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Re: Wakey to get new ground maybe

PostPosted: Wed Sep 05, 2018 6:44 pm
by JIN JER
I can't speak for everyone but I as a person always hate injustice, then again this isn't life or death. Would Wakey supporters object on behalf of Cas, yes I think some would. Do I expect Cas fans to object? Of course not but it was a fine sentiment from da_jimbob. :clap:

Re: Wakey to get new ground maybe

PostPosted: Wed Sep 05, 2018 8:58 pm
by da_jimbob_7
tigerfeat wrote:Would the wakey fans be doing the same for cas if the boot was on the other foot is a thought that comes to my mind


The vast majority probably not, but I reckon there may be a few rugby fans out there that see it as the shambles it is and put aside the rivalary for this issue at hand.
I’m a big rugby fan and don’t like the way a club has been used to gain an advantage. But on the pitch I want to see us hammer them 86-0 and pick up all the quality youngsters.

Re: Wakey to get new ground maybe

PostPosted: Wed Sep 05, 2018 11:00 pm
by JIN JER
da_jimbob_7 wrote:
tigerfeat wrote:Would the wakey fans be doing the same for cas if the boot was on the other foot is a thought that comes to my mind


The vast majority probably not, but I reckon there may be a few rugby fans out there that see it as the shambles it is and put aside the rivalary for this issue at hand.
I’m a big rugby fan and don’t like the way a club has been used to gain an advantage. But on the pitch I want to see us hammer them 86-0 and pick up all the quality youngsters.

Those days are gone de_jimbob. ;)

Re: Wakey to get new ground maybe

PostPosted: Wed Mar 13, 2019 6:05 pm
by Tigerade
Newmarket now officially dead in the water. WMDC have agreed to loan Wakey 3.15 million to buy-back and upgrade Belle Vue.

https://www.wakefield.gov.uk/Pages/News/PR-9017.aspx

Re: Wakey to get new ground maybe

PostPosted: Wed Mar 13, 2019 6:38 pm
by HuddsTigers
So what do the taxpayers get for £3.15m, what is the repayment plan over what period and in what conditions. And what happens if Wakefield default again?

Also, will the same offer of money be open to CTRLFC and Featherstone Rovers should they wish to pursue this?

Too many questions, too little answers.

Re: Wakey to get new ground maybe

PostPosted: Wed Mar 13, 2019 7:05 pm
by Fumper27
HuddsTigers wrote:So what do the taxpayers get for £3.15m, what is the repayment plan over what period and in what conditions. And what happens if Wakefield default again?

Also, will the same offer of money be open to CTRLFC and Featherstone Rovers should they wish to pursue this?

Too many questions, too little answers.

Agree hudds. This absolutely stinks.

Re: Wakey to get new ground maybe

PostPosted: Wed Mar 13, 2019 7:19 pm
by Tigerade
It will be interesting as more details come out Hudds.

Re: Wakey to get new ground maybe

PostPosted: Wed Mar 13, 2019 9:15 pm
by casjunction
I find it extremely difficult how a Council in these cash strapped economic times, can justify cutting essential services whilst giving such a huge loan to any private enterprise.
Especially when there are two comparable businesses in their
Metropolitan District.
As a rugby fan l can understand Trinity will be extremely pleased at such largesse.
But how you justify it to council tax payers who have endured years of service cuts to vulnerable people is quite staggering.
Trinity are enjoying some success on the field, however they have not demonstrated financial prudence in recent years and have no tangible assets to act as collateral.
Although not a council tax payer in Wakefield l cannot believe this is something they can sell to anyone other than a minority of residents who attend Belle Vue.
It has a strange ring about it.

