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Quote: WakiLeaks "They would be missed by whoever had guaranteed the loan.'"


That's why the council will never agree unfortunately. I don't think anyone else would miss them if they pitched up in Leeds instead of round here.

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Quote: wrencat1873 "If the council were so minded, surely their legal team could be a little more pro active and ensure that a company whom were part of the deal to turn green belt land into industrial land, wouldnt be allowed off the hook.
Although it's naive to think that all sorts of companies are very clever about finding loopholes to avoid their obligations, there was a huge chunk of land, re classified on the proviso that a community stadium awa "given" to the people of Wakefield.
If as it appears, they are not going to keep this commitment, what legal options do WMDC have.
I know this doesn't help us with tomorrows deadline but, they appear to be taking the mickey big time and a local authority should have the commercial where with all to enforce the required building work.'"

They could at a guess apply to put the land back into greenbelt and make it pretty much impossible to develop, although the land ownership wouldn't change. Doing that though makes it pretty much wipes out any faint hope of another developer taking it on thanks to all the red tape and expense it creates.

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Quote: wrencat1873 " If as it appears, they are not going to keep this commitment, what legal options do WMDC have.
I know this doesn't help us with tomorrows deadline but, they appear to be taking the mickey big time and a local authority should have the commercial where with all to enforce the required building work.'"


What can they do until there's another 60,000 sq ft on there? Yorkcourt haven't done anything illegal yet (I don't think so anyway).

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Quote: jakeyg95 "What can they do until there's another 60,000 sq ft on there? Yorkcourt haven't done anything illegal yet (I don't think so anyway).'"


That's how I understand it. Morally their reluctance to develop anything else and the separate application for new cold is the issue but that doesn't get a stadium built

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Quote: jakeyg95 "That's why the council will never agree unfortunately. I don't think anyone else would miss them if they pitched up in Leeds instead of round here.'"


I agree entirely.

MC has said that he will more than pay back any interest and, it will cost WMDC nothing.

That is a very noble gesture however, unless he is also willing to stand as guarantor to the loan, presumably moot.

If York Court liquidate or walk away, the council would be left with a loan they couldn't pay.

Presumably without a benefactor, neither could the club.

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Quote: WakiLeaks "I agree entirely.

MC has said that he will more than pay back any interest and, it will cost WMDC nothing.

That is a very noble gesture however, unless he is also willing to stand as guarantor to the loan, presumably moot.

If York Court liquidate or walk away, the council would be left with a loan they couldn't pay.

Presumably without a benefactor, neither could the club.'"


The stadium itself would be the guarantee once completed. If for whatever reason the council were unable to compel Yorkcourt into paying the loan and Trinity were forced to move out then the council could have it in the terms that the stadium trust would revert the stadium into council ownership

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And as I said previously, multi-purpose Stadium could make the city as well as attract other businesses

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Quote: Egg Banjo "The stadium itself would be the guarantee once completed. If for whatever reason the council were unable to compel Yorkcourt into paying the loan and Trinity were forced to move out then the council could have it in the terms that the stadium trust would revert the stadium into council ownership'"


What use is a stadium to the council?

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So Trin move out and the council are left with a stadium with nobody using it.

Unless I'm missing something, what income are they paying the loan off with?

Let's remember that NM is far from a prime site for a stadium and we are only there because we have no other options.

It would become a bigger white elephant than the Millennium Dome.

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Quote: Egg Banjo "The stadium itself would be the guarantee once completed. If for whatever reason the council were unable to compel Yorkcourt into paying the loan and Trinity were forced to move out then the council could have it in the terms that the stadium trust would revert the stadium into council ownership'"

And then to get the money they either kick us out and sell it off or they charge full rent and take the day to day proceeds, screwing us up either way.

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Quote: WakiLeaks "So Trin move out and the council are left with a stadium with nobody using it.

Unless I'm missing something, what income are they paying the loan off with?

Let's remember that NM is far from a prime site for a stadium and we are only there because we have no other options.

It would become a bigger white elephant than the Millennium Dome.'"

Why would we move out?

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Quote: M62 J30 TRINITY "Why would we move out?'"


Sorry, I meant to quote Egg Banjo's post where he said "If we were forced to move out.

I'm trying to do this on an iPhone on a very bumpy train.

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Quote: WakiLeaks "

It would become a bigger white elephant than the Millennium Dome.'"


You mean the premier indoor stadium in the U.K?

If that's a white elephant, we'll have some of that.

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Quote: M62 J30 TRINITY "Why would we move out?'"


MC has already played the hand that if terms aren't favourable for the club he will/would leave the district. Would you enter into a long term financial arrangement with someone who did this; Particularly if you were the only one with your finances at risk?

I genuinely do feel for the fans as it you are in a horrendous situation, one that I can't see ending well. Unless the developed does the honourable thing & either builds the facilities as promised or is willing to step aside to allow a different developer to do so.

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Quote: WakiLeaks "Sorry, I meant to quote Egg Banjo's post where he said "If we were forced to move out.

I'm trying to do this on an iPhone on a very bumpy train.'"


Forced to move out by the club's own hands, by going into liquidation

211 posts in 15 pages 
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Subscribe | Moderators: Admin, PopTart , kinleycat , Wildthing
211 posts in 15 pages 
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Subscribe | Moderators: Admin, PopTart , kinleycat , Wildthing



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