Re: DEADLINE : Thu Oct 26, 2017 4:36 pm  

PHe wrote:

The council/Wallhead statement implies (I think) that the rental would go to the charitable trust, not to 88M. (That's why I asked previously what the charitable trust was going to do with the tenant's income).

I imagine the plan is the lease is eventually handed to the trust who then sub let to the club as anchor tenants. The trust would have to pay 88M the commercial rent and as such charge the club and any other clubs/groups using the stadium a rental fee. What 88M charge would reflect how much the club pays.

Next question i suppose is did/does the trust know how much 88M want to charge for the privilege?

Re: DEADLINE : Thu Oct 26, 2017 4:43 pm  

Sacred Cow wrote:

I imagine the plan is the lease is eventually handed to the trust who then sub let to the club as anchor tenants. The trust would have to pay 88M the commercial rent and as such charge the club and any other clubs/groups using the stadium a rental fee. What 88M charge would reflect how much the club pays.

That's not how it works in the real world, the terms of the lease is where the land owner makes his money, the leaseholder makes the rental revenue, if a commercial rent of say £250k is going to a "charitable trust" where's the £250k ending up?
I can tell you, in some fat cats pocket that is neither the landowner/developer or council official, I private individual who draws a wage out of the charities profits, unfortunately that won't be the wakefield community trust that should be getting the rental, it will be some other charitable trust
I don't mind telling you, I'm fuming and my offer in a previous thread of donating £500 to the legal battle is now being doubled to £1000

Re: DEADLINE : Thu Oct 26, 2017 4:46 pm  

£100,000 a year rent appears to be the rent we're supposed to be paying, I wonder what other SL clubs pay in rental Wigan, Hull FC, Salford etc?

Re: DEADLINE : Thu Oct 26, 2017 4:48 pm  

financialtimes wrote:

That's not how it works in the real world, the terms of the lease is where the land owner makes his money, the leaseholder makes the rental revenue, if a commercial rent of say £250k is going to a "charitable trust" where's the £250k ending up?
I can tell you, in some fat cats pocket that is neither the landowner/developer or council official, I private individual who draws a wage out of the charities profits, unfortunately that won't be the wakefield community trust that should be getting the rental, it will be some other charitable trust
I don't mind telling you, I'm fuming and my offer in a previous thread of donating £500 to the legal battle is now being doubled to £1000

Looks lie Rodders is behind this unfortunately.

Re: DEADLINE : Thu Oct 26, 2017 4:49 pm  

Actually ive just looked back and it was £1k I offered so I'll stick to my original figure of £1k, must have been a different rugby club I spent £500 on

Re: DEADLINE : Thu Oct 26, 2017 4:51 pm  

JINJER wrote:

Looks lie Rodders is behind this unfortunately.

No problem, I'll sort that as well, sir Rodney is a long time family friend, he attended my mums funeral back in may and helped write an article about my dad in the wakey express when he died 13 years ago, I reckon I'll wrap him round my finger no probs

Re: DEADLINE : Thu Oct 26, 2017 5:00 pm  

The rent is supposed to be paid to the trust, does it say which Trust? Maybe it's Rodders Trust

Re: DEADLINE : Thu Oct 26, 2017 5:05 pm  

djcool wrote:

The rent is supposed to be paid to the trust, does it say which Trust? Maybe it's Rodders Trust

That's what I'm assuming.

Re: DEADLINE : Thu Oct 26, 2017 5:06 pm  

financialtimes wrote:

No problem, I'll sort that as well, sir Rodney is a long time family friend, he attended my mums funeral back in may and helped write an article about my dad in the wakey express when he died 13 years ago, I reckon I'll wrap him round my finger no probs

See MC, it's sorted!

Re: DEADLINE : Thu Oct 26, 2017 5:18 pm  

Just to muddy the waters further, I spotted this a few weeks ago. Can't see a connection to RW or anyone else we know about so hopefully it's just a red herring... https://beta.companieshouse.gov.uk/company/10928602

Just to muddy the waters further, I spotted this a few weeks ago. Can't see a connection to RW or anyone else we know about so hopefully it's just a red herring... https://beta.companieshouse.gov.uk/company/10928602