FORUMS > Wakefield Trinity > Stadium for sale? |
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| Interesting.
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| I wonder if they're open to offers of a lesser value
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| Would the fact it has staged the Challenge Cup final, possibly put it in the 'iconic' stadium category??
Seems quite a reasonable starting price. Just a shame i'm about £599k short otherwise id be interested
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| I can't remember what the new lease was (£125,000?), but if you think logically, it's not a bad investment. If it is £125,000 (that's a guess), for example, you've got your money back in five years, whilst sitting on a pile of real estate.
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| Quote: Pound 4 Wrighty "Would the fact it has staged the Challenge Cup final, possibly put it in the 'iconic' stadium category??'"
Only replays count, due to their rarity.
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| Why the Community Trust doesn't buy it is utterly bewildering.
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| Quote: rlfan "Why the Community Trust doesn't buy it is utterly bewildering.'"
Same problem as me. Not enough brass.
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| Quote: rlfan "Why the Community Trust doesn't buy it is utterly bewildering.'"
Because then you've given up on Newmarket.
On the other hand, let's say someone has offered to buy Belle Vue, and it's an organisation like the Community Trust, perhaps you have to open it up to the wider public so that you can't be accused of doing undervalue deals, with the Trust being a nonprofit-making body.
I'm only speculating, thinking of all the angles.
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| I don't know if the supposed covenant exists about providing alternative sporting facilities, but another way of looking at it is that we have five years to build a new ground.
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| Quote: Slugger McBatt "I don't know if the supposed covenant exists about providing alternative sporting facilities, but another way of looking at it is that we have five years to build a new ground.'"
Yeah it exist.
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| Perfect opportunity for council to buy ground. Lease it to the club and set community stadium development ball rolling.That way noone can say council wasting money as they get an income ,community gets its facilities and club get stadium fit for purpose.
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| Quote: vastman "Yeah it exist.'"
Vasty could you please tell me where the covenant is ? I've searched high and low and been through the Title for Belle Vue and there is no covenent recorded and that is where covenants are normally recorded.
There is a Planning Condition on the current housing consent that states that BV cannot be developed until the stadium at Newmarket is built and fit in which to play Super League games. You are not thinking of this are you ?
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| If we've reduced our annual rent to 75k for example and we make a cheeky offer of 450k for the land that equates to just 6 years worth of rent, surely there's a way to put that together.
If/when Newmarket happens we then have a saleable asset that, because we're leaving, can be used for housing which in turn should bump up the value of the land.
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