Re: Wakey to get new ground maybe

PostPosted: Wed Mar 13, 2019 9:50 pm
by Tigerade
This ^^
I couldn't have put it any better. :clap:

I am a council tax payer in Castleford and I cannot see it going down too well anywhere within the whole district! Most people in Wakefield (unlike Cas) don't even know they have a pro RL team anyway. They will (and quite rightly) be furious.
How a council that is stone broke can fund 3 million to a business that benefit's only 4,000 people in a massive district is beyond me. It's not even ticking any boxes for the community element that was promised.

Re: Wakey to get new ground maybe

PostPosted: Wed Mar 13, 2019 9:55 pm
by The Firm
I’d like to know if the council have got £3 million to spare to loan to a private entity then why is my and everybody elses council tax going up an extra 4% next month? Sorry but that doesn’t sound right to me.

Re: Wakey to get new ground maybe

PostPosted: Wed Mar 13, 2019 11:29 pm
by St Albans tiger
Agreed in principle. I assume given the circumstances this will have to go through some sort review process seeing as it's passing funds to private company.

Also i don't think its possible for the council to provide an interest free loan. At only 2 percent a year interest that accounts for 60,000 gbp. Where is that going to come from.

Re: Wakey to get new ground maybe

PostPosted: Wed Mar 13, 2019 11:48 pm
by alcasfan
St Albans tiger wrote:Agreed in principle. I assume given the circumstances this will have to go through some sort review process seeing as it's passing funds to private company.

Also i don't think its possible for the council to provide an interest free loan. At only 2 percent a year interest that accounts for 60,000 gbp. Where is that going to come from.


They won't be paying an annual rent which probably covers the interest.

Re: Wakey to get new ground maybe

PostPosted: Thu Mar 14, 2019 12:15 am
by lurcher
as i understand it mc begged, yes begged box to secure them a loan. because of wakey's bad credit history (numerous county court judgements) the only loan they could get would be at a very high interest rate.
mc requested that box secured them a loan at a very favourable interest rate that is available to councils.
wakey will then only pay WMDC the interest on the loan whilst they chase yorkcourt for compensation. if successful they would then pay WMDC back in one lump sum.
this is all to do with the new broadcasting rights in 2021 and wakey will be able to say they own their own ground.
well done to mc as this is the best they could hope for but the problem that could arise is that yorkcourt could just walk away and that leaves wakey owing WMDC £3.5 million. what happens then if they default?
WMDC will become their landlords and will once again be painted as the bad guys if they demand a commercially fair rent.
ps, nice to see you back jinj mate, was getting worried as i hadn't seen you on here or the wakey board. didn't know if you were ill or had been on your annual round the world cruise. lol

Re: Wakey to get new ground maybe

PostPosted: Thu Mar 14, 2019 4:02 am
by JIN JER
lurcher wrote:as i understand it mc begged, yes begged box to secure them a loan. because of wakey's bad credit history (numerous county court judgements) the only loan they could get would be at a very high interest rate.
mc requested that box secured them a loan at a very favourable interest rate that is available to councils.
wakey will then only pay WMDC the interest on the loan whilst they chase yorkcourt for compensation. if successful they would then pay WMDC back in one lump sum.
this is all to do with the new broadcasting rights in 2021 and wakey will be able to say they own their own ground.
well done to mc as this is the best they could hope for but the problem that could arise is that yorkcourt could just walk away and that leaves wakey owing WMDC £3.5 million. what happens then if they default?
WMDC will become their landlords and will once again be painted as the bad guys if they demand a commercially fair rent.
ps, nice to see you back jinj mate, was getting worried as i hadn't seen you on here or the wakey board. didn't know if you were ill or had been on your annual round the world cruise. lol

Ha ha, strangely enough we've just come back from a two weeks cruise, are you stalking me? :). Lurcher I've not given up on our board but get sick to the high teeth of WUM's spouting [REMOVED] on there under different guises, why people have to post under different names for anonymity I can't imagine.

Re: Wakey to get new ground maybe

PostPosted: Fri Mar 15, 2019 12:21 am
by lurcher
no worries mate, as always congrats on even being on this board.