Did someone trying buying the LSV to give to Leigh, are they not selling period or asking too much?

Just one small point with regards DVLA.
The logbook/V5 merely shows the registered keeper of the vehicle,the registered keeper may not necessarily be the person who has title to the vehicle.

As you were.

What a silly thread this has turned into , with lots of symantics and "Technically" I am sure you are all very knowledgable people but it doesnt matter how "technically" we owe money on the stadium or to who , the plain fact is that Saints decide how to use it , they take the gate reciepts , they earn from many revenue streams the stadium generates , SAINTS do , not the council, not any other entity , SAINTS!! so de facto we own the stadium

Have a think. Why is the act of taking your house away if you fail to keep up the repayments on your mortgage called repossession?

A house - or any other building - is legally owned by whoever has their name on the deeds and in the land registry. Simples.

Latest pics of the Warrington stadium can be seen herehttp://www.warringtonguardian.co.uk/news/9431361.IN_PICS__Seats_added_at_Wolves__home/?ref

Looking good!

looks classy

@Alex_Wolves on Twitter 360 view 360.io/kd9KXp

@Alex_Wolves on Twitter 360 view 360.io/kd9KXp

Agreed.

My only problem with our stadium arrangement is not that we don't 'technically own the stadium. It is that we don't decide everything that goes on there like you can. We don't have a club shop, we can't use all the facilities at will. We can't have a proper club shop on the site. We don't get the money from the kiosks.

Anybody trying to make out we have some sort of better deal than saints in this case is deluded.

We recover from this through our rent being less than the running costs of a stadium.

Do you get any income from the non-sporting activities at the ground? If not, you are at a significant financial disadvantage as the club's only income is RL-related.

That is so flawed.

You simply do not own your house outright which is the only real form of ownership until the debt is settled in full. Even with one payment left if you were to default the house would be repossessed and sold at auction for a price (theoretically) that covers the payment plus costs. In theory the BS can flog your £100,000 house for £500 if they wished. Though this is unlikely they will accept any auction price that meets the reserve which could leave you many thousands of pounds worse off.

How can you possibly own something that someone else can sell at a loss after as little as 8 weeks if you hit trouble.

Same applies to Saints. I fully agree they seem to have a very good deal and I honestly doubt Saints will ever look back if they are sensible. However they don't as a company or as individual own the club outright as suggested.

Doesn't that just make it collateral against a loan rather than the banks property?

You agree to pay them the loan back if not they seek alternate means to recoup the money, so they take what ever they can to secure their money back, I'm quite sure if you only had one payment left they'd probably just send the bailiffs around and take your TV and stereo or car rather than your house.

That's a very large chip on your shoulder

Thank you , a very sensible repsonse , we both agree that Saints and Wigan have differing deals both clubs are happy with what they have , end of

And the thread decends back into nitpicking

Don't know why people are arguing with Vastman. He works in print design; he knows all about home ownership and mortgages.