Re: Stadium Site pictures : Thu Dec 31, 2009 3:54 pm  

Saints will have full control of the stadium, as it will be their asset. Quite whether this is owned under St Helens RLFC or under a sub company wholly owned and run by St Helens RLFC someone will have to explain, but the stadium will be owned by Saints.

Re: Stadium Site pictures : Fri Jan 01, 2010 1:33 pm  

I'm sure you're all correct about the club owning the stadium however that does make the S106 Agreement confusing as it refers to an Agreement to Lease. I have however spotted where Tenant's Enhancements is used in the document though so apologies to the lawyers for suggesting they may have not be 100% efficient in carrying out the sanity check. It is actually included within another definition "Construction Cost". Anyway here's the link to the actual document: http://212.248.225.150:8080/portal/servlets/AttachmentShowServlet?ImageName=139776 See page 2 for the reference to the Agreement to Lease.

I'm sure you're all correct about the club owning the stadium however that does make the S106 Agreement confusing as it refers to an Agreement to Lease. I have however spotted where Tenant's Enhancements is used in the document though so apologies to the lawyers for suggesting they may have not be 100% efficient in carrying out the sanity check. It is actually included within another definition "Construction Cost". Anyway here's the link to the actual document: http://212.248.225.150:8080/portal/servlets/AttachmentShowServlet?ImageName=139776 See page 2 for the reference to the Agreement to Lease.

Re: Stadium Site pictures : Sat Jan 02, 2010 7:34 am  

Will the lease be refering to the land not the ground (stadium) as Langtree are the owners of the land?

Re: Stadium Site pictures : Sat Jan 02, 2010 9:40 am  

Two Wheeled Saint wrote:

Will the lease be refering to the land not the ground (stadium) as Langtree are the owners of the land?

That sounds more like it.

Re: Stadium Site pictures : Sat Jan 02, 2010 1:01 pm  

Two Wheeled Saint wrote:

Will the lease be refering to the land not the ground (stadium) as Langtree are the owners of the land?

after reading most of it, it does seem to be refering to the land.
Also one part reads about the club being able to raise loans on the stadium, cant do that if its not yours.

Re: Stadium Site pictures : Sat Jan 02, 2010 4:46 pm  

The Doghead wrote:

after reading most of it, it does seem to be refering to the land.
Also one part reads about the club being able to raise loans on the stadium, cant do that if its not yours.

Where is the bit about raising loans on the stadium? I can't see that.

The document definitley reads that St Helnes RLFC will not own the stdium but will be tenants as I suggested. See paragrpah 10.5 of Schedule 3 that refers to allowing "the Council (in lieu of a defaulted Langtree) to be the direct landlord of the Club pursuant to the lease entitling the Club to occupy the Stadium".

Having a long lease at minimal rent can be even better than owning the stadium in some instances. At least you won't be secondary tenants like Wigan at with Whelan owning the stadium.

Re: Stadium Site pictures : Sat Jan 02, 2010 6:21 pm  

Of note in the s106 doc is the change in North, South elevations, as the document refers to revision "B"

These relate to the stands behind the goal.

It may therefore be the case that there has been an increase in seating capacity and a reduction in the amount of terracing, requiring a redesign of stands behind the sticks. This would tie in with verbal comments saying approximately 12500 seats. Which is at odds with the original design, which features just over 10,000 seats.

We havent got long to wait to find out, just a month or so before the club show the final design for which construction will start later this year.

Re: Stadium Site pictures : Sat Jan 02, 2010 6:43 pm  

Paul Youane wrote:

Where is the bit about raising loans on the stadium? I can't see that.

The document definitley reads that St Helnes RLFC will not own the stdium but will be tenants as I suggested. See paragrpah 10.5 of Schedule 3 that refers to allowing "the Council (in lieu of a defaulted Langtree) to be the direct landlord of the Club pursuant to the lease entitling the Club to occupy the Stadium".

Having a long lease at minimal rent can be even better than owning the stadium in some instances. At least you won't be secondary tenants like Wigan at with Whelan owning the stadium.

Paul, I was reading most of last night it could be anywhere in there.

Re: Stadium Site pictures : Sat Jan 02, 2010 7:12 pm  

here's an interesting page from the council web site. sites that got knocked back. http://212.248.225.150:8080/portal/serv ... Name=89926

here's an interesting page from the council web site. sites that got knocked back. http://212.248.225.150:8080/portal/serv ... Name=89926

[Sadfish]

Re: Stadium Site pictures : Sat Jan 02, 2010 9:30 pm  

Mr Youne,

The reason there is a lease in there is due to the land being owned by Langtree.

simples.