Quote ="bellycouldtackle"Turfedout, the council are not giving the land to the Rugby clubs. They are giving it the the community trusts. Wakefield Community Trust is up and running, headed by Rodney Walker and others. Cas are setting up the Cas community trust I think Ivette Copper is involved.
So the Rugby clubs will not own the land and therefore it is not an asset of the Rugby clubs and the rugby clubs do not incur debt.
The land is been given to the respective Community trusts, it is they who borrow the money against the land and it is they who get the grants and they build and own the new stadiums. The stadiums are then community stadiums, the rugby clubs rent the stadiums from the Community trusts.'"
Ours is obviously community based, wheras Cas is part funded by the sale of their ground, i would imagine they will have a greater say and higher income stream than we will have. I understand that a partnership between Waystone, WMDC and Cas have formed a stadium company.
