Please accept my apologies if this has already been discussed but what is the latest on the lease of Belle Vue? The last I remember reading was the site had been sold by the Bank of Ireland for a housing development and that's why the Newmarket site was required. Has this now changed?

BoI still own BV. There is an approved PP for housing, but tied by a covenant that means it can only be re-developed if WTW have an alternative stadium to move to.

IF we go with the BV option, the ground will need to be bought back from the bank!

classic

What is the current state of the ongoing legal proceding to remove that covenant?

How much is that land with the PP currently 'for sale' for?

A few more questions as some of this seems just a little too good to be true. I hope it isn't but you know what they say about that....

Where are YC getting the mythical £10million from to pay for us to revamp BV? They were skint last I saw and any money raised from sales would have only serviced their sizable debt?

What timescale are we talking about here for the development to commence? Is it still after a certain amount of other development has been built and occupied or does that not matter anymore? The Newcold development was seperate wasn't it? The rest didn't yet have FULL PP just outline didn't it? Is this also a trigger.

Are their likely to be any planning issues regarding the dev. of BV? Could we end up with another resident battle with things like lack of light, increase in traffic, noise pollution etc being grounds for refusal or are the council fully onside with this?

Here's hoping it goes ok.

If YKP pay say 8 to 10 million for the BV upgrade which (like Sixtogo says is doubtful they have) who will pay the BOI for the lease of the ground back ?

I would have thought the money to buy BV would be part of that 8-10 million wouldn't it rather than on top of it?

I'm not going to comment on values in what maybe an ongoing negotiation - sorry.

The covenant is being protected currently and hopefully for the duration required. There is a string case now that it could remain ad infinitum.

All good questions. Too good and too soon to be giving full appraisals on a public forum.

Any package agreed around BV will have to include the purchase of the ground and Superbowl.

Just curious, but does that land give you sufficient space to redevelop BV in a way that would allow you to grow as a business or would you just be maintaining your current level?