Quote ="Kiyan"Yes the council can easily borrow the money, but Leeds have a good credit history and a sound business plan. Do you or WT? The council would be left with the debt if things go wrong.
If you have such a great plan , surely you can raise the money via a bank?
Would you accept a proposal where the council fund a stadium and retain ownership (like Salford)? I believe you have said you wouldn't and for good reason!
You know the reasons why the council cannot do as you suggest, as you are a clever business man who has worked wonders.
WT has been conned by a grubby developer, a con man and an incompetent council and that is your ,pitch to the RFL later.. RL is a sport. It is not about crowds, facilities or politics it is a game played between 2 teams of 13 people! This year you have been quite good at it!'"
You thing Yorkshire CCC are such a sound bet? They are carrying a debt of £24 million and last year produced a profit of £300. This funding for a new stand to replace the one which has been filled on one day only in each of the last 2 seasons and increase the ground capacity beyond the current level which is rarely met. Yorkshire have been backed into a corner by the ECB, Leeds Rugby and, most significantly, Leeds City Council as they are desperate to have top class sport in Leeds and will do anything to prevent Yorkshire CCC from moving to another city, which would definitely be in the club's best interest.
Leeds Council has brokered a deal to fund the rebuilding of the North & South Stands at Leeds RLFC and YCCC by raising funds from a private finance company in the City then sub letting the stands to the clubs for decades.
What's the difference between this and Wakefield Trinity?
The Council is prepared to broker the deal.
It is within the power of Wakefield Council to do exactly the same thing at Newmarket, or wherever, but they have concentrated on obstructing rather than facilitating. You may ask why - and so does everyone else.
