The ground was sold to Cala, although Yorkcourt are now in the process of taking it off Cala's hands for what would be a final payment to WT of £350k.

The simple answer is that it's a problem for the Administrator to sort out!!!

Could someone please explain its probably been said elsewhere, how come we owe HMRC ? I thought Rodney Walker paid the debt off.

Previously answered

I appreciate the replies, RDM, so please don't take this questioning the wrong way.

BUT

I think most people on here were under the impression that we'd sold the ground to Gala and were still due half the amount in final settlement. Are you saying that in fact, all that is still outstanding from the sale of Belle Vue is 350K?

It probably is for the administrator to sort out, as you say.

does this mean we will be playing super league this year or not? i hope my catalan trip is not going to be spent in a bar in spain!!!

As was I until I met with the club last week.

Cala no longer want the ground, but are contractually committed. Yorkcourt offered them a way out, although it means that WT receive less than was remaining from Cala.

Definitely one for the Administrator to sort as it will depend on the contractual position between Cala & YC at the point the club enters Administration.

There are worse places to be.

Super. Thanks for the info.

Yorkcourt are coming out of this one quite nicely.

I would be very surprised if we didn't play in SL this season. Another club (presumably Widnes) wouldn't be able to assemble a squad able to play in SL in less than 4 weeks & if the RFL prevented us from playing in SL while under the control of the Administrator, they'd possibly be opening themselves up to claims from the club's creditors that the Administrator wasn't able to get the best value for the club.

So the prospect of administration is even more attractive then, as we were only going to get a third of the amount owed on the ground anyway through this deal. A bit naughty of the club not to reveal this information to shareholders though before agreeing it with YC. Just makes my signature seem all the more appropriate.

I thought at the stadium meeting at Belle Vue that Ted once said it was not Cala who had bought the ground, or was I mistaken ? Have they already paid us £1.1m why would they now not want the ground ?

I reckon we will go into administration at the end of the month then we just have to hope there is someone out there who is willing to take the club on, possibly one of the three previously interested parties.

It's just over half of what was left.



I don't know the full details of the negotiations, but if Cala wanted out & knew that WT didn't have the money spare to push them through the courts for the full amount of the contract the BoD have probably done the best thing possible by introducing YC to get them to take the land on instead. A little bit of something is better than a whole lot of nothing.

Its al very confusing if it was Cala who bought the ground and paid half to date ( well some time ago ) when was the other half due ? when we vacated Belle Vue ? So have Yorkcourt paid Cala their money back or some of it and do they now own BV but owe us some money ? In fact am really confused as to who does own the ground now or is it half way between someone who has paid us some money and the club.

More than that I think. Given the way the construction market has changed since they bought the ground in 2007/8 the construction industry has been turned on its head. What may have been a financially viable site then may not be now & it could well be cheaper for Cala to take a hit now rather than build the whole development & find that it costs them more in the long run.