vastman wrote:
To clarify it wasn’t sold it was put up as security against a loan/overdraft, fundamentally there is/was nothing wrong with that in a business sence. Also the Bank of Ireland are hardly ‘dodgy’.
The use of the land as collateral may happen again though I suspect in a far more sustainable way.
I don’t know who owns the ground but so far it would appear to be the club not the trust though I may be totally wrong.
Certainly the press release from WMDC stated that the money had been loaned to Wakefield Trinity, with no mention of the trust.
I'm not sure where this leaves the trust, in relation to any "community stadium".
For Trinity, in a way, this is better than it being a community stadium as the asset would eventually be owned by the club.
Does this mean that there will be some "token" facilities at Newmarket and how will this affect any access to grants, which may be harder to access ??