FORUMS > Wakefield Trinity > Newmarket 'new' Heads of Terms Document |
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| Well that is worse than I even imagined it could be.
So they used the promise of a stadium to get land out of greenbelt for commercial use and now they are trying to use the promise of the same stadium to get planning changed to housing and linking the stadium trigger point to the housing. No promises, no timeframe and no guarantees
They want the new trust (which is registered as a charity) to manage the stadium so WT would get no extra income from the facilities. (They may get a percentage on match days, but have no control over the product as it will be contracted out, security will be contracted out....)
I have always said follow the money and this new charitable trust is the money maker - we have all seen recently how much some charities actually pay those running them. It can be hundreds of thousands a year and how generous their mates can be when awarding contracts.
It is no wonder those in the club and the original trust are spitting feathers! They would be mad to sign that lease which would be even worse than Salford's lease.
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| Quote: Slugger McBatt "Call me cynical, but I thought the old one was that the club rented at a peppercorn rent. The new one seems to say that the Trust (I presume Rodney's) gets the benefit of the peppercorn rent, whereas the club gets whacked for the full rent. Doesn't that change the beneficiary of it to Trust rather than the club? Who's making the money?
Also, conditional on Yorkcourt determining the viability of a housing development. They'll turn round and say, 'Not viable", thus ending the obligation.'"
Or make more money before meeting their obligations
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| In summary, therefore, no obligation to do anything until:
1. Yorkcourt conduct their own viability study into housing, with no time limit
2. Rodney sorts out an independently audited business plan, with no time limit
3. Construction contract preparation, with no time limit
4. the club sorting out an independently audited business plan, which seems to say that it has to be done before Rodney's even though it presumably can only be done after Rodney's
5. Planning permission being granted for the housing development.
6. The houses being built in sufficient quantity for an as yet undisclosed trigger point (subject to secret meetings to remove some of the cup-de-sacs from said trigger point).
Right, got until the end of the month to sort that lot out. Onwards and upwards. Is there an emoji for sarcasm?
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| Don't know how they have the bare faced cheek to ask for a trigger point in building houses before the start of stadium construction. They have already had that with the monstrocity of the big white box!
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| The sheer brass neck of Box and Mackie to even suggest those terms offer a viable solution knowing we need a ground by 2019
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| Quote: wakeytrin "Don't know how they have the bare faced cheek to ask for a trigger point in building houses before the start of stadium construction. They have already had that with the monstrocity of the big white box!'"
The trigger appears to be the viability of housing, not the building of them, but that's only at the moment. But it seems that it's Yorkcourt who determines viability.
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| I'm staggered. Clearly the work of rank amateur charlatans with absolutely no intention of ever building the stadium. What a mess this is.
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| When I saw that Rodney Walker was getting involved again with his new trust, I assumed (optimistically) that he saw a finish line in sight and just wanted to be the one to take the glory. But now I literally have no idea what he's doing. Unless he has something to gain personally by Yorkcourt not building a stadium then why is he even bothering with ridiculous proposals like this? He must surely still be having meetings and stuff with people from Yorkcourt, the council etc. Why is he just choosing to waste his own time? I genuinely can't see any point in what he's doing at the minute unless he has some hidden agenda (unfortunately he probably does).
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| Quote: Slugger McBatt "The trigger appears to be the viability of housing, not the building of them, but that's only at the moment. But it seems that it's Yorkcourt who determines viability.'"
Look at the obligations section slugger, trigger is construction of housing after viability assessed and further planning gain to YC granted
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| Quote: Tricky2309 "Look at the obligations section slugger, trigger is construction of housing after viability assessed and further planning gain to YC granted'"
Sorry, yes, I should have read down. I've amended my summary above.
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| We might as well call there bluff as it is never going to happen and extend our a stay at Belle Vue . Surely superleague cannot throw us out until Sir Rodders fails to deliver the stadium in 2019. At least we will get two more seasons of watching this Fabulous team playing in the old girl.
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| Also didn't box announce that YC had agreed newcold would count towards trigger point?
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| Quote: Tricky2309 "Also didn't box announce that YC had agreed newcold would count towards trigger point?'"
Maybe the old trigger points are gone and it's all about the housing development?
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| Another point is why are YC stipulating trust and club have to submit viable business plans as what happens once it's built is nowt to do with them unless of course they intend to retain a link to the walker trust to cream more money off.
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| Quote: Slugger McBatt "Maybe the old trigger points are gone and it's all about the housing development?'"
If so how box could allow this to be the deal is completely staggering
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