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dboy "Quote: dboy "Where does it say IMG aren't including stadia in their criteria?'"
Paragraph from a report by IMG, 16/12/20
The bit about “it isn’t about building a new stadium “, I admit it’s a bit ambiguous.
I don’t think it’s similar at all (to licensing). We are not trying to find 15 clubs that fit into a league,” Dwyer said.
“It’s the criteria. From a learning one, the model that we created needs to be objective, transparent and clear to everyone and not subjective.
“It (licensing) was based on business plans rather than actuals. One of the challenges was that people weren’t sticking to those plans.
“We are looking at what you have actually done. It isn’t about planning to build a new stadium.”'"
I’d say we will be looked upon favourably then.
Academy Elite licence (the original not the extended pity Cas Tigers got after failing to meet deadline)
The most profitable club in the league (run well as a business/financials)
Investment of 12 million in stadia and pitch/etc.
Owning own stadium.
A good interactive community department who work well with charities and schools.
There’s a lot to be positive about and hopefully all the above we will be strong in. We may be less attractive in terms of a couple other aspects like attendance. But we are still set apart from those in league below and there’s room to grow in that regard.
Just need to keep the momentum and keep striving for improvement.
The new east stand opening should be a big event. I’d be looking to set up some pre match/half time entertainment and having a RWB theme.'"
So regarding ‘owning own stadium’ how much of the WMDC loan to purchase the stadium has been repaid?'"
That's not how property ownership and mortgages work.
Until WT default, they own the ground.'"
It’s not a mortgage, it’s a loan for £3.15m secured against the ground which had a value of £1.7m. Terms are 15 years and interest 2.5%
When the upgrade is complete the ground will be estimated at around the same amount as the loan.
In the first year the repayments should have been around £215,000
If Trin default on payments, WMDC can repossess and either demolish and sell on, or run the ground as a community project.
My question was, are the loan repayments currently being maintained, or don’t we know?
