Re: Can we compete financially? : Tue Jul 10, 2018 7:23 pm
Lots of incorrect info on here about Leeds
The actual financial side of the redevelopment is fiendishly complicated with stand owning companies being set up and Leeds council being involved for various reasons almost all to do with Yorkshire and their existing debt burden and a desire to structure the new debt in a particular way plus get favourable interest rates. But Leeds own the RL ground and are the only party putting any cash into it direct - this article in the Yorkshire Post gives details if you're really interested and suggests the amount Leeds are putting in up front figure is £5m which sounds about right: https://www.yorkshirepost.co.uk/news/le ... -1-9221243 FWIW the benefits of ground ownership are huge IF you can generate other revenue from it, like Leeds, Warrington and Saints can. On the other hand I doubt the other ground-owner in SL, Cas, generate that much in the way of non-gameday revenue so their benefits are less marked and they probably have some pretty chronic ongoing maintenance costs notwithstanding the size of the ground. |
Lots of incorrect info on here about Leeds
The actual financial side of the redevelopment is fiendishly complicated with stand owning companies being set up and Leeds council being involved for various reasons almost all to do with Yorkshire and their existing debt burden and a desire to structure the new debt in a particular way plus get favourable interest rates. But Leeds own the RL ground and are the only party putting any cash into it direct - this article in the Yorkshire Post gives details if you're really interested and suggests the amount Leeds are putting in up front figure is £5m which sounds about right: https://www.yorkshirepost.co.uk/news/le ... -1-9221243 FWIW the benefits of ground ownership are huge IF you can generate other revenue from it, like Leeds, Warrington and Saints can. On the other hand I doubt the other ground-owner in SL, Cas, generate that much in the way of non-gameday revenue so their benefits are less marked and they probably have some pretty chronic ongoing maintenance costs notwithstanding the size of the ground. |
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