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| Quote ="Inflatable_Armadillo"Lets clear this up. I don't know the contents of THIS deal, but typically option deals are structured like this.
BB homes pay an options fee on Wheldon Road. They basically agree a future price on the land (rumour is £6m) and put down a 'deposit payment' if you like. Now the thing is the seller (Cas) has agreed a future maximum price on the land, so this means the seller can't charge the buyer more than the agreed price (£6m). However, BB don't have to pay Cas the full amount agreed, they are still allowed to pay what the land is worth at the time of agreed final purchase. Now of course, prior to recent times, this worked well for developers and sellers alike, because the land usually rose in value meaning BB would have been happy to pay £6m because the land rose to say £7m during the option period but also the seller got some up front money and also was able to plan because he knew he was getting £6m.
'"
Ironic that this is almost exactly the same scenario that lead to Teds financial problems! |
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| Quote ="deeHell"Quote ="Fully"
There are things already built up on that hillside. I think if there were any issues that these wouldn't have been built.'"
Such as and for what purpose?'"
Wakefield council have some kind of headquarters there, then you have NPS adjacent to it, across the road 13 blocks of offices (Fleming court), next to that an overflow car park, then a DHL distribution centre, next door to that is Dalziel foods then further up the road is a huge unit housing TEVA. I'm not one for believeing what RW says, but to suggest the area is unstable is ridiculous. |
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Isn't it Wakefield District Housing?
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| Quote ="Fully"Isn't it Wakefield District Housing?'"
Probably. Box has managed transfer control of the district from the City of Wakefield out to his camp. |
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Cas have been sorting out their ground for five years. It will will another five years before a development like this comes to fruition, the red tape involved is horrendous. And i think the figures quoted are way too high. The RFL will not look favourably on this development thats for sure. They hated the Richardson clan but trust me Richard Wright isn't held in much higher esteem at Redhall. Wakey may not be in superleague next year but this has put Cas in jeopardy also.
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It's maybe more likely to send us both down than keep us up, but the RFL may look at the future, not the here and now, and say that although Cas look better in 2011, there is every prospect that Wakey will look better in 2013, and it is a 3 year franchise.
My default position is that if Cas raise the money themselves and build the ground, good luck to them, because it is more than we have done. But is it just pre-franchise hot air? The crucial thing will be what questions the RFL ask.
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| Quote ="sixtogo"Cas have been sorting out their ground for five years. It will will another five years before a development like this comes to fruition, the red tape involved is horrendous. And i think the figures quoted are way too high. The RFL will not look favourably on this development thats for sure. They hated the Richardson clan but trust me Richard Wright isn't held in much higher esteem at Redhall. Wakey may not be in superleague next year but this has put Cas in jeopardy also.'"
Here we go another one in the know with... quote "We are not in SL next year" .
So I will riposte with "Let's just wait and see, shall we" |
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| Quote ="sixtogo"Cas have been sorting out their ground for five years. It will will another five years before a development like this comes to fruition, the red tape involved is horrendous. And i think the figures quoted are way too high. The RFL will not look favourably on this development thats for sure. They hated the Richardson clan but trust me Richard Wright isn't held in much higher esteem at Redhall. Wakey may not be in superleague next year but this has put Cas in jeopardy also.'"
Odd that because as far as I'm aware they quite liked Ted and perhaps gave him more leeway than they should have. |
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It would take a MAJOR position shift at Redhall for Wakefield to be granted a licence. You never know because they do tend to move the goalposts more often than they change their underwear but I can't see it. The best chance would be a hugely increased TV deal and a 16 team league but as it stands at least one team will be going and our financial past and now a lack of superleague quality stadium kills us.
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| Quote ="vastman"Odd that because as far as I'm aware they quite liked Ted and perhaps gave him more leeway than they should have.'"
I think 'tolerated' is the word that was used in the conversation I had!
Some people really didn't like Diane though! |
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| Quote What does bother me is that it seems to me that your esteemed chief executive is once again leading everyone up the garden path with big press releases that will amount to nothing.'"
I take it that it didn't bother you when AG was all over the press last week saying that you were considereing sharing newmarket with Cas ............ without actually asking Cas now thats good spin, maybe before taking over AG went to the CEO class on spin |
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| Quote ="tropical1"I take it that it didn't bother you when AG was all over the press last week saying that you were considereing sharing newmarket with Cas ............ without actually asking Cas now thats good spin, maybe before taking over AG went to the CEO class on spin'"
Trust me I didn't think much to that press release either. Thing is AG hasn't as much previous as RW so is allowed this one! |
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| Quote ="sixtogo"
Some people really didn't like Diane though!'"
Her and Nigel always fought over the last pork pie. |
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Richard Wright, 22nd July 2009:
"The economic slow down has meant our plans have slowed from what we promised in our licence application," Wright told BBC Radio Leeds.
Wright added: "We are having at least three meetings a week on the stadium and it is our priority."
