How do we know how much time there is left on it?

Obsessed that’s you when it comes to Wakey. I was just offering an opinion as to why MC and other SL chairmen might have expressed an interest in the lease.

Well it was a pretty terrible investment by the RFL if it’s lost over 45% of its value in 6 years and raised questions about why they paid what they did for it in the first place. MC has said he would pay more than 750k for it so that suggests it is worth more than that amount

Seriously!!! I never said I was in the know I offered an opinion as to why the interest from Mc and other SL chairmen and then get jumped on by you and others with a seemingly massive chip on your shoulder.

I have had the same user name since I first joined, if I have an opinion on something I don’t need to change username to give it

I don't think he's talking about you mate, i think he's on about belecki.

I agree with you that them buying it was one of the worst decisions under Woods leadership (and there's plenty to choose from) we didn't benefit it as it's effectively what sent us into Admin1.

I agree that it shouldn't be sold at a cut price (although i don't think the RFL will ever get what they paid for it) i also don't think it should be sold to other club owners at any price. As others have said, it's a conflict of interest.

I'm sure he's talking about Belcki, who does appear to have a similar posting style to people who were posting here in our previous woes

What I would be interested to know is how a guy who doesn't appear to have the money to invest into a new stadium for his own club, and runs that club at 300K below cap (according to todays League Weekly) has the funds to 'invest' in Odsal?

Genuine question, by the way

Ok if that’s the case I apologise to Mat and fwiw I agree with what you say above

Have the RFL ever stated how much the loan on which the lease was secured and how much was repaid?
Just in case people have forgotten how the RFL obtained the lease in the first place.

My guess is he doesn’t want to buy it, it is just a way of raising the issue, so as to highlight the significant drop in value in 6 years and perhaps make it necessary for the RFL to justify the write down, before being able to sell at the lower figure.

MC has said he sees it as an investment opportunity- make of that what you will. FWIW he was going to buy BV for GBP 600k but was told not to by WDMC and YorkCourt as they wanted a clear path

I think I read somewhere it was 1.33m

Wasnt aimed at you tricky2309.

Loan was less than purchase price of odsal as they withheld the loan amount, to repay loan in full, when they bought odsal, which combined with bank taking rest of odsal money to settle overdraft caused admin 1.

Yeah others said that so apologies

It’s worth however much people are willing to pay for it.
The RFL paid £1.25m for it, which then meant bulls owed taxman 20% - £250k
RFL basically converted their secret £900k unsecured loan from 4 months previously (which was the moment the car crash started) into an asset, which would generate income. This basically dug the RFL out of one hole, but dumped them in another one. But it screwed the Bulls completely

I don’t believe MC has triggered all this again. A thousand termites to infest his house.

Has or apparently has. Which?

Chill out sweet cheeks.

Without knowing what the terms of the lease are I’ve no idea what it’s worth now. The value was clearly inflated to cover the loan that Peter hood took out and couldn’t pay back.

If it’s still the case that we can walk away next year it surely reduces its value as a ground.

Its because its more than common knowledge what the value of the site as landfill is. All Carter wants to do is try get his greedy little paws on a slice. No more no less

Case and point. Also if he has that kind of money why is he constantly crying the poor tale of how under cap you are?

No, but somewhere on the TotalRL forums someone actually posted the agreement betweent he RFL and the finance company. It does beg the question though has the loan been repaid or still secured against?

I saw on another post that YorkCourt were involved telling Carter not to buy BV. Isn't it a lot to do with them why you have been held up regards a new stadium? And I take it the chance to buy the ground has come and gone?

One thing puzzles me slightly - what can any new owner of the head-lease do 'with the land' when we have a sub-lease which, as along as we stick to the rules of said lease, allows us to use the land for many more years (I forget how many but I think it would still be over 100)?

Without our approval I can't see any real value in the head-lease, unless they would be allowed to increase the rent. Even if the land itself were bought from the council our lease would still be intact.

...a white hole?!?!?!?!

Think you might be a bit confused here.
As I see it, the council own the freehold. The RFL own the leasehold. We don't own anything, we are simply tenants.

Correct and the only covenant that made out we had to play there was up to 2019 and probably doesn’t apply anyway as that company went bust.

Unless we’ve signed a lease agreement (which you can always get out of anyway) the purchaser would end up with a 90 odd year leasehold with massive up keep bills and no real income. They’d have no right to change the use of it either unless the council agreed to it which would mean paying them off.

It’s carter and the rest stirring the sh17 as usual in my opinion.

I for one can’t wait for chalmers’ column in the t&a this week.

I’m really excited. It’s good to know we’re still a thing in the eyes of top 8 superleague clubs. Even sh17e ones.

The RFL have the Head lease, we have a sub lease - if we were simply 'tenants' we wouldn't have the responsibility of repairs to the stadium, which we do, as it part of our lease agreement.