Funny how cas can get funding for a new stadium to the tune of £135m.
And we get knocked back at every stage Box won't have nowt to do with it LOL if it is gunna call it 5towns you would have thought personally it would have been better having it in the middle of the district instead of the fringes

That figure is for the whole 5 towns park of which the stadium is just a small part.

All funding for Cas' stadium is from private companies and not the council as far as I am aware. Cas have received the same amount of support from the council as Wakey, ie. Planning permission etc.

Just wait till they tell the developers they dont need to bother with the stadium bit if they dont want to.

The funding bit most of us are aware of, and cringe when other Wakey fans open their mouths and place their foot in the hole. Similar feelings to when jerks on TotalRL state Wakefield are asking the WMDC for funds.



The bit about Box giving us the same support as Cas though, come on!

This!

It helps when the local council signpost potential developers and investors Castleford way thus enabling the funding for Castlefords privately owned er....community stadium

Lifelong Cas fan and Cas Tigers shareholder Peter Box (yes Peter, nominal shares indeed!)

'Nuff said.

They must be fantastic developers over there. They have been allowed to develop on green belt land without a public enquiry.

They must have obtained a massive financial planning gain by doing this but in all fairness they have offset this gain not by giving an asset to the community but by giving an asset of around £12M to a private company, what generous people they are.

The leader of the council is a shareholder in this private company and therefore he will have made a financial gain from this deal which may only be nominal but his position in all this shows he has more than a neutral interest for it to happen.

However contrast that to the way we have been shafted at Newmarket and the utter contempt Box has shown towards our plight.

I really hope Cas get their stadium as its good for the game in general but all I ask is that we get equal treatment from Box and his croanies.

That's the part that confuses me - they persist in referring to it as a community stadium, when it clearly isn't; it's an asset being gifted to a private company, and the CEO of that very company has just publicly announced the commercial benefit it will bring to them - and the shareholders, of which the Council leader is one. How is this not being looked at outside of the parochial backwater that is WMDC?!

I'm happy for Cas to be (eventually) getting their new stadium - but it's galling to see the total difference in attitude towards that project, and the *actual* Community Stadium proposed for Wakefield.

I am not a tax expert, far from it.. However anyone out there who is, I would be interested to know how a private company can benefit from £12M gift without tax implications ? Be interested to see how Box squirms his way around that one.

Companies do not go around making gifts of such magnitude to another company totally unrelated. They have must have had some incentive or pressure in order to do so. If their deal has been brokered by WMDC then all I ask is that WMDC give our club the same 'service' so that we also get a stadium given totally free of charge.

By means of a S106 agreement

From what I understand from reading about this probably a few years back - it may have changed since - there are tax implications (in that the disposal of land will be charged Capital Gains Tax). If it's given away, then Lateral will be charged tax on the difference between the market value and the price they paid for the land there. Lateral's Directors can apply for Gift Hold Over Relief, which will transfer the tax to Cas should they ever sell the new stadium.

Someone else well versed in accountancy may be able to clarify this. Similarly, if Cas ever sell Wheldon Road, they'll be paying the same tax on the difference between buying and selling too. And again, they can delay this if they sell WR within 1 year after they move in or at any point between now and the stadium being built (providing it's within 3 years).

I would also point out that I don't think the land is being transferred and it isn't free. If I remember rightly, I think the freehold of the stadium is being given to Cas for a nominal fee (small amount, but not free)

Wrong there , I am sure 106 monies are not allowed to go to private companies or individuals.

Hence the reason we had to form a charitable trust for NM.

You seem to be stuck on just the stadium but Lateral are - and have - invested more money into more than just the new stadium. You negate to mention that it includes the retail element and a country park (for community benefit), and that as part of the planning conditions Lateral have accepted, they will also invest in local road infrastructure, Castleford Town centre, and also fund many other things as part of the development.

This is probably a mitigating reason as to why it didn't go to public inquiry, and because there was an overwhelming support both locally and regionally from numerous people including Gary Verity, Adam Pearson and people like Yvette Cooper. Moreover, the Tories have devolved a lot of power to the local councils.

Let's not make out it's hugely different to yours. The stadium was a carrot as a means of gaining public and political support for the rest of the development, as Newmarket was to getting the warehouses and the other development up there at J30. If there's enough of a carrot there, then it's a strong chance of getting through.

To clarify my above point, the Section 106 agreement states that Castleford will get freehold of the stadium land for £1 upon practical completion of the stadium.

And to answer Bren's point above the community stadium, you are correct in that it is not having extra pitches like Newmarket, however, it will be used for community purposes, again covered in the S106:

"within 3 months of such completion, Castleford will make available the Stadium for community uses including the work and activities of the Castleford Tigers Community Trust to promote sport development, health, social skills and life-long learning and employment opportunites for local people'.

