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| Interesting.
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| I wonder if they're open to offers of a lesser value
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| Would the fact it has staged the Challenge Cup final, possibly put it in the 'iconic' stadium category??
Seems quite a reasonable starting price. Just a shame i'm about £599k short otherwise id be interested
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| I can't remember what the new lease was (£125,000?), but if you think logically, it's not a bad investment. If it is £125,000 (that's a guess), for example, you've got your money back in five years, whilst sitting on a pile of real estate.
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| Quote ="Pound 4 Wrighty"Would the fact it has staged the Challenge Cup final, possibly put it in the 'iconic' stadium category??'"
Only replays count, due to their rarity.
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| Why the Community Trust doesn't buy it is utterly bewildering.
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| Quote ="rlfan"Why the Community Trust doesn't buy it is utterly bewildering.'"
Same problem as me. Not enough brass.
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| Quote ="rlfan"Why the Community Trust doesn't buy it is utterly bewildering.'"
Because then you've given up on Newmarket.
On the other hand, let's say someone has offered to buy Belle Vue, and it's an organisation like the Community Trust, perhaps you have to open it up to the wider public so that you can't be accused of doing undervalue deals, with the Trust being a nonprofit-making body.
I'm only speculating, thinking of all the angles.
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| I don't know if the supposed covenant exists about providing alternative sporting facilities, but another way of looking at it is that we have five years to build a new ground.
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| Quote ="Slugger McBatt"I don't know if the supposed covenant exists about providing alternative sporting facilities, but another way of looking at it is that we have five years to build a new ground.'"
Yeah it exist.
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| Perfect opportunity for council to buy ground. Lease it to the club and set community stadium development ball rolling.That way noone can say council wasting money as they get an income ,community gets its facilities and club get stadium fit for purpose.
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| Quote ="vastman"Yeah it exist.'"
Vasty could you please tell me where the covenant is ? I've searched high and low and been through the Title for Belle Vue and there is no covenent recorded and that is where covenants are normally recorded.
There is a Planning Condition on the current housing consent that states that BV cannot be developed until the stadium at Newmarket is built and fit in which to play Super League games. You are not thinking of this are you ?
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| If we've reduced our annual rent to 75k for example and we make a cheeky offer of 450k for the land that equates to just 6 years worth of rent, surely there's a way to put that together.
If/when Newmarket happens we then have a saleable asset that, because we're leaving, can be used for housing which in turn should bump up the value of the land.
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| For all the crap they have caused us Yorkcourt should be buying it for us with one of two options. They either...
A -Put it in our/the stadium trusts name and agree to a series of staged payments to enable the full upgrade of the old place or
B -Buy it themselves and let us play there rent rent free until such a time that Newmarket is built and we can move in there. The planning condition is voided at that point and they then have a site prime for housing with planning permission already in place.
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| I'll get hung drawn and quartered by some on here but maybe the option of coming to some sort of settlement fee with York court to drop Newmarket for a a nice sum that would cover the cost of buying Belle Vue and surrounding areas and buildings + a "little" extra to cover upgrade cost?
Saves them a fair few quid on building Newmarket and we get to own Belle Vue.
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| Would be nice to own it again, but York Court should not be allowed to get away with what they have done with the aid of a cardboard box.
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| Quote ="W.T.W"I'll get hung drawn and quartered by some on here but maybe the option of coming to some sort of settlement fee with York court to drop Newmarket for a a nice sum that would cover the cost of buying Belle Vue and surrounding areas and buildings + a "little" extra to cover upgrade cost?
Saves them a fair few quid on building Newmarket and we get to own Belle Vue.'"
I for one could quite happily go with that
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| Quote ="Slugger McBatt"I don't know if the supposed covenant exists about providing alternative sporting facilities, but another way of looking at it is that we have five years to build a new ground.'"
According to Mick Carter in the radio earlier the covenant does
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| Very reasonable amount I would have thought - tempting -could it be raised ?
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| I maybe way off the mark and don't know what I'm talking about but the article says that we have just agreed a 5 year lease.
A few months after this agreed, the ground is put up for sale.
Why would they put it up for sale and miss out on 5 years rent, unless they know they can't do what they would like with it?
As has been mentioned a covenant on the ground.
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| Quote ="FickleFingerOfFate"I maybe way off the mark and don't know what I'm talking about but the article says that we have just agreed a 5 year lease.
A few months after this agreed, the ground is put up for sale.
Why would they put it up for sale and miss out on 5 years rent, unless they know they can't do what they would like with it?
As has been mentioned a covenant on the ground.'"
The owner would get the purchase price now which is better to them than rent over 5 years particularly as they are unable to develop the site, or sell for development until the tenant (the Club) either quit or turn the lease in and the planning condition ( it's not a covenant as far as I'm aware unless someone can point out where it isn't) on redeveloping Belle Vue is removed.
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| The Stadium Trust were are of this and are acting upon it. Securing BV in the interests of the club would be a positive, be it short, medium or long term.
As for the Covenant, there are conditions, which I think people are referring to in general as a covenant. They are in our favour.
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| 4000 or so Trinity supporters on Sunday, £150 each?
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