Re: Stadium Developments : Sat Dec 17, 2011 1:05 pm  

Cheers to the Muffin Man, the armadillo and Sadfish (never a sentence I ever thought would be possible)

So Saints/Cas is/would be all within their control which is excellent.
Wakey & Salford I suppose depends on how much they'll be charged as tenants. Though I can't see why the Trust at Wakefield would charge a stupid amount otherwise what's the point.

Re: Stadium Developments : Sat Dec 17, 2011 4:01 pm  

UllFC wrote:

Can't wait to visit the Salford and Saints stadiums, both look fantastic. I hope for Salford in particular it provides the club with a boost, SL needs as many clubs frequently competing in the playoffs as possible.

There are only so many teams that can frequently play in the play-offs!

Re: Stadium Developments : Sat Dec 17, 2011 5:36 pm  

Him wrote:

Cheers to the Muffin Man, the armadillo and Sadfish (never a sentence I ever thought would be possible)

So Saints/Cas is/would be all within their control which is excellent.
Wakey & Salford I suppose depends on how much they'll be charged as tenants. Though I can't see why the Trust at Wakefield would charge a stupid amount otherwise what's the point.

In rented stadiums it isn't usually the rent that is the problem ( although it was the issue at Widnes , which partly caused them their financial problems outside SL pre 2008 ) it is the loss of revenue streams that is the problem

So Salford and Wakey do/will have a lot of work to do if they are to make the stadiums viable , essentially they have to replace the lost revenue with numbers through the turnstiles , both general fan and corporate

It isn't as simple as most people think

Re: Stadium Developments : Sat Dec 17, 2011 6:37 pm  

Him wrote:

....So ...Cas ... would be all within their control....

That's what they wish but not necessarily going to get - even if a supermarket is built on Wheldon Rd. Check through Richard Wright's statements and you'll find one where he slips in the fact that even if WR is sold they don't actually know if it will cover all the costs of building a new stadium and food outlets/bars etc may well be in the control of external agencies.

Re: Stadium Developments : Sat Dec 17, 2011 7:31 pm  

Mr Dog wrote:

Him wrote:

....So ...Cas ... would be all within their control....

That's what they wish but not necessarily going to get - even if a supermarket is built on Wheldon Rd. Check through Richard Wright's statements and you'll find one where he slips in the fact that even if WR is sold they don't actually know if it will cover all the costs of building a new stadium and food outlets/bars etc may well be in the control of external agencies.

Rubbish. He states that the funding will be sufficient to build the stadium and that we still will continue to push on raising money as we would like to have our own catering functions. I have no doubt that whether it is upon opening of the stadium or a year down the line, that will be the case and therefore opening up an increase in revenue streams.

Re: Stadium Developments : Mon Dec 19, 2011 7:02 pm  

Wellsy13 wrote:

There are only so many teams that can frequently play in the play-offs!

I meant frequently have a chance of making the playoffs, whereas now there are a good 4-6 teams who lag way behind year after year.

Re: Stadium Developments : Mon Dec 19, 2011 9:33 pm  

UllFC wrote:

I meant frequently have a chance of making the playoffs, whereas now there are a good 4-6 teams who lag way behind year after year.

Ah, I see. I know what you mean. You'd put good money on Salford, London, Widnes and Wakefield not making the play-offs, and good money on Wigan, Wire, Saints and Leeds being in the top 5.

Re: Stadium Developments : Tue Dec 20, 2011 1:36 am  

Sadfish wrote:

Saints is wholly owned by Saints.

The Land is owned by Langtree.

I thought Saints owed millions for this, in the shape of a £3M bond, £3M private debt facility & converting £850K of directors debt to shares. Not sure how that equates to 'wholly owned'
Wont take you long to pay it all off will it maybe 25 or 30 years if you stay successful?

[Sadfish]

Re: Stadium Developments : Tue Dec 20, 2011 6:22 am  

knockersbumpMKII wrote:

I thought Saints owed millions for this, in the shape of a £3M bond, £3M private debt facility & converting £850K of directors debt to shares. Not sure how that equates to 'wholly owned'
Wont take you long to pay it all off will it maybe 25 or 30 years if you stay successful?

surely this is the same for all contruction projects?

either way the money is in the directors.

Re: Stadium Developments : Tue Dec 20, 2011 8:45 am  

knockersbumpMKII wrote:

I thought Saints owed millions for this, in the shape of a £3M bond, £3M private debt facility & converting £850K of directors debt to shares. Not sure how that equates to 'wholly owned'
Wont take you long to pay it all off will it maybe 25 or 30 years if you stay successful?

The Money is owed to Directors NOT the banks , part of the loan is to buy the 999year lease on the land , the Stadium IS wholely owned by Saints, , not a stadium company or the local council or any other entity who can dictate the time of use of the Stadium or take shares in any profits the Stadium generates , I think at the time it was announced a figure of 10 years was mentioned to repay the loan part.