Re: Odsal lease up for sale : Thu Oct 19, 2023 8:54 am
Bullnorthern wrote:
The council have the freehold
The RFL have the leasehold
The club and the stock at company are the tenants
So what’s the IMG’s definition of the owner?
The RFL have the leasehold
The club and the stock at company are the tenants
So what’s the IMG’s definition of the owner?
Who knows?
But in commercial property it's the norm for the leaseholder to have to maintain the property. The RFL let the stadium deteriorate in the years between 2012 and now. Anyone can see that.
I can't see any potential buyer wanting to pump money into it to improve it. They're more likely to see it as a development site.