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Player Coach | 7122 | Bradford Bulls |
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Dec 2007 | 18 years | |
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| Quote Tricky2309="Tricky2309"Obsessed that’s you when it comes to Wakey. I was just offering an opinion as to why MC and other SL chairmen might have expressed an interest in the lease.'"
Chill out sweet cheeks.
Without knowing what the terms of the lease are I’ve no idea what it’s worth now. The value was clearly inflated to cover the loan that Peter hood took out and couldn’t pay back.
If it’s still the case that we can walk away next year it surely reduces its value as a ground.
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Player Coach | 1978 | Bradford Bulls |
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Dec 2010 | 15 years | |
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| Quote Tricky2309="Tricky2309"Obsessed that’s you when it comes to Wakey. I was just offering an opinion as to why MC and other SL chairmen might have expressed an interest in the lease.'"
Its because its more than common knowledge what the value of the site as landfill is. All Carter wants to do is try get his greedy little paws on a slice. No more no less
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Player Coach | 1978 | Bradford Bulls |
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Dec 2010 | 15 years | |
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| Quote Tricky2309="Tricky2309"Well it was a pretty terrible investment by the RFL if it’s lost over 45% of its value in 6 years and raised questions about why they paid what they did for it in the first place. MC has said he would pay more than 750k for it so that suggests it is worth more than that amount'"
Case and point. Also if he has that kind of money why is he constantly crying the poor tale of how under cap you are?
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Player Coach | 1978 | Bradford Bulls |
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Dec 2010 | 15 years | |
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| Quote Godiswithers="Godiswithers"Have the RFL ever stated how much the loan on which the lease was secured and how much was repaid?
Just in case people have forgotten how the RFL obtained the lease in the first place.'"
No, but somewhere on the TotalRL forums someone actually posted the agreement betweent he RFL and the finance company. It does beg the question though has the loan been repaid or still secured against?
I saw on another post that YorkCourt were involved telling Carter not to buy BV. Isn't it a lot to do with them why you have been held up regards a new stadium? And I take it the chance to buy the ground has come and gone?
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Moderator | 10969 | Bradford Bulls |
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Mar 2002 | 23 years | |
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| One thing puzzles me slightly - what can any new owner of the head-lease do 'with the land' when we have a sub-lease which, as along as we stick to the rules of said lease, allows us to use the land for many more years (I forget how many but I think it would still be over 100)?
Without our approval I can't see any real value in the head-lease, unless they would be allowed to increase the rent. Even if the land itself were bought from the council our lease would still be intact.
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Club Captain | 1226 | Bradford Bulls |
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Apr 2016 | 9 years | |
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| ...a white hole?!?!?!?!
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Club Coach | 5880 | No Team Selected |
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Mar 2005 | 20 years | |
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| Quote Bulliac="Bulliac"One thing puzzles me slightly - what can any new owner of the head-lease do 'with the land' when we have a sub-lease which, as along as we stick to the rules of said lease, allows us to use the land for many more years (I forget how many but I think it would still be over 100)?
Without our approval I can't see any real value in the head-lease, unless they would be allowed to increase the rent. Even if the land itself were bought from the council our lease would still be intact.'"
Think you might be a bit confused here.
As I see it, the council own the freehold. The RFL own the leasehold. We don't own anything, we are simply tenants.
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Player Coach | 7122 | Bradford Bulls |
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Dec 2007 | 18 years | |
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| Quote Nothus="Nothus"Think you might be a bit confused here.
As I see it, the council own the freehold. The RFL own the leasehold. We don't own anything, we are simply tenants.'"
Correct and the only covenant that made out we had to play there was up to 2019 and probably doesn’t apply anyway as that company went bust.
Unless we’ve signed a lease agreement (which you can always get out of anyway) the purchaser would end up with a 90 odd year leasehold with massive up keep bills and no real income. They’d have no right to change the use of it either unless the council agreed to it which would mean paying them off.
It’s carter and the rest stirring the sh17 as usual in my opinion.
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Player Coach | 7122 | Bradford Bulls |
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| I for one can’t wait for chalmers’ column in the t&a this week.
I’m really excited. It’s good to know we’re still a thing in the eyes of top 8 superleague clubs. Even sh17e ones.
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Moderator | 10969 | Bradford Bulls |
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Mar 2002 | 23 years | |
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| Quote Nothus="Nothus"Think you might be a bit confused here.
As I see it, the council own the freehold. The RFL own the leasehold. We don't own anything, we are simply tenants.'"
The RFL have the Head lease, we have a sub lease - if we were simply 'tenants' we wouldn't have the responsibility of repairs to the stadium, which we do, as it part of our lease agreement.
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Moderator | 32299 | Bradford Bulls |
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Dec 2001 | 24 years | |
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| On the subject of upkeep it'd be interesting to know what it's cost us over the past couple of years. In the days of Hood he used to go on about how much the stadium cost in upkeep and how it was a financial millstone. He used to bring it up at every fans forum. Duffy used to go on about how it cost thousands to get a troublesome drain unblocked to further illustrate this point.
Now assuming that all that was correct then I don't expect much to have changed. The only difference is the Rooley Lane end terracing which is now not used. Maintenance of that may have been curtailed which may have reduced costs.
One things for sure, some bits of the stadium do need some work urgently. It's not far of Belle Vue standards in some areas.
If we do ever make it to the middle 8s then we're going to need the Rooley Lane terracing again soon, hope it isn't going to cost much to bring it back into use.
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Club Captain | 1444 | Bradford Bulls |
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Mar 2016 | 9 years | |
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| Quote Bullseye="Bullseye"On the subject of upkeep it'd be interesting to know what it's cost us over the past couple of years. In the days of Hood he used to go on about how much the stadium cost in upkeep and how it was a financial millstone. He used to bring it up at every fans forum. Duffy used to go on about how it cost thousands to get a troublesome drain unblocked to further illustrate this point.
Now assuming that all that was correct then I don't expect much to have changed. The only difference is the Rooley Lane end terracing which is now not used. Maintenance of that may have been curtailed which may have reduced costs.
One things for sure, some bits of the stadium do need some work urgently. It's not far of Belle Vue standards in some areas.
If we do ever make it to the middle 8s then we're going to need the Rooley Lane terracing again soon, hope it isn't going to cost much to bring it back into use.'"
Rooley lane gets used once a year for the fire work display and the monster trucks. Surly the only reason they don't open it is to save on steward costs.
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