Re: Odsal lease : Mon Jul 30, 2018 5:06 pm  

Tricky2309 wrote:

Seriously!!! I never said I was in the know I offered an opinion as to why the interest from Mc and other SL chairmen and then get jumped on by you and others with a seemingly massive chip on your shoulder.

I have had the same user name since I first joined, if I have an opinion on something I don’t need to change username to give it

I'm sure he's talking about Belcki, who does appear to have a similar posting style to people who were posting here in our previous woes

What I would be interested to know is how a guy who doesn't appear to have the money to invest into a new stadium for his own club, and runs that club at 300K below cap (according to todays League Weekly) has the funds to 'invest' in Odsal?

Genuine question, by the way

Re: Odsal lease : Mon Jul 30, 2018 5:07 pm  

Bull Mania wrote:

I don't think he's talking about you mate, i think he's on about belecki.

I agree with you that them buying it was one of the worst decisions under Woods leadership (and there's plenty to choose from) we didn't benefit it as it's effectively what sent us into Admin1.

I agree that it shouldn't be sold at a cut price (although i don't think the RFL will ever get what they paid for it) i also don't think it should be sold to other club owners at any price. As others have said, it's a conflict of interest.

Ok if that’s the case I apologise to Mat and fwiw I agree with what you say above

Re: Odsal lease : Mon Jul 30, 2018 5:24 pm  

Have the RFL ever stated how much the loan on which the lease was secured and how much was repaid?
Just in case people have forgotten how the RFL obtained the lease in the first place.

Re: Odsal lease : Mon Jul 30, 2018 5:28 pm  

paulwalker71 wrote:

I'm sure he's talking about Belcki, who does appear to have a similar posting style to people who were posting here in our previous woes

What I would be interested to know is how a guy who doesn't appear to have the money to invest into a new stadium for his own club, and runs that club at 300K below cap (according to todays League Weekly) has the funds to 'invest' in Odsal?

Genuine question, by the way

My guess is he doesn’t want to buy it, it is just a way of raising the issue, so as to highlight the significant drop in value in 6 years and perhaps make it necessary for the RFL to justify the write down, before being able to sell at the lower figure.

MC has said he sees it as an investment opportunity- make of that what you will. FWIW he was going to buy BV for GBP 600k but was told not to by WDMC and YorkCourt as they wanted a clear path

Re: Odsal lease : Mon Jul 30, 2018 5:29 pm  

Godiswithers wrote:

Have the RFL ever stated how much the loan on which the lease was secured and how much was repaid?
Just in case people have forgotten how the RFL obtained the lease in the first place.

I think I read somewhere it was 1.33m

Re: Odsal lease : Mon Jul 30, 2018 5:39 pm  

Wasnt aimed at you tricky2309.

Loan was less than purchase price of odsal as they withheld the loan amount, to repay loan in full, when they bought odsal, which combined with bank taking rest of odsal money to settle overdraft caused admin 1.

Re: Odsal lease : Mon Jul 30, 2018 5:42 pm  

mat wrote:

Wasnt aimed at you tricky2309.

Loan was less than purchase price of odsal as they withheld the loan amount, to repay loan in full, when they bought odsal, which combined with bank taking rest of odsal money to settle overdraft caused admin 1.

Yeah others said that so apologies

Re: Odsal lease : Mon Jul 30, 2018 5:49 pm  

It’s worth however much people are willing to pay for it.
The RFL paid £1.25m for it, which then meant bulls owed taxman 20% - £250k
RFL basically converted their secret £900k unsecured loan from 4 months previously (which was the moment the car crash started) into an asset, which would generate income. This basically dug the RFL out of one hole, but dumped them in another one. But it screwed the Bulls completely

Re: Odsal lease : Mon Jul 30, 2018 5:57 pm  

I don’t believe MC has triggered all this again. A thousand termites to infest his house.

Re: Odsal lease : Mon Jul 30, 2018 5:59 pm  

Bullseye wrote:

Irvine has been assisting up at the club on the commercial side for some time now apparently.

Surely a club owner owning the lease of the ground of another club is a conflict of interest?

Has or apparently has. Which?