Re: DEADLINE : Thu Oct 26, 2017 12:16 pm  

Prince Buster wrote:

Having read the post of IA on the press release and a couple of phone calls I am certain Walker is actively involved. Why he needs this at his age and alleged financial wealth we can only speculate right now. My best shot at the moment is this.
Walker realises whoever controls the stadium controls the club playing there. By being in full control as the chairmen of the shadow trust waiting to take over, he will eventually have that power. This will give him a nice financial pay back plus the kudos, these are his life blood. He also believes once he has established himself then removing MC and CB will not be that difficult. I am also convinced he has friends and contacts in place who are more than willing to run the club.
Box I still believe wants the club to die, however he knows Walkers plan and sees it as the next best thing.

The poster called "Harrogate?"

Re: DEADLINE : Thu Oct 26, 2017 12:21 pm  

JINJER wrote:

Coco, as far as I understand the Cas ground, it's private investors funding it, no public money involved, and Cas haven't had to inject any money into the build.

I believe Cas paid a six-figure sum for all the stadium design and planning permission for their stadium, whilst the council funded the Newmarket scheme.

Re: DEADLINE : Thu Oct 26, 2017 1:17 pm  

JINJER wrote:

Coco, as far as I understand the Cas ground, it's private investors funding it, no public money involved, and Cas haven't had to inject any money into the build.

I was referring to the first part really, as the second part makes no sense. I'm still of the understanding that it would be a community stadium owned/run by a charitable trust under similar conditions to the proposed Newmarket development. Also, I thought the council were facilitating a loan rather than using any taxpayers' money and the proposed £2M was investment in ancillary community sports facilities.

Re: DEADLINE : Thu Oct 26, 2017 1:21 pm  

Sacred Cow wrote:

I believe Cas paid a six-figure sum for all the stadium design and planning permission for their stadium, whilst the council funded the Newmarket scheme.

Where have you seen that ? Is it being confused with the first Glasshoughton stadium on the Stadium Business Park land by the station.

Re: DEADLINE : Thu Oct 26, 2017 1:42 pm  

JINJER wrote:

Coco, as far as I understand the Cas ground, it's private investors funding it, no public money involved, and Cas haven't had to inject any money into the build.

I thought the new Cas ground was being built using money from an S106 agreement? If so, it is technically public money as the council can decide where/on what that money (coming from the developer)is spent, whether that be new cycle ways, parks, pedestrian bridges, social housing, community sports facilities or even (as Salford has recently done) to upgrade existing and open MORE public libraries.

I had always believed they were meant to be for the benefit of the community, so never actually understood how Cas (as a private business) are going to end up as sole owners of their new stadium.

Re: DEADLINE : Thu Oct 26, 2017 2:15 pm  

There is an S106 but that doesn't necessarily mean public money, the money to fund the Cas build is being set up via a "hedge fund" with investors in the whole of the Development get a payback once it's fully complete, all the monies are from the private sector, the S106 ties it all together to allow the planning permission become reality.
Some years ago I was a school governor that sat on the schools finance committee, a property developer was building on land adjacent to the school, we agreed with the development to not object to the planning application on the proviso that some of the land was handed to the school and developped in to a car park drop off Area and some cash was given to the parish council for other schemes in the parish, all from the developer, all private money, but bound by an s106 agreement

Re: DEADLINE : Thu Oct 26, 2017 2:19 pm  

An interesting new poster on casforum claims to be a friend of Manni's. worth a read.

Re: DEADLINE : Thu Oct 26, 2017 2:22 pm  

Sandal Cat wrote:

Where have you seen that ? Is it being confused with the first Glasshoughton stadium on the Stadium Business Park land by the station.

I don't know about the latest plan but Cas said the sale of Joe Westerman (£175,000) was to fund planning for the GH scheme.

[Wildthing]

Re: DEADLINE : Thu Oct 26, 2017 2:26 pm  

newgroundb4wakey wrote:

An interesting new poster on casforum claims to be a friend of Manni's. worth a read.

Really? says zilch of interest to me.

Re: DEADLINE : Thu Oct 26, 2017 2:29 pm  

newgroundb4wakey wrote:

I don't know about the latest plan but Cas said the sale of Joe Westerman (£175,000) was to fund planning for the GH scheme.

That was my understanding also.

But I would pay £100,000 myself for planning if in return I received a £13m or so asset for £1 - much better return than putting your money in a Post Office Savings Account.