectives in a way that adversely impacts competition between local businesses. There are significant public policy reasons why this matter should be reviewed by the Supreme Court. A reference of certain aspects of the matter to the European Commission is also under consideration. In the meantime, the owners remain fully committed to the success of the Club and this judgment does not affect that resolve in any way".