Re: Re: The City of Wakefield Community Stadium : Thu Jun 25, 2015 6:15 pm
bren2k wrote:
You seem to suggest that when a business is bought, the buyer does so with no expectation of at some point in the future being in a position to change material things that impact on the running of that business; which is clearly and patently not the case.
Michael Carter bought the business I would imagine, in the full and reasonable expectation that when a break clause came up, he would attempt to renegotiate the terms of the lease, which he considered to be above market value; he's attempted to do that, BoI have not responded, so he's enacted the break clause.
Which part of that is difficult to understand?
It all looks pretty straightforward to me - and I'd be disappointed if he hadn't done it; it's a crippling amount of money to pay for a dilapidated old shed of a stadium, on land that has significantly less commercial value than people might imagine; he's done absolutely the right thing and it doesn't look like brinksmanship or game-playing of any sort to me - just business.
Michael Carter bought the business I would imagine, in the full and reasonable expectation that when a break clause came up, he would attempt to renegotiate the terms of the lease, which he considered to be above market value; he's attempted to do that, BoI have not responded, so he's enacted the break clause.
Which part of that is difficult to understand?
It all looks pretty straightforward to me - and I'd be disappointed if he hadn't done it; it's a crippling amount of money to pay for a dilapidated old shed of a stadium, on land that has significantly less commercial value than people might imagine; he's done absolutely the right thing and it doesn't look like brinksmanship or game-playing of any sort to me - just business.
I have made no such suggestion. You are tilting at windmills. Feel free to misrepresent any other posts that take your fancy.
The owner signed up to a deal that he 'hoped' would change in the future. BoI may not play ball and Wakefield fans may be travelling to Dewsbury (?) Leeds (?) etc to watch their club's home games. A great shame.
