The split of the cost earlier in the year was £12m for the South Stand, an eye-watering £28.5m for the shared stand with its sub-4,000 RL capacity plus another £2.5m fitout. How much of that £28.5m is paid by Leeds hasn't been confirmed but the total Leeds cost of the development was reported to be around £24m so a little under half (which makes sense given Leeds benefit most from the corporate bit of the stand but Yorkshire's structure is much more complex).

Separately a report with Hetherington quoted Leeds as paying £18m in "rent" which ties back in with the £24m as Leeds have around £6m in cash/available funds.

The basic structure of the deal as outlined was -
1. L&G take a 140 year lease of the joint stand land from Leeds and provide the cash for redevelopment
2. Leeds City Council sublet the completed stand from L&G for 40 (or 45) years which provides L&G their return
3. Leeds and YCCC take further sub-leases of the stand from LCC at a rate which in turn provides LCC with a return
4. After 40 years the subleases from L&G to LCC and from LCC to YCCC and Leeds come to an end. At that point YCCC/Leeds have the option to acquire the 140 year long headlease back for a peppercorn.

LCC has no right to terminate or reduce their lease to L&G but Leeds and Yorkshire can both make lump sum repayments to reduce the rents they have to pay to the council going forward.

The council was planning on taking security from the clubs in the form of ECB fee income, the stadium naming rights, a Caddick group or Leeds guarantee of up to £5m plus other odds and sods.

The main mystery to me is how the £12m South Stand financing works. Leeds provide their £5m or £6m of this but it looks like L&G provide the balance - but from the horses mouth I was told this development was being done by Leeds entirely separately to the shared stand and it isn't mentioned anywhere in the council agreements which all talk about L&G's 140 year lease of the shared stand.

£24m to rent 2 stands sounds high? St Helens' entire stadium only cost £30m.

I think Leeds would view the £24m as their total cost as they aren't particularly fussed about the funding structure and will end up owning it at the end. But yes it's over £2k per spectator whereas Langtree Park ended up at around £1.5k per spectator. However the seating/standing ratio is much greater at Headingley and Leeds would be confident of generating a much better return on investment than Saints given the higher rates achievable at Headingley and the size of the corporate facilities in the new shared stand which are about 1/3 larger than those at Langtree Park.

interesting .

Get off your high horse. Some people do care.

I wasnt in any way criticising the deal,i said i havnt got a clue about things of this nature,theres every chance GH could of played another blinder with the deal,which id be pleased to hear about and want to know about.

Im well aware of the great things the current management have done for the club,iv posted in the thread about GH that he's the best thing thats ever happened to the club imo.

Calm down princess, it wasn't a dig at you (or anyone else for that matter).

Just saying I don't think elements of how the club are run like this are something fans should worry about, providing on field performances or admissions prices aren't impacted.

the two stands getting replaced were built in the early 30s making them over 80 years old and its going to take more than 40 years to pay off under the official arrangement. So I presume by that time they be past their sell by date

40 years is not the same as 80 years, it’s half the time, so if you were to presume anything from that, you’d surely presume the stand was halfway through its life.

Im perfectly calm...Calm enough i dont need to call you princess,sugar,honey or any other embarrassing alpha male rubbish.

If you're not worried about it thats fair enough,im not worried about it either,like you,iv got every confidence in the management,but i am interested in it,as a lot of other people seem to be. Thats why i posted asking people who are clearly interested and know more about it than me, how the deal looks for the club. If you dont know or dont give a hoot,why bother taking your time to question why others do? You must of expected that in a thread titled 'stadium redevelopment' that there would be posts in it about the fiancing of the development.

It could be argued that what i asked regarding the quality of the deal for the club...Is it good,bad or risky?could very well impact the only 2 things your interested in...onfield success and admissin prices.

I just hope they can get the new South Stand up ASAP TBH; the last two home games of last season were intolerable with the Western Terrace full of racist, retarded know-nowts with their sh*tty baseball caps covered in sh*tty pin badges. What is all that about anyway? Is it like the stars the McDonalds workers get, the more badges you have on your hat the bigger fekwitt you are?

...and that fekkin' band...!!!!

Count yourself lucky.

We got stuck next to some absolute whoppers in the CT.

That’s good to know. I didn’t really like the idea of us renting/leasing the new stands, but if we can take over ownership after 40 years it isn’t really any different to borrowing the money to build them.

nothing against them ,but When in recent years I have ventured in the SS I realized they are not the same type of southstanders that used to stand in there

Talking of Stadium redevelopment, looks very much like yet another false dawn down the A61. How long have Wakey been moving or now more latterly, been tarting up Belle Vue. Both them and Cas have been farting about for well over a decade, releasing artist impressions of how their new stadiums will look. They’ll both be still in situ at their resident $hit holes this time in 10 years at this rate.
The only club in the Wakefield MDC area that have made any kind of progress are plucky little Fev.
Why they don’t build a joint shared community stadium for the pair of them is completely beyond me.

Leeds have been farting around for 18 years releasing artists impressions. it's only finally happening now because at last the two clubs managed to get their finances together. These things are terrifically difficult, especially when the local council isn't interested in putting funding in direct.

Youth services
Libraries
Parks, open spaces and galleries
Leisure facilities, including swimming pools and recreation centres
Social care for the elderly, children and other vulnerable members of the community
Support for the voluntary sector
Planning and building control
Refuse collection, street cleaning and other environmental issues
Maintenance of roads and bridges
Traffic management and road safety
Parking services and control
Consumer protection
Community development services
Housing, including the provision of social housing, housing strategy and advice and services for the homeless

A list of services local Councils have to fund. Most are in dire financial positions. Why should they fund a wealthy, private business? "The best run club in RL".

you're always welcome here

Why should the council put monies into private businesses especially one that has an owner that could fund the development himself if so desired?

There is an argument that they should if it brings benefits to the region, such as bringing/keeping international Cricket in Leeds. I’m not saying this is my opinion, but it is an argument in favour why a council may spend money helping to develop a stadium.

Thanks, I value your approval.

I'm not saying they should. But people who criticise Leeds for the slow pace of things shouldn't blithely compare the situation to other clubs where councils have taken much greater interest in driving or in some cases funding redevelopment.

well ther's never owt much doin ower yonder is ther

Other clubs have all seemed to fair pretty well except the 2 in the Wakefield district for whatever reason that is. Look at the Super League as a whole, even without the North/South Stands, messrs Caddick/Hethrington have transformed Headingley as a whole over the last 20 years (mainly on the Cricket side to be fair) and ever other club have either moved to shiny new stadia or significantly upgrading their existing I.e Hull KR and Widnes.

LCC and Leeds Cricket Football & Athletic Co. Ltd. aren't on the best of terms at the moment.

Why is that what has changed ?