A brief summary:

MC will visit the RFL tomorrow to explain the club's short and long term plans.

They will be seeking short term dispensation with no long term plan.

MC does not know what to expect from the meeting.

The club have not been approached about selling their licence.

A redevelopment of BV is absolutely off the table.

The only way forward is Newmarket.

The only way is for WMDC to borrow the money.

Because we are in this situation due to inaction of the council they should be doing anything they can to help us, the MPs that thought it was a good idea to support us before the election, should encourage the council to do the right thing. If there was a will there would be a way. It's time Wakefield Council and MPs put together an action plan to keep the city's only professional sports club from going like rest of professional Sport in Wakefield

He also said the club will more than pay the interest on the capital borrowed by the council to get the stadium built

Carter has said that before and it is a very honourable gesture. The only question I have over that is how is the interest paid if the club is relegated in the future? Will profit be enough to cover the interest charges?

No idea but he doesn't strike me as a ted or glover type so I suspect he has done his sums and knows he can honour it

yep, that's the state we're in right there

the trouble with it is the relationship between the developer and box, who is in effect Wakefield Council, RW seems more and more like a peripheral pain in the $r5e rather than an enabler.
YC and WC need splitting up, we can ask WC to borrow the money to get things rolling on the back of chasing YC for what they owe, but if there isn't the will to chase on the councils behalf, they will be looking at having to fund the whole thing themselves.

As he said during the interview: Leave him to worry about the stadium problem the rest of us just support the club and staff and enjoy the rugby.

And the plan would be build it then chase the developer for the money. Yeah good luck getting them to pay up. The chances are the council would end up 10 million quid out of pocket and they know it hence they won't go for it. And given most council tax payers in the district couldn't give a monkeys whether the stadium gets built or not then they won't want to be seen to be taking the high risk.

Good interview

Up the Trin

I'm sure if Wakefield Council were owed money they would get it!! Especially if yorkcourt wanted to do business in Wakefield. The city's MPs could do more to encourage the council, they should be reminded that fans would remember it at the next election

It's pretty obvious that if they are 'forced' to shell out £10million for a stadium then they probably aren't bothered about doing business in Wakefield. I think you'll find they'd be quickly liqudated and a new company would turn up somewhere like Leeds.

They wouldn't be missed.

They would be missed by whoever had guaranteed the loan.

If the council were so minded, surely their legal team could be a little more pro active and ensure that a company whom were part of the deal to turn green belt land into industrial land, wouldnt be allowed off the hook.
Although it's naive to think that all sorts of companies are very clever about finding loopholes to avoid their obligations, there was a huge chunk of land, re classified on the proviso that a community stadium awa "given" to the people of Wakefield.
If as it appears, they are not going to keep this commitment, what legal options do WMDC have.
I know this doesn't help us with tomorrows deadline but, they appear to be taking the mickey big time and a local authority should have the commercial where with all to enforce the required building work.

That's why the council will never agree unfortunately. I don't think anyone else would miss them if they pitched up in Leeds instead of round here.

They could at a guess apply to put the land back into greenbelt and make it pretty much impossible to develop, although the land ownership wouldn't change. Doing that though makes it pretty much wipes out any faint hope of another developer taking it on thanks to all the red tape and expense it creates.

What can they do until there's another 60,000 sq ft on there? Yorkcourt haven't done anything illegal yet (I don't think so anyway).

That's how I understand it. Morally their reluctance to develop anything else and the separate application for new cold is the issue but that doesn't get a stadium built

I agree entirely.

MC has said that he will more than pay back any interest and, it will cost WMDC nothing.

That is a very noble gesture however, unless he is also willing to stand as guarantor to the loan, presumably moot.

If York Court liquidate or walk away, the council would be left with a loan they couldn't pay.

Presumably without a benefactor, neither could the club.

The stadium itself would be the guarantee once completed. If for whatever reason the council were unable to compel Yorkcourt into paying the loan and Trinity were forced to move out then the council could have it in the terms that the stadium trust would revert the stadium into council ownership

And as I said previously, multi-purpose Stadium could make the city as well as attract other businesses

What use is a stadium to the council?

So Trin move out and the council are left with a stadium with nobody using it.

Unless I'm missing something, what income are they paying the loan off with?

Let's remember that NM is far from a prime site for a stadium and we are only there because we have no other options.

It would become a bigger white elephant than the Millennium Dome.

And then to get the money they either kick us out and sell it off or they charge full rent and take the day to day proceeds, screwing us up either way.

Why would we move out?