So yes, it isn't going to be owned by the community in the way that Newmarket was, however, it will still be able to be used by the community, and for community purposes and activities outside of Castleford Tigers via our charitable arm.

Let's not over complicate this, Lateral will build a stadium with a cost value of £12 million (market value of approx £ 18 million) and give it to a private company for £11,999,999 less than its value.

Said private company should be liable to pay tax on this asset.

Playing some community games in the stadium does not make it a community stadium in the eyes of the law or the taxman

It is not a community stadium!

Well I'm not sure that's entirely true, S106 monies can definately go to and individual or private company in the case of a compulsory purchase order (I know from personal experience), I believe the main reason for registering the trust as a charity will be for other tax benefits along with availability of several funding streams, but just like you said in you previous post "I'm no tax expert" either

Let me make this clear I have no gripe or complaint about Cas getting a stadium. What really disgusts me is the double standards of Box and his lackies.

Fully has just outlined what is going on at Cas. Then look at the totally contrasting way that Wakefield council have reacted to the NM development.

At Cas they have got behind the project to make it deliver all kinds of benefits.

At Newmarket they have stepped back, washed their hands of it totally and basically allowed the developer to do as he pleases.

All I ask from Box is parity with Cas

Good post squire.

That's exactly my position too - it's easy to interpret the attitude of WT fans as being oppositional to Cas getting their new stadium, and that may well be the case for some - but it's definitely not mine. I'm very much behind the Cas development - it's good for the game, the area and the club; and it shows what a determined LA can do when they get behind something and get the right people around the table to deliver a meaningful project. What's unacceptable however, is the total difference in Box' attitude to a similar project on this side of the district - and perhaps the fact that Cas have got an honest broker involved in Lateral, whereas we've got Yorkcourt, who have proven to be bent as a nine bob note.

One point however - despite Fully's best Comical Ali efforts, it is *not* a Community Stadium; a few dance lessons and community outreach work doesn't fulfil that criteria; it's an asset being gifted to a private company for their sole use and benefit.

Totally agree. Also ours will be a community stadium!

Love the optimism.

Hmm, not entirely sure on WMDC being the ones behind getting all of the benefits. I think it's a multi-party effort in that any potential obstacles, Lateral have tried to offered something as a way of compromising. It just so happens it gives WMDC another reason to back the plans.

For example, they were looking to open another M&S store at J32 so rather than losing the town centre one (as M&S intended shutting it anyway), they have subsidised the refurb of it and also rental costs for a few more years in order to keep it there and for the town centre benefit.

I don't see how this is any different in using the carrot of sports facilities such as 3G/4G pitches, etc, plus new road infrastructure as a means to getting planning permission for Newmarket? As I said, both stadiums have been used as extra weight to secure planning permission for relevant developments.

In relation to the first paragraph, I can't argue with that. I agree that it seems Cas have landed lucky with the partners they have involved. On the second point, that wasn't me saying I agree or that it is, just what it says in the S106 to justify the 'community element'.

However, in terms of the argument about community benefit, I guess it lies in how you see it. I can't see much difference in terms of functionality of the stadium with exception to ownership. Both stadiums will be open to other teams who want to share and use the facilities (at a rental cost) in the local community, both will have conference facilities, and both will be open for charitable work, outreach programmes. I don't see how they differ in that regard into the scope of what they offer to the community. Please do correct me if I've missed something that Newmarket will offer - it'd be great to understand your views on why you think there is such a material difference in offering.

What I suspect your argument is, is with the ownership model. With the Trust owning it (who is on the Trust from the local community aside from Wakefield Trinity members by the way?), I suppose you could argue that Trinity will have pay rent and so the Trust would have/will benefit from that should it go ahead, along with any other people using the facilities, which in turn will have a knock on effect in the scope of their work, dance lessons, outreach work, etc, you mention. I fully accept that as a point. And although it isn't guaranteed like it would be for your Trust, there's nothing stopping Cas from passing on the benefit of increased revenues to their charitable arm too to do something similar (again, I accept this isn't likely and can never be guaranteed without some sort of contractual, ringfenced agreement).

Where there is an arguable benefit in terms of community is the additional extras separate to the stadium in the pitches, which would be open to public usage daily and weekly. That's not the 'Community Stadium' though really - and they could exist with or without a stadium (be a bit pointless though I guess!)

But let's be fair, the Trust was only selected as the benefactors because YC didn't have the cash and neither did you as a club. The Trust was used to obtain money from WMDC (£2m) and the additional revenues from grants and such like. If the funding was there, there'd be no need to gift it to the Trust - it would have been given straight to Trinity to own without the need to pay rent, a la Lateral and Cas.