Re: Odsal lease up for sale : Wed Jan 17, 2024 10:52 am  

Ckt2487 wrote:

Calderdale Council have mentioned disposal/sale of The Shay in recent meeting.
Might stop some of the sniping from Fax fans seen on social media.

Most councils in this country are on the verge of bankrupcy.

It's now become a choice between which vital service they have to shelve to ensure which other vital service remains. Sports stadia are probably quite far down the list in comparison to things like child safeguarding etc.

The RFL aren't going to palm this drain on resources off that easily. The only option is private investment and I doubt you'll see many people queuing up for that. Plus any self respecting business person will leave it until they can use people's desparation or foreclosure as leverage to get costs down.

Re: Odsal lease up for sale : Wed Jan 31, 2024 8:06 am  

https://www.thetelegraphandargus.co.uk/ ... ium-lease/ So to Lease or not to Lease? Now that is a question for the Bulls. The Circle could be closer to completion!

https://www.thetelegraphandargus.co.uk/ ... ium-lease/ So to Lease or not to Lease? Now that is a question for the Bulls. The Circle could be closer to completion!

Re: Odsal lease up for sale : Wed Jan 31, 2024 8:21 am  

Blotto wrote:

https://www.thetelegraphandargus.co.uk/news/24086047.bradford-bulls-express-interest-taking-odsal-stadium-lease/

So to Lease or not to Lease? Now that is a question for the Bulls. The Circle could be closer to completion!

Interesting
The club clearly believe they can afford the lease, if we take it on would get money coming in from Stock Cars.
I heard at the game on Sunday the club are putting plans together for renovating Odsal on a smaller scale.

Re: Odsal lease up for sale : Wed Jan 31, 2024 7:46 pm  

Very interesting this, it's a big old cost, will it be a drain on the finances? As that then affects your IMG finance grading. The upkeep alone of it as we all know there's alot that needs improving, replacing, updating. The club/board have obviously looked at all the financial side of it all (so you would hope). What are the options? How much income does the stock cars bring in, would that be an income stream that Bradford Bulls would benefit from? Could we buy it to then sell it ourselves and potentially build a new ground elsewhere. Could we purchase it, and sell some of the ground off and reduce the size of it and redevelop a smaller Odsal. I just can see them buying it and beinh able to keep it and run it as it is currently without it massively affecting the finances.

Re: Odsal lease up for sale : Thu Feb 01, 2024 7:51 am  

BullRaider wrote:

Very interesting this, it's a big old cost, will it be a drain on the finances? As that then affects your IMG finance grading. The upkeep alone of it as we all know there's alot that needs improving, replacing, updating. The club/board have obviously looked at all the financial side of it all (so you would hope). What are the options? How much income does the stock cars bring in, would that be an income stream that Bradford Bulls would benefit from? Could we buy it to then sell it ourselves and potentially build a new ground elsewhere. Could we purchase it, and sell some of the ground off and reduce the size of it and redevelop a smaller Odsal. I just can see them buying it and beinh able to keep it and run it as it is currently without it massively affecting the finances.

We are currently responsible for the upkeep of Odsal so in that respect if we purchase the lease nothing would change. If the lease is purchased for the rumoured 750k we will save 60k per year and gain 60k per year from Stock Cars.

[Bullseye]

Re: Odsal lease up for sale : Thu Feb 01, 2024 9:31 am  

When we had the lease prior to 2012 Peter Hood cited Odsal as a financial millstone. What's changed since then? Well, there's the income from stockcars coming in and no need to pay rental to the leaseholder as a plus but as a minus the SouthBank stand is now over 20 years old and likely to need maintenance or might even be nearing the end of its life. The main stand roof will also need looking after. Then there's the upkeep of floodlights and barriers. That's all just to stand still and not make any improvements. I hope the club have looked into those costs. Owning the lease might create some opportunities to sell it further down the line and move to a new site potentially but proximity of the stadium site to housing may reduce the number of things you could do with it. I'd be interested to see who else has bid.

Re: Odsal lease up for sale : Thu Feb 01, 2024 10:53 am  

I find Jason Hirsts comments in the T&A very interesting Beyond that, it’s hard to answer. If we do get the lease, two months down the line I could give you a more detailed response.

“It’s not because I’m hiding anything, it’s just all hypotheticals at the moment.
- this would back up that something is planned to start in the short/medium term- I’ve heard funding is in place for smaller scare redevelopment

Re: Odsal lease up for sale : Thu Feb 01, 2024 11:04 am  

Pyrah123 wrote:

I find Jason Hirsts comments in the T&A very interesting Beyond that, it’s hard to answer. If we do get the lease, two months down the line I could give you a more detailed response.

“It’s not because I’m hiding anything, it’s just all hypotheticals at the moment.
- this would back up that something is planned to start in the short/medium term- I’ve heard funding is in place for smaller scare redevelopment

I heard that the club looking at a £15 million Revamp of Odsal.

[Bullseye]

Re: Odsal lease up for sale : Thu Feb 01, 2024 1:57 pm  

Well we're due another artists impression.

Re: Odsal lease up for sale : Thu Feb 01, 2024 3:37 pm  

The Caddick rumour was doing the rounds again at the game. Already has the contract for the park & ride, missed out on buying the golf course