Re: Wakefield AFC : Thu Jan 19, 2023 10:32 am
vastman wrote:
Million miles off a joint venture. They are tenants nothing more. They own zilch. We are very much the masters and will remain so.
That said I think it’s hugely beneficial for both parties.
That said I think it’s hugely beneficial for both parties.
A joint venture doesn`t necessarily just relate to the ownership or tenancy situation of the stadium though, there are lots of things that both clubs can work together on for the mutual benefit of both clubs working out of the same space, therefore IMO it`s not a million miles off a what I would call a joint venture. Also, if there is an opportunity in the future for the Wakefield AFC to invest money into the facilities that we could only dream of, then there might be an agreement reached to see them become more than just a tenant or a sub tenant of Wakefield Trinity, I`m not for one second saying that we should ever give up the rights to be the main club with the final say on fixtures and control of premises etc (I don`t think MC or JM would ever let that happen) however there could be some form of agreement reached to meet in the middle ground somewhere.
Anyway, this is all future looking, for now I am happy to have them on board, I imagine with the football club having access to the ground and facilities for training etc that there agreement would cover a relatively significant % of the clubs mortgage payments to the council which is then money freed up to be used elsewhere.
This is the first real income stream (that would not have been available to us before) that we have been talking about with the build of the new facilities, and there not even finished yet! Nice to see these things that we have talked about for a long time come to fruition, well done to all involved.