Shall we go back a bit further in time? Yes, why not. Let's try 3rd February 2006:
Castleford chief executive Richard Wright said: "We've been working on our new stadium project for some time. We still have a great deal of work to do to turn the dreams into reality but all parties involved are committed to making it happen."
I look forward to the 2014 version.
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So lets take another look at things and see how we stand.
Lets also say that at present that both Wakey and Cas do not score for their facilities.
I know where my money would be going in these last furlongs.
It's funny how the worlds political landscape is reflected in this present scenario facing our sport. We have watched as regime changes have been embraced in Egypt and Tunisia, but on the other hand we still have a silly old crackpot spouting off and hanging in there against the will of the people 
From following BBC link www.bbc.co.uk/dna/606/A27014582
The new Super League club selection process will now be determined by the awarding of a three year license to the successful clubs, to apply for a license each potential licensee or club should firstly meet the current minimum standards expected of them. Each area of prospective clubs will be tested against and should meet set standards as published and issued to all applicants with different definitions and criteria for each league or level on an annual basis. Only clubs that pass that assessment to the Super League standards will be seriously considered for a super league license for the period 2009 to 2011.
Areas of applicant clubs assessed
Facilities
Finance and Business Management
Spectator Base, Community Marketing, Media, Club Marketing and Commercial
Playing Strength
The License application
Having passed the initial assessment processes as above, the list of all clubs that have the potential to be in the Super League competition will then be assed further by the RFL Board of directors. It will be the RFL Board of Directors who will finally determine the successful applicants, based on direction from the assessment process and if required “what in their opinion is best for the game” and effectively issue licenses.
Time tables
Applications will be invited in Jan/Feb 2008 by tender documents issued
Interested parties will asked to finalise submissions by March 2008
An initial cut of applications will take place in April 2008
RFL final assessments will be made during May 2008
The RFL Board will determine the successful applicants during June 2008
Announcements will be made of successful franchisees in July 2008 |
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So lets take another look at things and see how we stand.
Lets also say that at present that both Wakey and Cas do not score for their facilities.
I know where my money would be going in these last furlongs.
It's funny how the worlds political landscape is reflected in this present scenario facing our sport. We have watched as regime changes have been embraced in Egypt and Tunisia, but on the other hand we still have a silly old crackpot spouting off and hanging in there against the will of the people
From following BBC link www.bbc.co.uk/dna/606/A27014582
The new Super League club selection process will now be determined by the awarding of a three year license to the successful clubs, to apply for a license each potential licensee or club should firstly meet the current minimum standards expected of them. Each area of prospective clubs will be tested against and should meet set standards as published and issued to all applicants with different definitions and criteria for each league or level on an annual basis. Only clubs that pass that assessment to the Super League standards will be seriously considered for a super league license for the period 2009 to 2011.
Areas of applicant clubs assessed
Facilities
Finance and Business Management
Spectator Base, Community Marketing, Media, Club Marketing and Commercial
Playing Strength
The License application
Having passed the initial assessment processes as above, the list of all clubs that have the potential to be in the Super League competition will then be assed further by the RFL Board of directors. It will be the RFL Board of Directors who will finally determine the successful applicants, based on direction from the assessment process and if required “what in their opinion is best for the game” and effectively issue licenses.
Time tables
Applications will be invited in Jan/Feb 2008 by tender documents issued
Interested parties will asked to finalise submissions by March 2008
An initial cut of applications will take place in April 2008
RFL final assessments will be made during May 2008
The RFL Board will determine the successful applicants during June 2008
Announcements will be made of successful franchisees in July 2008 | |
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| Quote ="vastman"Odd that because as far as I'm aware they quite liked Ted and perhaps gave him more leeway than they should have.'"
They liked him so much, that when we approached them to lend £350k they told him to go shove it (even though at the time they had doled out double to our friends in the principality), knowing full well it would cause us to go into administration and thus be the end of the Richardson era.
With friends like that, who needs enemas?   |
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| Quote ="BIGAL1"Below the belt.'"
Stop being so y!!! |
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| Quote ="kinleycat"They liked him so much, that when we approached them to lend £350k they told him to go shove it (even though at the time they had doled out double to our friends in the principality), knowing full well it would cause us to go into administration and thus be the end of the Richardson era.'"
They knew that the Welsh had something to secure a loan against. They knew that we didn't. |
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| Quote ="RebelRebel"They knew that the Welsh had something to secure a loan against. They knew that we didn't.'"
Do you think that justifies favouring one club over another ?. |
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| Quote ="j.c"Do you think that justifies favouring one club over another ?.'"
When it comes to lending several hundred grand of the ruling body's money, paid for by the clubs? Yes, it's reasonable to expect that you can secure the loan. |
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Is this common knowledge ?? Heard its gone for £50 million to a supermarket chain (Tesco/Asda etc) ... This adds further pressure to our super league franchise bid with Salford also making progress ... We will hear next week also the club that will be promoted to Super League next season i believe ...
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