Quote ="Early Bath"Scanners the money from Salford CC is not an Investment - its a loan. The money to be repaid very quickly from other income streams. Salford - like all large Cities can be at the front of the queue when requiring low rate money. Peel - sensibly are allowing SCC to be a funder for this sensible project and I for one have no doubts that it will come to fruition and we will be in SL next time. Castleford & Wakey are the clubs I feel in danger of losing their place.
I have enjoyed the Big Fight between Big Pev & Yourself with Inter Round Summaries from Barrington Dalby (Original Salford CR). However as Referee I do feel that no mention of Denis Healey having to go cap in hand to the IMF to save us from ignominy is a glaring omission from all sides.'"
I think you will find I mentioned Britain going to the IMF in 1976 on a thread on the Sin Bin
It may be a loan, but it's public money. Given the current climate should any local authority be loaning such amounts?
When you say low rate money, what is the cost?
What other income streams?
How quickly?
Peel are being very sensible letting someone else risk their money.
If it's such a sure fire success why aren't Peel just getting on with it. After all they are a very successful well financed company that would have no problem investing £20m??