stotty wrote:
==========
the deal is off!
http://www.leedsunited.com/news/thorp-arch-statement-20091016_2247585_1827701
in the club' statement it says:
"It is the club's belief that the conditions that the Council sought to
attach to the offer could all have been satisfied before the expiry of
the 28 days, however as they were not all in the gift of the club
therefore it was decided not to proceed."
But I thought the owners of TA were being very accommodating. I smell
the fell hand of the Football league. If you heard the Leeds City
Council Leader, Andrew Carter, speaking to Radio Leeds recently - see:
http://news.bbc.co.uk/sport1/hi/football/teams/l/leeds_united/8299058.stm
then you would have heard Carter say that the deal depended on the FL
making certain guarantees.
My understanding is that these guarantees related to financial
arrangements between the club and the council but it might just also
relate to the club's ownership/ fit and proper person test thing that is
on going.
Whatever the outcome it now means that the club is saddled with a an
expensive lease which can only be redeemed at market values if they wish
to buy back the ground. Shame that we didn't have a wealthy Chairman
who could access the £6m or so needed to buy out the lease in the first
place. Unfortunately we are saddled with an unknown owner who clearly
doesn't think this is worth doing out of their own pocket and had to go
cap in hand to the public purse only to find that external forces
scuppered the deal.
Bottom line is:
1) Does the new lease cost more than the old lease and more than whatb
the club would have paid the council annually
and
2) Where does the club now stand in terms of buyback in the future?
and that's before we even consider Mr Adler and the stadium
ownership...................
I am not surprised when people wish they were glory hunters following
Mansea United AFC rather than following this unhappy saga.
Betty
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