Leaving aside the purely financial arguments, the problem with this, if there is one, lies with the principle of a 'sale' of SLAP to the SIC.
If that 'sale' price is simply something like paying the necessary legal costs to effect the ownership transfer plus the nomimal £1 'price' of the 'asset', then fine, no real issue. However if the sale involves the SIC paying the SCT more than that, its a whole other ball game, which basically boils down to us paying twice for the same thing.
The SIC represents and acts on behalf of the collective that is Shetland and Shetlanders, they also hold in trust assets on behalf of and/or in relation to their work on behalf of that collective.
Follow the money. The SIC in their above capacity entered in to an agreement with the oilys that saw money being paid to them on behalf of Shetland and Shetlanders, They decided to set up a dedicated fund to hold and adminster that money, that was the SCT, who in turn created SLAP. Ergo, SLAP and its assets are already ours, and always have been.
Had this transfer, if it goes ahead, taken place say 10 or more years ago, any money changing hands would have been relativey unconcerning, as with SIC Councillor domination on the SCT board of trustees, it would effectively been moving a few pound from one pocket of the public purse to another.
Things however are very different now since the SIC decided that if they could not control the SCT, that the 'sensible' way forward was to put it in the hands of a self-replicating, un-accountable, un-representative mafia. While SCT, and by extension SLAP assets may still tachnically, on paper at least belong to Shetland and Shetlanders, that's simply an illusion these days, as we have no control over them, nor over the people with control over them. They can do what they like with and to them, and there's zilch we can do to prevent them.
Any money that goes out of the SIC pubic purse for SLAP goes straight in to the SCT one, for those people to (mis)use as they see fit..... That in itself would be bad enough, but most galling is the fact that when the SIC created the current SCT constitution, the fact that in doing so they were in effect relinquishing any and all influence and control over assets held by SLAP that they themselves relied upon, should have been staring them straight in the face.
The Councillor trustees back then had the power to transfer the SLAP assets they had interest in out of SLAP and SCT control before they signed the SCT over to the new order, they for whatever reason, chose not to. So in effect they are now expecting us to be okay with them throwing away more of our money to the SCT, just to get back in to SIC control what we've always owned and still do own, but they were to stupid to protect our investment in.