This!

The news of the outcome was going to be a month later...2 and a half months ago

No, it doesn't help at all.

I'm not interested in getting to an argument with you on this - I'm just expressing a view based on my observations; I'm not stating that any of them are a fact, nor am I suggesting that any of my predictions will come true - just thinking aloud.

It's an interesting aspiration though that the sale of WR, given that it's current market value will be significantly less than it was when RW first kicked his spin machine into life, will raise sufficient cash to wipe all the clubs debts AND fund the build of a brand new stadium. Good luck with that one.

all of a sudden I thought I'd clicked onto the cas website

nervous times eh !!

I hope it comes off for you, when you've paid any debts you may or may not have you can throw the rest at the stadium build, good job you did that buy a brick thing otherwise you could not afford enough bricks.


Well thats what my dad says

They'll be an announcement soon enough but its not quite gone as well as hoped from a financial point of view. A lot of wheeling & dealing has had to be done and the deal on the table isn't as lucrative as once was hoped. That sadly is just the way of the world and supermarkets are cutting back on their generosity.

So if you are using some of the proceeds from the sale of WR on clearing debts, you do realise you will be liable for a sizeable bill through capital gains tax don't you? That will put a bit of a hole in funding for GH will it not? HTH

RW already said that a few months ago.

The deal isn't as much as originally thought but enough to get one built. But the wait is getting beyond a joke now.

Possibly back to the two stand stadium?

Article in tomorrows match day programme about Newmarket by A Glover should be a good read.

I know exactly the situation, ta.

Business Asset Roll-over Relief.

As Cas will be reinvesting the money they make into a new asset they can apply for tax relief on the above, which will enable them to postpone paying any tax until the new asset is sold.

So hopefully a win-win. We both want our own grounds.

Well googled.

But as you've now read wikipedia i guess you'll know that it only counts for the money you put in the new business premises. Any used for other reasons, i.e. paying off other liabilities is subject to taxation. So as your ceo has already admitted a shortfall on the original plan then i doubt you'll be using your gains to pay off your debts, thus you'll not be debt free when you move.

If Jacks family still want their inheritance back from the sale then that couple of million will be interesting HMRC. So i guess you'll have to transfer debts from WR to GH otherwise it will never get built.

I very much doubt you do, you know what Richard has told you. He told you that the plans are ready to go in. Yet he also told you there were talks taking place with two different operators. Who both have seperate designs needs. So have Opus paid twice for two lots of plans then depending on who signs the deal? Or do they have a draft that will need detailed plans drawing prior to submition? If you think its the former then you are very naive. Things are moving and it will happen but don't expect it to be soon.

Back to our districts community stadium Day - 16 and counting #newmarketnewopportunity