Re: Future.. how soon till we know : Fri Oct 12, 2018 10:16 pm  

reffy wrote:

How much is the 11% worth if they were sold?

£7.15 Million.

Thats 11% of the stadium.

LSV 11% ..

£13.42 Million.

Re: Future.. how soon till we know : Sat Oct 13, 2018 12:16 am  

Atomic.

You said that an offer of £65M had been made by one prospective investor for the Stadium, however IIRC the build cost was nowhere near that & it's value even today is probably nowhere near that.

Also, who do we know apart from the cranes guy who has ever offered to by the Stadium ?

Re: Future.. how soon till we know : Sat Oct 13, 2018 2:04 am  

Ste100Centurions wrote:

Atomic.

You said that an offer of £65M had been made by one prospective investor for the Stadium, however IIRC the build cost was nowhere near that & it's value even today is probably nowhere near that.

Also, who do we know apart from the cranes guy who has ever offered to by the Stadium ?

I said that had been declined, as in buy all or nothing. The paperwork as I'm aware was ready for signing months ago at £122 million pound..

Build cost? You build things to make a loss?

House's cost quite a bit these days.. Probably 10 fold they were built for.

Your thought of new build £50M is well out of range for selling.

Re: Future.. how soon till we know : Sat Oct 13, 2018 8:07 am  

atomic wrote:

I said that had been declined, as in buy all or nothing. The paperwork as I'm aware was ready for signing months ago at £122 million pound..

Build cost? You build things to make a loss?

House's cost quite a bit these days.. Probably 10 fold they were built for.

Your thought of new build £50M is well out of range for selling.

i know this is a silly question but would it not be cheaper to build a new ground somewhere than pay the said 65 million pounds

Re: Future.. how soon till we know : Sat Oct 13, 2018 8:12 am  

Should of stayed at Hilton park loads of great memories playing on that pitch and it’s just overgrown wasteland now. Even dogger might come out of retirement and get hot dog stall back out

Re: Future.. how soon till we know : Sat Oct 13, 2018 10:37 am  

gunners guns13 wrote:

i know this is a silly question but would it not be cheaper to build a new ground somewhere than pay the said 65 million pounds

It probably would be gg13, however why would Wigan MBC ever pass plans for a new stadium in the Borough for Leigh RL ? to do so would be to kill the LSV which would then become a mothballed white elephant. Any new stadium would have to be on land over a border in another borough !

I have thought about the redevelopment of Leigh Miners for shared use RL (don't know why I thought of it) but it wouldn't be big enough & again Wigan MBC A would block it !

I am not sure why Wigan MBC would force the buying of "all or nothing" , are we talking about, Stadium, Leigh East, Leigh Barriers & Sports Centre or more than that *Atomic* ? If more than that then what more, the hotel *which is privately owned* what else is there ?

Re: Future.. how soon till we know : Sat Oct 13, 2018 11:34 am  

The only shareholder of Leigh Sports Village Ltd is Wigan Council source Companies House

the company made a trading loss of £119,584 before tax up to year end 31st March 2016 with current liabilities of £532,189 Wigan council have loans of £247,000 and £342,000 outstanding and have confirmed they will provide working capital for the coming 12 months in line with current projections and forecasts

Re: Future.. how soon till we know : Sat Oct 13, 2018 11:51 am  

scrum wrote:

The only shareholder of Leigh Sports Village Ltd is Wigan Council source Companies House

the company made a trading loss of £119,584 before tax up to year end 31st March 1916 with current liabilities of £532,189 Wigan council have loans of £247,000 and £342,000 outstanding and have confirmed they will provide working capital for the coming 12 months in line with current projections and forecasts

Re: Future.. how soon till we know : Sat Oct 13, 2018 12:50 pm  

Cokey wrote:

:shock:

2016 slip of the finger

Re: Future.. how soon till we know : Sat Oct 13, 2018 1:03 pm  

scrum wrote:

The only shareholder of Leigh Sports Village Ltd is Wigan Council source Companies House

the company made a trading loss of £119,584 before tax up to year end 31st March 2016 with current liabilities of £532,189 Wigan council have loans of £247,000 and £342,000 outstanding and have confirmed they will provide working capital for the coming 12 months in line with current projections and forecasts

2017 in SL should balance those books.

There is a total debt on the business then of £532k, with zero mortgage as it was debt free due to swapping Leyth land for a Leyth facility. It should be offered to a non profit making non council Local organization to run for the benefit of all Leyth. Centurions should be granted the same benefits as others, eg Scarlets, 99 year rent free and all match day income