the happy hooker9 wrote:The question we should be asking is this an interest free loan anyone lending money would expect interest on the loan ..is this the case.
As a tax payer I like others are fuming that on one hand our local council (sic) has loaned money to a professional club to purchase THEIR ground (again) yet the same council has closed swimming pools in Cas, K'ingley and Pontefract in order to save money on maintenance on said pools (lol) yet now are doling out much needed funds to Wakey.
Cas have had FA from our council for much needed upgrade of WR ...we once asked for £35,000 Loan yet were refused only later for the council to allow Wakey to purchase BV from them for nominal sum of £1.00.
As had been mentioned ...WMDC a precedence had been set with diabolical loan.
The £1 gag again......Absolute rubbish, that was a nominal deposit. I can't remember the exact figures but WMDC bought BV for £165K, a few years later we paid a
£1 deposit then paid £365K back in I believe four payments. The figures may be slightly skewed but that's the jist of it, WMDC doubled their outlay, so let's put the £1 gag to bed.
As an aside whilst under the tenure of WMDC the floodlights were declared to be safe to use, within three months of the ground being transferred back into Trinity ownership the floodlights were condemned and had to be replaced. HTH