UPDATE: The council has found an investor in London who will put £35m into the redevelopment of the stadium.

That is a result all round - hopefully they will get on with it ASAP

LCC has its uses after all!!

Great news and what a difference a few weeks makes... Top of the league and now this.

were are we playing next year then, i would prefer a year at elland road than odsal.

www.therhinos.co.uk/news/heading ... NpKNTsrJPY

www.therhinos.co.uk/news/heading ... NpKNTsrJPY

In other countries they would have no problem funding stadiums or sporting facilities as they know how important they are to a community.

But this country rather see 100+ year old clubs like Wakefield and Bradford go to the wall and play in 80 year old dumps. But happy to spend millions on giving laptops to the unemployed for example.

Pleased it's going through ,but I wonder what the private investor is getting out of the deal.

The unemployed can use laptops to search for work, to train and learn/improve skills and to gain qualifications. That seems a far better use of public money than gifting stadiums to millionaires.

Is funding solely for the north stand? Do we have planning permission for either or both stands or is that obstacle still to come?

Unfettered access for development on all the greenfield sites in Leeds?




Seriously, I hope it goes ahead without the need for any public sector support.
As I understand it all the necessary planning permissions are in place, the sole reason for delay has been that of funding.

The next statement from the club needs to be about whether we are playing away from HQ whilst the redevelopment takes place - if so when & where?

We don't need anymore articles telling us how happy GH is that its finally happening or how International cricket will be at HQ.

Interest at a good commercial rate?

Funding is for both. Total cost is £39m, £4m pledged by LCC last year & £35m from the private investor.

IF and I do mean IF we do go to Odsal how many would give it a miss?

Quote ="Frosties."Funding is for both. Total cost is £39m, £4m pledged by LCC last year & £35m from the private investor.'" www.yorkshireeveningpost.co.uk/s ... -1-8462635 The above article would suggest that there is no call on the public purse which seems to have been the previous stumbling block (quite correctly in most views). But it fails to say what other strings may be attached that could yet mean the LCC Exec Board will not agree to this solution.

Quote ="Frosties."Funding is for both. Total cost is £39m, £4m pledged by LCC last year & £35m from the private investor.'" www.yorkshireeveningpost.co.uk/s ... -1-8462635 The above article would suggest that there is no call on the public purse which seems to have been the previous stumbling block (quite correctly in most views). But it fails to say what other strings may be attached that could yet mean the LCC Exec Board will not agree to this solution.

Quote ="Old Feller"www.yorkshireeveningpost.co.uk/sport/cricket/yorkshire-cricket/investment-secured-to-save-headingley-leeds-rhinos-and-yorkshire-chiefs-hail-agreement-1-8462635 The above article would suggest that there is no call on the public purse which seems to have been the previous stumbling block (quite correctly in most views). But it fails to say what other strings may be attached that could yet mean the LCC Exec Board will not agree to this solution.'" https://www.google.co.uk/amp/www.bbc.co ... p/36907238 The whole development would cost 39m so this grant has already been aproved making the total 39m

Quote ="Old Feller"www.yorkshireeveningpost.co.uk/sport/cricket/yorkshire-cricket/investment-secured-to-save-headingley-leeds-rhinos-and-yorkshire-chiefs-hail-agreement-1-8462635 The above article would suggest that there is no call on the public purse which seems to have been the previous stumbling block (quite correctly in most views). But it fails to say what other strings may be attached that could yet mean the LCC Exec Board will not agree to this solution.'" https://www.google.co.uk/amp/www.bbc.co ... p/36907238 The whole development would cost 39m so this grant has already been aproved making the total 39m

I can see you now, walking round your adopted country, promenading in your socks, Jesus sandles, union jack shorts, UKIP t shirt, hanky on head, heading to the Merry Monk in Los Cristianos for a game of darts n doms with other down-trodden plebs while putting the world to rights.

why does the council exec have to agee to this proposal , whats the council involvement then in the finances of it then are they underwriting it ,

why are not YCC and Leeds Rhinos dealing direct with this private finance ,

how is this 35/39m going to be paid back at what cost they will want some return on there investment

Yes

So we're effectively selling the ground to this investment firm and renting it back from them?

If the clubs were contributing equal amounts to the northstand then it would.make sense that this financing is only for the joint stand and the extra 5m or so that the rhinos are contributing is for the southstand and the Carnegie stand and western terrace unaffected.

If that's the case then I'd never set foot in HQ again on principle.

According to the BBC website we are only renting the stands that are to be built.
I would imagine there will be a charge on the the rest of the land and buildings should the debt ever be defaulted on.
However the Leeds City Council will be holding a meeting in April, so maybe its not all cut and dried,unless just a case of dotting the i's and crossing the t's.
Does that also means that Gary's threat of contracts having to be signed by the end of this week was another porky.

What principle?

That'll learn 'em.