Re: IMG Does the club have a Plan? : Tue Sep 26, 2023 5:23 pm  

I have been told that the Board were aiming to buy the stadium with investment raised by a pre agreement to develop the Skircoat Road side.

In effect they were proposing to pre-sell the land on that side of the ground, for a hotel and flats, and using that money to buy it from the council. The football club would become tenants as they did not wish to participate as shareholders in the purchasing/owning company.

An interesting approach, but I don’t know why it’s not progressed.

I will add that there are also proposed pending significant changes amongst the BOD as one is seeking total control.

Perhaps one is linked to the other?

Re: IMG Does the club have a Plan? : Tue Sep 26, 2023 5:27 pm  

Ohmetoe wrote:

Ovenden park for me could be an option .

When I suggested that a few weeks ago I was shot down in flames. We can't carry on at the Shay as we are now with 2 unused stands, no extra income and a big rent bill. This is the first season ever where the North Stand hasn't been opened for a league match (only used for St Helens) which I suppose highlights the alarming drop off in away fans.

Re: IMG Does the club have a Plan? : Tue Sep 26, 2023 6:27 pm  

Dbvada wrote:

I have been told that the Board were aiming to buy the stadium with investment raised by a pre agreement to develop the Skircoat Road side.

In effect they were proposing to pre-sell the land on that side of the ground, for a hotel and flats, and using that money to buy it from the council. The football club would become tenants as they did not wish to participate as shareholders in the purchasing/owning company.

An interesting approach, but I don’t know why it’s not progressed.

I will add that there are also proposed pending significant changes amongst the BOD as one is seeking total control.

Perhaps one is linked to the other?

Very interesting thanks.

So the funding wasn’t coming from what was already in someone’s pockets and in effect wasn’t a bid but a proposal that didn’t come to fruition at the time.

At least it wasn’t all down to some failure on the rugby clubs side of things and that they are trying to address the challenges associated with being at the Shay.

With the football club not being on board I’m surprised with their relationship with Fax that they and their fan base didn’t kick off big time about it as in the past.

Re: IMG Does the club have a Plan? : Tue Sep 26, 2023 6:48 pm  

I'm surprised somebody has not fired off a load of Freddom Of Information Act requests to be honest but reading the emails last time around the council were very keen to rid themselves of the stadium and you have to wonder if they are still as keen.

I heard the rumors about one of the current board getting his business taken over in a deal potentially worth millions so it makes me wonder if he is the one wanting full control. I imagine there will be a fallout from this that has likely already started and could explain some cash shortfalls, I mean would anybody be putting money in if they were no longer going to be involved?

Re: IMG Does the club have a Plan? : Tue Sep 26, 2023 6:49 pm  

Especially Bubba on the FOI and saying nothing on here and would a current director go for total control before he had the means of taking total control.

Who from among them has a business that’s worth millions if it was sold off because knowing that might narrow it down a bit?

Re: IMG Does the club have a Plan? : Wed Sep 27, 2023 10:02 am  

A "sale" of the stadium from the council would more likely be in the form of a long term lease (99 years or something daft). Council don't make money from the stadium, if anything it costs them money, so in the interest of saving money they'd likely see the back of it.

Re: IMG Does the club have a Plan? : Wed Sep 27, 2023 3:15 pm  

Iinteresting discussion above , the agreed thread is everyone seems to be moving to the view that the stadium might be nice , financially it is just a burden for everyone . I just hope that someone can unlock the stalemate and provide a solution that benefits all . Without both football and rugby there the council would be financially forced to make a decision. It may have to come to that .

Re: IMG Does the club have a Plan? : Thu Sep 28, 2023 12:37 pm  

According to Mick Gledhill Championship and Champ 1 clubs will be informed tomorrow ( Friday ) how much central funding they will receive for 2024 which have some bearing on the plans of each club.

SL are getting £1.3 million down £200,000.

Re: IMG Does the club have a Plan? : Fri Sep 29, 2023 5:49 am  

The information I heard was that the current board paid the historic debt off when they joined as the club was 48 hours from going bust , the only debt left is roughly 40 to 50 grand of shop stock owed to Ian croad. The potential signing of Connor Davies is a strange one , he’s primarily being playing loose forward for dewsbury , if this is the calibre of player we are looking at then it might be a repeat season, however I will reserve judgement till other rumours circulate , afterall we re-signed nick rawsthorne and look what happened there .

Re: IMG Does the club have a Plan? : Fri Sep 29, 2023 6:19 pm  

Listenup94 wrote:

The information I heard was that the current board paid the historic debt off when they joined as the club was 48 hours from going bust , the only debt left is roughly 40 to 50 grand of shop stock owed to Ian croad. The potential signing of Connor Davies is a strange one , he’s primarily being playing loose forward for dewsbury , if this is the calibre of player we are looking at then it might be a repeat season, however I will reserve judgement till other rumours circulate , afterall we re-signed nick rawsthorne and look what happened there .

The latest published accounts show total debts of just over £600k* as at 30/11/22
*£302.5k due in less than a year, £200k due after more than 1 year and £104k due after more than 5 years